Global Accounting Standards
Global Accounting Standards refer to a set of guidelines and principles that are used by companies around the world to ensure consistency and transparency in financial reporting. These standards are established by international organizations such as the International Accounting Standards Board (IASB) and are designed to provide a common framework for preparing and presenting financial statements. Adhering to global accounting standards helps to facilitate comparisons between companies operating in different countries and enhances the credibility and reliability of financial information for investors, regulators, and other stakeholders.
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