Implementation of International Standards and Financial Reporting (IAS, IFRS)

The implementation of international standards IAS and IFRS entails the process of adapting and applying global accounting and reporting standards in financial activities. IAS and IFRS are developed by the International Financial Reporting Standards Board to ensure consistency and comparability on a global scale.

The implementation of these processes allows companies to provide their stakeholders with a more transparent and reliable system. International financial reporting standards enhance the accessibility and comprehension of information both at the national and global levels, fostering increased trust in the organization, attracting investments, and facilitating merger and acquisition processes.