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IAS & IFRS

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Guest

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Guest (Querist)
13 February 2009 What is the difference between IAS and IFRS?
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CA Abhishek Bagaria

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CA Abhishek Bagaria (Expert)
13 February 2009 Both are same. New IAS issued are known as IFRS.
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Saurabh Aggarwal

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Saurabh Aggarwal (Expert)
16 February 2009 There is no difference between IAS and IFRS.
Both have been issued by the same institue, i.e. IASB - Internation Accounting Standards Board.
Earlier, the standards issued by this Institute were known as IAS. But, new standards are known as IFRS.
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