Ind AS-IFRS Convergence

Dear Friends,

Attached are the near final Indian Accounting Standards (Ind ASs) finalised by the Council of the ICAI and sent to the National Advisory Committee on Accounting Standards (NACAS). These are subject to any changes, which may be made by the Government before their notification. Any changes in the Ind AS vis. a vis. corresponding IAS/IFRS are given in Appendix 1 appearing at the end of each Ind AS. Ind ASs will be India's version of IFRS to be implemented. These are Indian Accounting Standards converged to IFRS.