Changing over from GAAP to IFRS-1: Are we ready yet?

Miss Komal Mantri (Chartered Accountant ) (1974 Points)

16 August 2008  

On introduction of new accounting standards, the regulators have two options,

either to provide a single implementation date (say, April 1, 2011 for all new standards) or

provide multiple implementation dates for different standards based on difficulty in implementation (say, 2009, 2010 and the remaining by 2011).

What is your view point?? whether to implement all together on apr 2011 or gradual implementation??