I would like to know, in what way the revised schedule VI has paved way for IFRS covergence, a step towards it.
I would request the CCItes to enlighten us on this..
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Revised schedule vi & ifrs convergence
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mostly v follow gaap,bt ifrs international finance reporting standard ,it is the standard to b followed all over the world for common practicing of acc std.it vl b mandatory in india frm 2013...
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