International Financial Reporting Standards

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....nternational Financial Reporting Standards <br>News and Press Release<br>Dated:- 19-12-2014<br><BR>The Finance Minister in the Budget speech 2014-15 announced that the Indian Accounting Standards (Ind....

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.... AS) i.e. accounting standards based largely on with International Financial Reporting Standards (IFRS) shall be applied by Indian Companies from F.Y. 2015-16 voluntarily and from F.Y. 2016-17 on a ma....

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....ndatory basis. Implementation of Ind AS for banks, insurance companies and NBFC's shall be announced at a later date by their respective regulators. Necessary steps to implement this decision are unde....

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....r way. This was stated by Shri Arun Jaitley, Minister of Corporate Affairs in written reply to a question in the Lok Sabha today.<BR> News - Press release - PIB....