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Ind-AS Pulse: Transition Readiness Survey

Published on Mon, Jun 08,2015 | 16:36, Updated at Mon, Jun 08 at 16:36Source : 

Convergence with IFRS will have organisation wide implications for most companies, potentially impacting key business arrangements. However, despite Boards and senior management of 94% of listed company respondents being aware of these implications, companies are behind the curve in carrying out an impact assessment. Transition to Ind-AS will also require significant training of key stakeholders and require effective use of technology for smooth implementation. 61% of all respondents and 91% of listed company respondents believe this area requires significant stakeholder communication, reveals KPMG India ‘Ind-AS Pulse -Transition Readiness Survey’.

This survey provides a summary of the current state of readiness of Indian companies to manage this transition and the key implementation challenges and potential benefits that they perceive from this transition…

Attachments : India AS Pulse _May 15 2015.pdf

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