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IAS- International Accounting Standard IFRS- International Financial Reporting Standard
A part from the above answer in the field of account, in India Administrative jobs are called IAS or IFRS. Which is as follows.
IAS ( Indian Administrative Service )
IFRS ( Indian Foreign Service )
The both are related to administrative services, But the IAS is higher than IFRS, and most of IAS candidates are posted in India only and most of IFRS candidates are being sent for foreign duties.
IAS is the International Accounting Standard prponded by International Accounting standard committee.
IFRS is the International Financial Reporting Standards . IFRS is an evolution and offshoot of IAS.Standards not covered in IFRS are governed by IAS.New revisions will be in IFRS only.As revisions are made, IAS will become obsolete.
IAS mean international accounting standard that is issued by IASC international accounting standard committee from 1973 to 2001
IFRS stands for international financial reporting standard issued by IASB
IFRS is the leastest Financial reporting guideline if there is matter that is not covered in IAS then IASB board issued new IFRS that supersede related IAS
One of the major differences is that the series of standards in the IAS were published by the International Accounting Standards Committee (IASC) between1973 and 2001, whereas, the standards for the IFRS were published by theInternational Accounting Standards Board (IASB), starting from 2001.