Updated overview of Ind AS

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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.

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