Business, Management and Accounting
3 years ago

India Adopts Global Accounting Standards, Boosting Transparency and Investor Confidence

1 view
Journal of Emerging Technologies and Innovative Research
A conceptual Study on Converged Indian Accounting Standards (Ind AS)
K Kalavathi

Paper Summary

The article discusses the current status of Indian Accounting Standards (Ind AS) being aligned with International Financial Reporting Standards (IFRS). Indian entities were required to adopt Ind AS voluntarily from April 2015-16 and mandatorily from April 2016-17. Entities meeting certain criteria are now using Ind AS for financial reporting. The paper covers the process, developments, and current status of this convergence.

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