INDIA TAKES THE PLUNGE WITH IFRS
August 1st, 2014
Indian accountants are once again preparing to adopt International Financial Reporting Standards (IFRS) after announcement by the new Bharatiya Janata Party (BJP)-led government. But major corporations and their accountants are wary, having wasted resources five years ago when the previous Indian National Congress Party-led government abandoned similar plans at the last moment.“Last time, we got lot of assignments to prepare companies for IFRS but then all the dates flipped,” said Harinderjit Singh, a senior partner at Price Waterhouse India, the Indian ...
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