In the world of accounting, IFRS is the new milestone, which will sooner become a common language for the globe. Reading finance codes will be at a single platform. To step up, our Government has mandated IFRS reporting for certain companies.
For global business entities, it will be very beneficial that they can see their financial results using same approach, thus more useful in terms of information for both investors and decision makers.
Sooner or later the coverage will be on more and more companies, and no dream that one day we will be mandatorily be following IFRS for all companies. Our dedicated team at Ruchi Anand & Associates has good exposure on the convergence and our client from around the world seek our advise and reports on this matter.
A streamlined and customized transformation is our specialty at this with even a good support post-convergence. Entities benefit in terms of accounting, tax and even Human Resources.