Standards are a set of rules that are aimed at making accounts more consistent, comparable and thereby bringing in a harmonization of accounting policies and principles and practices that, in turn, are expected to enhance corporate governance and responsibility. One of the recent developments in the field of standard setting is the India Accounting Standards, converged with IFRS.
Idea of global harmonization of accounting standards stems from lack of comparability of financial statements across the countries. The main fascination with adoption or convergence is sound business sense. Increasing cross border investing has posed a challenge to companies as they face multiple standards. Convergence can greatly contribute to the efforts to build global financial reporting infrastructure.
To address the many aspects & emerging issues related to Ind AS, ASSOCHAM is organizing a National Seminar on “Indian Accounting Standards – Issues and Challenges in Implementation” on 15th May, 2015, at Hotel Le – Meridien, New Delhi. The Seminar is designed specifically to provide an understanding of the new concepts and requirements for the professionals and the corporates. The Seminar will provide an opportunity for participants to hear from regulators, policy makers, professional firms, corporates on the latest issues, and challenges in implementation of New Accounting Standards.
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