Description

IAS stands for the International Accounting Standards. However, I suspect you might be referring to the International Accounting Standards (IAS) or International Financial Reporting Standards (IFRS), which are a set of accounting principles and standards issued by the International Accounting Standards Board (IASB).

The IAS/IFRS provides a standardized framework for financial reporting, ensuring consistency, transparency, and comparability of financial statements across different countries and industries. These standards are used by companies to prepare their financial statements and provide relevant information to stakeholders, such as investors, creditors, and regulators.