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IFRS

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(Querist)
28 May 2010 Hai Friends,
Whether IFRS is alternative or addition to existing accounting standards....
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CS Richa Sharma

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CS Richa Sharma (Expert)
28 May 2010 Listed companies and public interest entities in the country are required to transit from the Indian accounting standards to IFRS by April 1, 2011.
Indian Accounting Standards (IAS), currently followed by companies here, will converge with IFRS by April 2011.
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