IASC meaning in Accounts and Finance ?

Answer:

What is International Accounting Standards Committee mean?

The International Accounting Standards Committee (IASC) was founded in June 1973 in London at the initiative of Sir Henry Benson, former president of the Institute of Chartered Accountants in England and Wales. The IASC was created by national accountancy bodies from a number of countries with a view to harmonizing the international diversity of company reporting practices. Between its founding in 1973 and its dissolution in 2001, it developed a set of International Accounting Standards (IAS) that gradually acquired a degree of acceptance in countries around the world. Although the IASC came to include some organizations representing preparers and users of financial statements, it largely remained an initiative of the accountancy profession. On 1 April 2001, it was replaced by the International Accounting Standards Board (IASB), an independent standard-setting body. The IASB adopted the extant corpus of IAS which it continued to develop as International Financial Reporting Standards.

reference

Full Form	Category
International Arctic Service Committee	Academic & Science
International Association for Statistical Computing	Academic & Science
Institut Aéronautique et Spatial du Canada	Academic & Science
Canadian Aeronautics and Space Institute	Academic & Science
International Accounting Standards Committee	Accounts and Finance
Inspection and Audit Sub-Committee	Banking
International Association of Skateboard Companies	Business
Itasca Area Schools Collaborative	Community
Illinois Association of Snowmobile Clubs	Community
Indiana Association of Student Councils	Community
Illinois Association of Student Councils	Community
Institute for Advanced Study Computer	Computing
Inter-Agency Standing Committee	Governmental
International Aloe Science Council	Governmental
International Aviation Services Centre	International
International Astronomical Search Collaboration	International
International Arctic Science Committee	International
International Association for the Study of Controversies	International
International Association for the Study of the Commons	International
Interagency Standing Committee (un)	Military and Defence
Interim Acting Service Chief	Military and Defence
Introducing Australia Studies Centre	Regional