Books of accounts of any organisation provide a basis for taking any financial decision, therefore it's important to ensure recording of correct and complete financial transactions as per International Accounting Standards (IASs) or International Financial Reporting Standards (IFRSs). So, every business needs to have an enhanced accounting and book-keeping system to ensure that financial statements of a business give a true and fair view of its financial position and performance, and are also prepared in compliance with local laws, IASs & IFRSs.
