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Ifrs

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(Querist)
29 July 2012 what does ifrs means and when they will be applicable.Will GAAP and existing AS will be replaced by ifrs.Kindly send me format of financial statements made under ifrs
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Sanjay Chauhan (IFRS)

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Sanjay Chauhan (IFRS) (Expert)
31 July 2012 IFRS is International FInancial Reporting Standards.

Indian GAAP is under the convergence process to IFRS.

You may download the financials under IFRS from Google. Vedanta Resources Plc, Essar Energy Plc, etc..

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