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IND AS Advisory

  • Bringing expert global and local knowledge to your accounting environment.
  • Global capital markets are increasingly getting integrated and businesses are growing internationally. International expansion plans may involve cross-border acquisitions or joint ventures abroad, raising international debt finance, developing relationships with private equity houses or raising capital from the equity markets, whether in India or abroad.
  • In India, Ministry of Corporate Affairs (MCA) has notified phase-wise convergence of Indian Standards with IFRS which are known as Indian Accounting Standards (Ind AS). These standards have become effective from financial year 2016-17 and in Phase I, were applicable to all listed companies and companies having net worth exceeding Rs.500 crores. Any company may voluntarily comply with Ind AS for accounting periods beginning on or after 1 April 2015.

In this area, we provide the following support services :

  • Ind AS adoption
  • Assistance in analysis of difference between Indian GAAP (generally accepted accounting principles) and Ind AS
  • Assistance in implementation of identified changes for convergence to Ind AS
  • Assistance in compilation of financial statements under Ind AS
  • Assistance in identifying / deciding new policies / procedures required to be implemented of under Ind AS
  • Training your staff on key Ind AS concepts and requirements
  • Ind AS consultancy on technical issues
 
     
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