https://www.taxtmi.com/acts?id=55579 Unincorporated International Financial Service Centre Insurance Offices must prepare financial statements under accounting standards applicable to their parent entity. Incorporated offices must follow accounting standards issued by the Institute of Chartered Accountants of India, with cash flow statements prepared only through the Direct Method, segment reporting under Accounting Standard 17 irrespective of listing or turnover conditions, and no application of Accounting Standard 13 on investments. The Authority may require transition to IFRS or another accounting standard. en-us Mon, 21 Sep 2026 13:22:31 +0530 Mon, 21 Sep 2026 13:22:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=55579 Unincorporated International Financial Service Centre Insurance Offices must prepare financial statements under accounting standards applicable to their parent entity. Incorporated offices must follow accounting standards issued by the Institute of Chartered Accountants of India, with cash flow statements prepared only through the Direct Method, segment reporting under Accounting Standard 17 irrespective of listing or turnover conditions, and no application of Accounting Standard 13 on investments. The Authority may require transition to IFRS or another accounting standard. Act-Rules Indian Laws Mon, 21 Sep 2026 13:22:31 +0530 https://www.taxtmi.com/acts?id=55579