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One of the major differences is that the series of standards in the IAS were published by the International Accounting Standards Committee (IASC) between 1973 and 2001, whereas, the standards for the IFRS were published by theInternational Accounting Standards Board (IASB), starting from 2001
IAS is Accounting standard which addresses the allocation of exp or revenue with its true nature. IFRS is reporting standard, means, how to prepare financial reports/statements. What are their requirements, timings and per-reqosites.
1/ int .auditing standards
2 / int. fin. reporting standards
The Indian Administrative Service (IAS) (Hindi: भारतीय प्रशासनिक सेवा) is All India [2] administrative civil service of India. I.A.S. officers hold key and strategic positions in the Union Government, States[2] and public-sector undertakings.[2International Financial Reporting Standards (IFRS) are a set of international accounting standards stating how particular types of transactions and other events should be reported in financial statements
