Dear friends,
I want to make my career in Audit so pls. suggest me whether i should do IFRS or not????
Is IFRS means Revised Indian Accounting Standard????
I want to work in India only.....
Pls. Help
Thanks & Regards,
Deepak G
2 Replies
Dhanya Rose
(Student)
(147 Points)
Replied 05 January 2012
Yes, quite annoyingly, we have to learn them all.
IFRS is not revised indian standards. they are international accounting standards.
But soon Indian firms/companies will be following them and in the audit career you surely need them.
Read it slowly and comprehend them yourself. Attending seminars on the same after you have read about them would equip you more surely. Begin reading IFRS soon coz the day you'd need it you wouldnt have enough time to read them all.
The silver lining is the international standards on auditing. The indian SAs are just like the ISAs...I am not sure about the contents but almost everything single standard - name and number is the same! so that leaves you with IFRS but knowledge of indian standards will help you learn IFRS. The contents are not entirely similar. So you need detailed reading.
Rawat
(ACCA)
(175 Points)
Replied 23 January 2012
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