Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: Central Excise rule to resale the machines to a new company :: TDS :: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: empanelment :: VAT Audit :: VAT RATES :: list of goods taxed at 4% :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD :: cpt :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4%
 
 
News Headlines »
 How to respond to a tax notice under section 143
 Income-tax (22nd Amendment) Rules, 2017
 All about Exports under GST
 Have you missed the due date of filing your Tax Returns?
 What you should know about income tax refunds
 Income tax scrutiny to remain limited despite surge in returns filed
 Regarding Filing of online return for first quarter of 2017-18 extension upto 01-09-2017
 Deadline to file returns extended to 28 August for biz with transitional
 GST input tax credit form
  How to rectify income tax returns
 Govt extends tax exemption for industry in North East, hilly states

'Proposed IFRS will lure large number of students to CA'
September, 19th 2008

The proposed setting up of an International Financial Reporting Standard (IFRS) in Indian companies by the Institute of Chartered Accountants of India (ICAI) would lure a large number of students to take up chartered accountancy, a senior offici al of KPMG said.

Mr Jamil Khatri, executive director of KPMG which does auditing in India through BSR & Co. said that more people in India would take up accounting since the convergence of accounting standards across the globe was gaining momentum.

While the International Accounting Standards Board (IASB) and US Financial Accounting Standards Board (FASB) were working closely on converging IFRS and Generally Accepted Accounting Standards in US (US GAAP), the ICAI has released a 'Concept Paper on Co nvergence with IFRS in India', which details the strategy and road map for convergence of Generally Accepted Accounting Standards in India (Indian GAAP) with IFRS with effect from April 1 2011.

More than 7,000 listed companies in India are likely to adopt IFRS before April 2011. Therefore, more and more chartered accountants would be required to do the job, he said, adding that this was a huge opportunity for Indian chartered accountants to l ift their status.

Apart from this, more students would also take up accounting as their profession, he said. Currently, there are about 1.5 lakh chartered accountants in our country, he said adding this figure would increase once the convergence momentum increases. BSR & Co. partner Mr Sethuraman Sivaramakrishnan said the implementation of IFRS will have a significant impact on the financial position and performance of companies.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Article Management Solutions System Article Management Software S

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions