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What is the difference between IFRS & IAS?

asked Dec 31, 2012 in General IFRS Discussion by anonymous
retagged Apr 23, 2013 by Visio

What is the difference between IFRS & IAS? Are they same or different?

iasb

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answered Jan 15, 2013 by AcMac Level 2 Member (4.2k points)

IASs are the old standards. IFRSs are the new standards. Any future standard will essentially be IFRSs and eventually all IASs will be replaced by IFRSs

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