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4th National Seminar on Indian Accounting Standards

  • 26 Nov, 2021
  • 11:00 AM - 05:00 PM

The Indian Accounting Standards (Ind AS), as an important part and parcel of regulatory and compliance mechanisms under Companies Act 2013, set out overall requirements for the presentation of financial statements, guidelines for their structure and minimum requirements for their content. The main objective of InD AS is to ensure transparency, reliability, consistency, comparability, presentation, and proper disclosure of the financial statements. 

Ind ASs have been adopted to globally enhance the comparability of financial information of companies operating in India. This notable development by ASB has witnessed several phase wise transitions. The significant changes in disclosure of qualitative and quantitative information intend to provide an aid to both internal and external stakeholders for eliciting the estimations and decisions promptly.      

The COVID-19 pandemic has caused severe disruptions in the global economic environment and has consequential impact on financial statements and reporting as well. Keeping the current business environment in view, various amendments have also been introduced under the Companies Act, 2013. The amendments are mainly focusing on providing relief to the organizations during the pandemic as well as on improving the reporting mechanism based on additional disclosures, interest rate benchmark reform, presentation of financial statements and accounting policies, changes in accounting estimates and errors, etc. 

ASSOCHAM is an important stakeholder of Accounting Standards Board of ICAI and has been contributing various industry inputs in the journey of amendments to Ind AS from time to time. Further, in view of above and to discuss the impact of various recent amendments, emerging global practices and challenges as well as to discuss and deliberate on the development of set of high quality globally accepted financial reporting standards, ASSOCHAM isorganizing the 4th National Seminaron “Indian Accounting Standards: Recent Amendments, Emerging Practices and Challenges”.                    

The seminar will be deliberated by eminent accounting practitioners and experts drawn from industry, profession and regulators and participants are from the government, regulators, professional institutions, directors on board of corporates, chartered accountants, company secretaries, CFOs, legal heads, compliance heads, among others. 

In this regard, we take this opportunity to invite your participation and to nominate delegates to attend the conference.

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