Central Government has notified National Financial Reporting Authority Rules' 2018 dated 13/11/2018 and shall come into force on the date of their publication in the official Gazette. Such Authority shall have power to monitor and enforce compliance with accounting standards and auditing standards, oversee the quality...
Backdrop to the research The fiscal year 2016-17 promises to be a watershed moment for financial reporting by Indian corporates. After much delay and deliberation Indian Inc. embraced to a bespoke version of International Financial Reporting Standards (‘IFRS’) aka IND AS. The IND AS were...
