International Accounting Standards

International accounting standards in Global Commerce Policy

In this regard, international accounting standards is: accounting standards being developed by the International Accounting Standards Committee (IASC) with the aim of enhancing the comparability of financial information, improving disclosure, reducing compliance cost and encouraging uniform financial reporting by multinational companies. These standards are therefore seen as a means for a better and more efficient allocation of financial resources. See also Generally Accepted Accounting Principles, Guidelines for Mutual Recognition Agreements or Arrangements in the Accountancy Sector and harmonization of standards and qualifications.[1]

International accounting standardsin the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

1. Dictionary of Trade Policy, “International accounting standards” entry (OAS)

See Also