Ind
AS conversion is a strategic issue. The board of directors and
management need to explain to the stakeholders on changes and impact
arising from the Ind AS conversion. Ind AS effects all the verticals of
the company and it should be well planned.
If there
is one thing you can take from reading this blog, it is: Develop your Ind AS
implementation roadmap soon.To kick off
this roadmap, we suggest that you ask your team a few preliminary questions.
The answers to these questions should help you gauge the potential effect of Ind
AS on your company. For example:
- Have we identified main differences between Ind AS and Indian GAAP?
