The standards set by the IASB are the authoritative requirements of international financial reporting, but their interpretation and practical application require something more...and that is why "International GAAP[registered] 2007" is needed to provide that interpretation and guidance on the practical application of the new reporting regime. "International GAAP[registered] 2007" goes much further than explanation. It interprets the standards, sets them in context and gives insights into how difficult practical issues should be approached in the real world of financial reporting. "International GAAP[registered] 2007" is indispensable for anyone involved in preparing, interpreting or auditing company accounts and for all students of accountancy. "International GAAP[registered] 2007" is also available online in a package that includes all the IASB's standards and pronouncements, real sets of IFRS-reporting company accounts, and Ernst and Young's IAS specimen financial statements.