But India in no hurry to converge with IFRS

Last updated: 26 May 2021

Author : DNA Business Bureau Content : The announcement by the Institute of Chartered Accountants of India (ICAI) in July last year notwithstanding, India may stop short of full convergence with the International Financial Reporting Standards (IFRS), issued by the International Accounting Standards Board. Anurag Goel, the secretary, ministry of corporate affairs has said recently that the country will not adopt it blindly. We will retain the rights to look at IFRS, to adopt or adapt it looki
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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