What is the difference between Convergence with IFRS and Adoption of IFRS? India is going for Convergence of its AS with IFRS or for adoption of IFRS in toto.
Menu
Convergence Vs Adpotion
Replies (1)
The adoption of IFRS means that the SEBI sets a specific agenda when publicly listed companies would be required to use IFRS.
Convergence is the Indian Accounting Accounting Standards Board and the International Accounting Standards Board (IASB) working together to develop well-matched accounting standards over time.
Recent Threads
- Un claim ITC
- Form 49AA - OCI card holder applying for PAN card
- Section 54f and Sale between father and Son.
- Demat of shares of private limited company
- Income only with share market around 5-6 lack
- Missed GST Reporting for March 2025
- Future and Option Turnover
- Outstanding demand
- Error in filing income tax return
- DRAFT - DIRECTOR's REPORT OF BASE LAYER NBFC
Related Threads
CAclubindia
