Updated overview of Ind AS
27 Sep 2016
The Institute of Chartered Accountants of India (ICAI) has published 'Indian Accounting Standards (Ind AS): An Overview (Revised 2016)'.
The publication offers an overview of various aspects of Ind AS, which are largely converged with International Financial Reporting Standards (IFRSs):
- Roadmap for Ind AS application;
- Carve-outs from IFRS/IAS;
- Changes in financial reporting under Ind AS compared to financial reporting under existing Indian accounting standards;
- Summary of all the Ind AS including recent amendments to Ind AS.
The publication can be downloaded free of charge from the ICAI website.