While banks are heaving a sigh of relief as they get more time to gear up, investors and analysts are somewhat disappointed by the delay.

Various industry players and sectoral experts cite taxation issue as the most teething concern coupled with the impact on solvency, determi...

India has changed its accounting standards from GAAP to Ind-AS, which is on a par with International Financial Reporting Standards (IFRS), ...

India is changing its accounting standards from GAAP to Ind-AS, the latter is on a par with IFRS from April next year.

RBI today said it has recommended a road map to the Ministry of Corporate Affairs for implementation of Indian Accounting Standards (Ind-AS...

From April next year all Indian companies are mandatorily required to follow Ind-AS, an accounting standard close to the global level (IFRS...

The ministry had announced the Ind AS roadmap. Banking, insurance and non-banking finance companies are exempted from the roadmap.

The new standards will initially be applicable for large companies that can voluntarily start adopting them in the next fiscal year startin...

The report will specify certain carveouts or exceptions since India is only converging with IFRS and not adopting the norms entirely.

The blueprint will prescribe the class of companies that will be required to follow the new standards and the timelines.

India Inc is gearing up for transition towards a new set of accounting standards for preparing financial statements.

Experts point out that intervening period may be insufficient for firms to converge with global norms.

In his Budget speech FM said that the converged accounting standards will become mandatory from FY 2016-17.

Only 53 per cent of Indian businesses are aware of the impending global changes in the existing accounting standards that will impact the w...

Despite apprehensions about companies conforming to IFRS when declaring their earnings, experts in the field of merger and acquisition feel...