Ias

Instead, its members agree to use their best endeavors: 1. To ensure that published financial statements comply with IASs in all material respects...;

This section looks at past surveys of compliance with international accounting standards. It is important here to distinguish between de jure conformity (of the rules of the country with IASs) and de facto compliance (of the financial reporting of a particular company with IASs).

IOSCO refused to endorse all the revised IASs for cross-border securities listings.