why IAS?

The world of accounting and finance has been going through monumental changes in recent years. At the international level, there have been intense efforts to establish credible and transparent methods for measuring and communicating business financial results. Key factors contributing to increased scrutiny on accounting are the high profile financial frauds and scandals that received so much media attention. Another key factor is that the increasing complexities of business in today’s high-tech, global economy require new accounting approaches.