IFRS Consulting
IFRS convergence is likely to take place by 1st April 2011 in India and comparatives to be developed by 1st April 2010 (i.e., by 31st March 2010). Therefore management has to be ready by 31st March 2010 and not in 2011.
There are differences between Indian Accounting Standard and IFRS (International Financial Reporting Standard). It would a big task to tune a balance sheet prepared as per Indian Accounting Standard to that of an IFRS based balance sheet
A Group consultants at Astral are working towards aligning the business processes and reporting requirements for meeting the IFRS Requirements. Certainly, we can help you to comply with IFRS requirements by doing the gap analysis against the requirements and support organization to prepare themselves to implement the process required for same
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Benefits
- A continuous monitoring mechanism is mounted to track the outcome of the exercise.
- For effective monitoring of financial reporting process
- To ensure proper allocation of cost
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