Implementation of Indian Accounting Standards (Ind AS) for insurance companies has been saved
Article
Implementation of Indian Accounting Standards (Ind AS) for insurance companies
Compiled by Deloitte Touche Tohmatsu India LLP, this publication sets out the significant features of the Insurance Regulatory and Development Authority of India (IRDA) circular, “Implementation of Indian Accounting Standards (Ind AS)”, requiring insurance companies to prepare and execute the implementation in advance of the applicability date.
This circular is issued pursuant to a press release issued by the Ministry of Corporate Affairs (MCA) on the roadmap for implementation of Ind AS by banks, non-banking finance companies (NBFCs) and insurance companies.
Ind AS in Focus: Insurance companies