Implications of IFRS in the Indian corporate sector
M. Madhu LalG. Raju
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Implications of IFRS in the Indian corporate sector

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The reporting practice based on the Indian Accounting Standards (IAS) which is followed by Indian corporate has been going to converge with global level standards, i.e., International Financial Reporting Standards (IFRS). In this situation the authors tries to understand the implications and the necessity of implementation of IFRS in India, and an effort is also made to understand the status of implementation of IFRS in other countries of the world. While adopting the convergence programme each country may face some obstacles and difficulties. The authors in this study makes an attempt to perc...