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International Accounting Standards

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International Accounting Standards
A former system for standardizing accounting practices across the world. International Accounting Standards were issued by the International Accounting Standards Committee. Though it had no authority to enforce its rulings, a number of countries followed its guidelines anyway. In 2001, the IAS were replaced by the International Financial Reporting Standards.


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The volume, published by the International Accounting Standards Committee Foundation--parent of the International Accounting Standards Board--and LexisNexis Butterworths, can be ordered at www.
The International Accounting Standards Board has issued International Financial Reporting Standard No.
Generally Accepted Accounting Principles (GAAP) and the International Financial Reporting Standards (IFRS) issued by the London-based International Accounting Standards Board (IASB).
 
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