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Ifrs

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(Querist)
28 December 2012 Whats the Difference between IND AS and IFRS/IAS?
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CA Hardik Bunha

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CA Hardik Bunha (Expert)
28 December 2012 ind as is based on standard on auditing and accounting standard accepted in india while IFRS is a common accepted in worldwide, generally USA based companies prefer IFRS.
some AS and IFRS is different like object, procedure, etc.
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BHAWNA NATHRANI

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BHAWNA NATHRANI (Querist)
29 December 2012 sir, Actually whats the use of Ind AS and as well as Accounting standards we study in our courses. Why these two terms are used
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