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Accounting Standards are a set of principles and guidelines that govern the preparation of financial statements. They are used to ensure that financial statements are prepared in a consistent and reliable manner, providing a true and fair view of a company's financial position. Accounting Standards are developed by the International Accounting Standards Board (IASB) and are adopted by many countries around the world.
Accounting Standards are important for investors, creditors, and other stakeholders, as they provide a common language for financial reporting. They also help to ensure that financial statements are comparable across different companies and industries.
The Accounting Standards market is highly competitive, with many companies offering a range of services related to the implementation and maintenance of Accounting Standards. These services include consulting, auditing, and training. Companies in the Accounting Standards market include Deloitte, Ernst & Young, KPMG, PwC, and Grant Thornton. Show Less Read more