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Byline: K.R. Srivats
Corporate India may get more time to prepare itself for the adoption of the Indian version of international financial reporting standards (IFRS), popularly known as Ind AS.
The chartered-accountancy institute is going to suggest to the Government that Ind AS be implemented from April 1, 2013 and not April 1, 2011 as planned.
The Centre is yet to notify the date from which Ind AS should be implemented, although the standards have already been put up on the Web site of the Corporate Affairs Ministry.
aoeOur central council has few days back taken a decision to suggest to the Corporate Affairs Ministry that Ind AS be implemented …