Converged Accounting Standards
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 March 2011
I am looking for new Accounting standards based on IFRS.
Vivek Raju P
(Expert)
15 March 2011
These are available on the ICAI website, you can download them from there
CA Ravi Sisodia
(Expert)
15 March 2011
Indian Accounting Standards Converged with IFRS
The Ministry of Corporate Affairs has notified convergence of 35 Indian Accounting Standards with International Financial Reporting Standards (henceforth called IND AS) on February 25, 2011.
These are: IND ASs 1, 2, 7, 8, 10, 11, 12, 16, 17, 18, 19, 20, 21, 23, 24, 27, 28, 29, 31, 32, 33, 34, 36, 37, 38, 39, 40, 101, 102, 103, 104, 105, 106, 107 and 108. (available on the MCA website at the link https://www.mca.gov.in/Ministry/accounting_standards.html)
The date of implementation of the IND AS will be notified by the Ministry at a later date.
The Ministry of Corporate Affairs has notified convergence of 35 Indian Accounting Standards with International Financial Reporting Standards (henceforth called IND AS) on February 25, 2011.
These are: IND ASs 1, 2, 7, 8, 10, 11, 12, 16, 17, 18, 19, 20, 21, 23, 24, 27, 28, 29, 31, 32, 33, 34, 36, 37, 38, 39, 40, 101, 102, 103, 104, 105, 106, 107 and 108. (available on the MCA website at the link https://www.mca.gov.in/Ministry/accounting_standards.html)
The date of implementation of the IND AS will be notified by the Ministry at a later date.
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