Corporate News June 2016 - Acquisory Bulletin

Chandni Ansari12 Aug, 2025Business

India has chosen a path of International Financial Reporting Standards (IFRS) convergence rather than adoption. Hence, Ind – AS are primarily based on the IFRS issued by the International Accounting Standards Board (IASB). However, there are also certain general differences between Ind – AS and IFRS: • The transitional provisions given in each of the standards under IFRS have not been given in Ind-AS, since all transitional provisions...