The International Accounting Standards (IAS) were indeed the predecessors to the International Financial Reporting Standards (IFRS), they are not exactly the same, and IFRS is now the dominant standard. the term "International Accounting" might still be used broadly, the specific standards in use are primarily IFRS. The transition from IAS to IFRS represents a significant step towards global harmonization and improved financial reporting.

IFRS has become the dominant framework, but "international accounting" as a field is broader. It encompasses not just the application of IFRS but also the comparison, reconciliation, and management of different accounting practices globally. The U.S. using GAAP is a key example, but there are other nuances too, like local adaptations and other regional standards. Therefore, international accounting still exists and is more comprehensive than just IFRS adoption. While IFRS has largely replaced competing international standards (e.g., the old IAS), international accounting as a field remains vital. It encompasses not just IFRS application but also the management of diverse regulatory environments, reconciliation of standards, and operational challenges in global business. The U.S. GAAP divergence is a major example, but the discipline extends far beyond this single exception