Origins of IAS 1 The standard known today as IAS 1, Presentation of Financial Statements, has its roots in the late 20th century. Initially issued in 1997 by the International Accounting Standards Committee (IASC), it brought together various rules on disclosure and presentation that had previously been scattered across separate standards. By the time the … Continue reading IAS 1 Presentation of Financial Statements: Purpose, Structure, Amendments, and Global Impact Explained