To Be Or Not To Be...
The Tally Mirage
India is in the throes of adapting to a new accounting regime
- FRS bringing in a new world order in accounting. India to adopt it by 2011.
- Process of convergence has begun with new disclosure norms for derivatives
- New standards on asset evaluation and disclosures will be a challenge for India Inc
- Many firms lukewarm to the norms even as those with global presence are tuning in
- Regulatory approvals from bodies like RBI, SEBI and IRDA could take time
***
D
Published At:
Tags