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What is the difference between International Accounting
Standars & International Financial Reporting Standards?
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Answer / angappan.m
IAS - International Accounting Standards are issued by
International Accounting Standard Committee upto the year,
2001. In the year, 2001, International Accounting Standard
Committee has been changed as "International Accounting
Standard Board". After that, whatever the Accounting
standards issued by them, are called as International
Financial Reporting Standards (IFRS).
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