Ind AS considerations for Boards and Audit Committee

Insights

Ind AS considerations for boards and audit committee

In order to support important board and audit committee activities, and to help directors stay current, this publication provides an important emerging topic for board and audit committees.

On 2 January, 2015, the Ministry of Corporate Affairs (MCA) has issued a Press Release “Road Map Revised for Implementation of Indian Accounting Standards for Companies Other Than Banking Companies, Insurance Companies and NBFCs…” that sets out the revised roadmap for implementation of Indian Accounting Standards (referred to as “Ind AS”). Ind AS are the Indian Accounting Standards that are converged with the IFRS subject to a few carve outs/carve ins.

It is expected that the Government will issue shortly the desired roadmap on implementation of Ind AS and the revised/new Ind AS for use by entities. In order to support these important board and audit committee activities, and to help directors stay current, this publication provides an important emerging topic for board and audit committees.

Did you find this useful?

Related topics