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How difficult is it to converge Indian Accounting Standards with IFRS?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 kruthika asked over 2 years ago

How difficult is it to converge Indian Accounting Standards with IFRS?

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3 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 acharya answered over 2 years ago

However, every corporate has to take the necessary step in understanding the new standards, training its staff and paving a smooth transition. The management at the top level should take interest in this regard.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 veeru answered over 2 years ago

It will not be difficult because we have always been following good standards of accounting.

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Open uri20170510 32134 1ue0f38?1494421710 rohit agarwal answered over 2 years ago

How difficult is it to converge Indian Accounting Standards with IFRS? It will not be difficult because we have always been following good standards of accounting. However, every corporate has to take the necessary step in understanding the new standards, training its staff and paving a smooth transition. The management at the top level should take interest in this regard.

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