India

Tracking IFRS newsletters

Deloitte India publishes its 'Tracking IFRS' newsletters on a regular basis, providing insights into global acccounting developments and their impacts on Indian companies. We post on IAS Plus the externally available isues of this newsletter.

 

Issue Date Topic PDF size
9 March 2011 Ind AS vs. IFRS: Overview of key differences (replaces earlier Issue 8 on the same topic) 286k
8 February 2011 Ind AS vs. IFRS: Overview of key differences
(replaced by Issue 9 after the final Ind AS were published)
3 September 2010 Exposure draft on Leases 1,384k
2 September 2010 First-time adoption: IFRS 1 vs. Indian IFRS 1 - Convergence made easy
(withdrawn as the relevant previous Ind AS exposure draft has been revised significantly; an up-to-date comparison is included in Issue 8)
1 August 2010 Exposure draft on revenue recognition 485k

Related news

  • Sustainability and integrated reporting update

  • Feb 14, 2012

  • A summary of recent developments in sustainability reporting, integrated reporting and related topics, focused on developments from the Global Reporting Initiative (GRI), a report from CPA Australia and a survey from the Carbon Disclosure Standards Board.

  • Private sector task force final report to G20

  • Oct 07, 2011

  • The Private Sector Task Force of Regulated Professions and Industries has published a final report, Regulatory Convergence in Financial Professions and Industries, to the deputies of the G20. The report focuses on the private sector's point of view in regards to global regulatory convergence.

  • Emerging Economies Group established

  • Aug 02, 2011

  • On 26 July 2011, the Emerging Economies Group (EEG) of the International Accounting Standards Board (IASB) was established in Beijing. EEG founding members are all emerging economies from the G20 and Malaysia.

  • Private sector task force interim report to G-20

  • Jul 19, 2011

  • The Private Sector Task Force of Regulated Professions and Industries has published an interim report, Regulatory Convergence in Financial Professions and Industries, to the deputies of the G-20. The report focuses on the private sector's point of view in regards to global regulatory convergence.

  • More than 70 jurisdictions apply ISAs

  • Jul 11, 2011

  • On June 30 2011, Prof. Arnold Schilder, the Chairman of the IAASB, delivered a speech on global progress in the use of the Clarified International Standards on Auditing (ISAs) at the 2011 annual conference on Accounting and Accountability for Regional Economic Growth in Latin America and the Caribbean (referred to as CReCER after its Spanish/Portuguese acronym).

  • A Driving Wind for IFRS from Asia-Oceania

  • Jun 08, 2011

  • The Asian-Oceanian Standard-Setters Group (AOSSG) has published today "A Vision Paper of the Asian-Oceanian Standard-Setters Group 2011 — A Driving Wind for IFRS from Asia-Oceania".

  • Call for unmodified IFRS option in India

  • May 26, 2011

  • IASB Board Member, Mr. Prabhakar Kalavacherla (PK), has called for India to consider allowing Indian companies the option of using full IFRS in financial statements.

  • G20 finance ministers will watch convergence efforts

  • Apr 16, 2011

  • The G20 Finance Ministers and Central Bank Governors met in Washington DC on 14-15 April 2011. They agreed, among other things, to closely watch the progress of the IASB and FASB's convergence efforts.

  • ICAI publishes near final drafts of Indian Accounting Standards

  • Jan 17, 2011

  • The Institute of Chartered Accountants of India (ICAI) has published near final Indian Accounting Standards (Ind ASs) finalised by the Council of the ICAI and sent to the Indian National Advisory Committee on Accounting Standards (NACAS).

  • India-Japan Joint Working Group on IFRS

  • Jul 30, 2010

  • Various government and accounting organisations from India and Japan have formed the India-Japan Joint Working Group as a common platform between the two countries to discuss IFRS-related matters.

  • Reserve Bank of India to address IFRS implementation issues in banking sector

  • Jul 22, 2010

  • The Reserve Bank of India has set up a working group to address "...implementation issues and facilitate formulation of operational guidelines in the context of International Financial Reporting Standards (IFRSs) convergence for the Indian banking system." The group will address the following issues: Classification and measurement of financial assets Classification and measurement of financial liabilities and hedge accounting, including balance sheet issues of corporates and their implications.Amortised cost and impairmentFair value measurement Presentation, disclosures and balance sheet formats Derecognition, consolidation and residuary issues Click here to view the press release. .

  • Indian IFRS convergence update

  • Jul 05, 2010

  • The Indian Ministry of Corporate Affairs has adopted dates for the convergence of Indian Accounting Standards with IFRS for insurance companies, banks and non-bank financial institutions and clarified a number of matters.

  • Indian IFRS update

  • Apr 06, 2010

  • Consolidated financial results may be submitted to the SEBI using IFRSs

  • Roadmap for transition to IFRS-converged Indian standards

  • Feb 08, 2010

  • The Ministry of Corporate Affairs of India has adopted a plan for phased transition to 'notified Indian standards that have been converged with IFRS' (notified standards) by listed and large Indian companies, other than banks and insurance companies.

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