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New accounting standards for insurance notified, raise investment chancesThe Ministry of Corporate Affairs has introduced new accounting standards for insurance contracts, harmonizing them with global norms. Thes...- Set high sustainability standards to enable reporting with integrated thinkingOn June 23, one of the most path-breaking events in the world of sustainability reporting took place - the International Financial Reportin...
- NFRA reviews proposals for new accounting standards for insurance contractsNFRA will share its recommendations with the ministry of corporate affairs, which will consider the Ind AS 117 and notify the standards und...
- Irdai defers Ind-AS implementation to April 2020The authority has approved the regulatory override whereby the implementation of Ind-AS in the insurance sector has been deferred by two ye...
- NACAS asks government to defer Ind AS 115 implementationApex accounting advisory panel NACAS has asked the government to postpone implementation of a key revenue recognition standard.
- Breather for India Inc: NACAS gives nod for deferral of new Accounting StandardsThe NACAS or the National Advisory Committee on Accounting Standards has decided to defer the implementation of Ind AS 115.
- India likely to defer adoption of new accounting standard 'Ind AS 115'India is likely to defer the adoption of new accounting standard on revenue recognition (known as Ind AS 115) as more consultation is neede...
- ICAI working on changes to Indian Accounting StandardsAmong the finalised Ind ASs include those related to consolidated financial statements, fair value measurement and employee benefits.
- If India adopts IFRS, its voice in global market will be heard more: Hans Hoogervorst, Chairman, IASBThis will prove a boost to India since the country's economic model is based on influx of foreign capital, Hoogervorst tells ET in an inter...
- ICAI may look at adopting IFRS in long termIndia could look at adopting international accounting standards IFRS in the long term based on how the converged norms work out, according ...
- Only 38% Indian companies wish change in global revenue recognitionIASB and the Financial Accounting Standards Board (FASB) are developing a joint proposal for converged revenue recognition standard.
- Only 53% of Indian businesses aware of new international accounting standardsOnly 53 per cent of Indian businesses are aware of the impending global changes in the existing accounting standards that will impact the w...
- For IRDA, one-size-fits-all IFRS guidance a challengeThe roadmap issued by MCA requires all insurance companies to apply International Financial Reporting Standards (IFRS) starting from April ...
- Converging with IFRS: No need to rushIndia's move to converge with the International Financial Reporting Standards (IFRS) in a phased way starting April 1, 2011 is pragmatic an...
- Heat now on accounting reformsTop central bankers increased pressure on Monday for speedy reform of an accounting rule blamed for amplifying the credit crunch and warned...
- Easier book-keeping norms for SMEs on cardsThe government could allow small and medium enterprises to follow a watered-down version of the new global accounting standard.
- India Inc reviews IFRS for fool-proof accounting standardsIndia Inc appears keen to respond to the Institute of Chartered Accountants of India’s (ICAI) call to implement globally accepted Internati...
- 'Set up trusts to fund future benefits’Kulin Patel, who heads the Indian arm of Watson Wyatt - a global employee benefits, insurance and financial services consulting firm - spok...
- Industries ready to adopt IFRS: ICAISeveral industries in Gujarat and other parts of the country are planning to adopt the International Financial Reporting Standards (IFRS), ...
- India to adopt global accounting standards by 2011: ICAIIndia will adopt the globally accepted International Financial Reporting Standards (IFRS) by 2011, a move that will integrate the accountin...
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