Indian accounting body recommends banks implement IFRS in 2015

04/29/2013 | Economic Times (India), The

The president of the Institute of Chartered Accountants of India said his accounting body recommended that Indian banks not implement International Financial Reporting Standards until 2015. The ICAI earlier made its recommendations for the implementation of IFRS standards by all Indian companies by 2017, but that did not include banks, insurance companies or non-bank financial companies.

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Economic Times (India), The