Business, Management and Accounting
3 years ago

India's Accounting Standards Harmonization Boosts Transparency and Investor Confidence

2 views
SSRN Electronic Journal
Harmonization of Accounting Standards in India
N Abhishek, M. S. Divyashree

Paper Summary

Accounting in India is being standardized to match global standards through the implementation of IFRS-based IND AS since 2016. This move aims to ensure accurate and transparent financial reporting for businesses. The new standards provide a common framework for recording and communicating financial information, benefiting stakeholders like investors and regulators. The adoption of IND AS has opened up opportunities for research and improvement in India's financial reporting system.

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