*1. Adherence to International Standards:

• Applying and adhering to international accounting standards such as IFRS (International Financial Reporting Standards) helps create consistency and global relevance in financial reporting.*

*2. Transparency and Truthfulness in Reporting:

• Accounting standards require transparency and truthfulness in reporting the financial position of a business, aiding investors and stakeholders in gaining a clear understanding of business operations.*

*3. Identification of True Value of Assets and Liabilities:

• Accounting standards mandate the identification of the true value of assets and liabilities, ensuring accuracy and fairness in the balance sheet.*

*4. Evaluation and Prevention of Financial Abuse:

• Implementing rigorous evaluation methods helps prevent financial abuse and ensures that the provided information is reliable.*

*5. Protection of Consumer and Investor Rights:

• Accounting standards aim to protect the rights of consumers and investors by ensuring that financial information is disclosed fully and accurately.*

*6. Enhancement of Social Responsibility:

• Adhering to accounting standards is not only a legal obligation but also an expression of social responsibility towards the community and the environment.*

*7. Creating a Platform for Strategic Management:

• Accounting standards are not just reporting tools but also a crucial platform for strategic management, assisting businesses in making decisions based on reliable data.*

Compliance with accounting standards is not only a legal requirement but also an opportunity for businesses to build credibility and trust within the global business community.