IFRS CONVERGENCE & REPORTING :
   
 India has set up a roadmap for convergence with International Financial Reporting Standard. The convergence with IFRS is set to change the landscape for financial reporting in India. IFRS represents the most commonly accepted global accounting framework as it has been adopted by more than 100 countries and accounting bodies across the globe are aligning their existing accounting standards and /or issuing new accounting standards to confirm with IFRS. India being one of the key global players , migration to IFRS will enable Indian entities to have access to international capital market without going through the cumbersome conversion and filing process.  
 
   
 We can assist in various ways in an entity's IFRS conversion process including :  
 
  • Performing end to end conversion from local GAAP to IFRS/US GAAP
  • Conversion from International GAAP to Indian GAAP for Indian Consolidation.
  • High level Diagnostic review of GAAP Difference.
  • Assist with drafting IFRS/ US GAAP financial statments.
 
     
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