ind as and ifrs

Ind As is indian As while IFRS is UK AS.... Ind AS is converged form of IFRS.... we don't adopted IFRS as it.... Modify accordingly indian economy

 In simple terms, Convergence with IFRS means that India would not be applying the IFRS as issued by the International Body but would try to get its own accounting standards in snyc with the International Financial Reporting Standards. And these synced Indian Accounting Standards are popularly referred to as ‘Ind-AS’.