Whois & Analysis for iasplus.com

The International Accounting Standards Board (IASB) is the independent, accounting standard-setting body of the IFRS Foundation.

Deloitte Touche Tohmatsu Limited, commonly referred to as Deloitte, is a UK-incorporated multinational professional services firm with operational headquarters in New York City in the United States.

International Financial Reporting Standards (IFRS) are designed as a common global language for business affairs so that company accounts are understandable and comparable across international boundaries.

They are a consequence of growing international shareholding and trade and are particularly important for companies that have dealings in several countries.

They are progressively replacing the many different national accounting standards.

They are the rules to be followed by accountants to maintain books of accounts which are comparable, understandable, reliable and relevant as per the users internal or external.

Accounting or accountancy is the measurement, processing and communication of financial information about economic entities such as businesses and corporations.

The modern field was established by the Italian mathematician Luca Pacioli in 1494.

Accounting, which has been called the "language of business", measures the results of an organization's economic activities and conveys this information to a variety of users, including investors, creditors, management, and regulators.

Practitioners of accounting are known as accountants.

The terms "accounting" and "financial reporting" are often used as synonyms.

Financial statements (or financial report) is a formal record of the financial activities and position of a business, person, or other entity.