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Ind AS

Convergence with International Accounting standards issued by the International accounting standard board (IASB) is getting its due weightage over a period of time and in the present context the convergence to IFRS is in the process of shaping up all over the world such that more than 100 countries are currently requiring and permitting the use of IFRSs.

India has also joined this bandwagon by the fact that the council of ICAI has expressed its view that IFRS may be adopted in totality at least for listed and large entities. We at MTC give due weightage to the views and vision of our mother institute ICAI of implementation of IND AS.