Equally accountable

International Accounting Standards

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Numerous financial scandals have put the world of accounting in the spotlight, and the profession is about to witness more scrutiny with the forthcoming implementation of new International Accounting Standards (IAS).

This transition to a global standard for reporting accounts is aimed at harmonising international financial reporting standards, in particular a convergence with US Gaap (generally accepted accounting principles), by increasing transparency and allowing cross-border comparisons. The

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