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How is International Institute for Species Exploration (Arizona State University; Tempe, AZ) abbreviated? IISE stands for International Institute for Species Exploration (Arizona State University; Tempe, AZ). IISE is defined as International Institute for Species Exploration (Arizona State University; Tempe, AZ) frequently.
A: To answer this question, we must first define what IAS and GAAP are, in order to get a better grasp of the function they serve in the world of accounting. The acronym IAS stands for International Accounting Standards.This is a set of accounting standards set by the International Accounting Standards Committee (IASC), located in London, England.The IASC has a number of different bodies, the main one being the International Accounting Standards Board (IASB), which is the standard-setting body of the IASC.The acronym GAAP stands for Generally Accepted Accounting Principles. The IASC does not set GAAP, nor does it have any legal authority over GAAP.: To answer this question, we must first define what IAS and GAAP are, in order to get a better grasp of the function they serve in the world of accounting. The acronym IAS stands for International Accounting Standards.