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KPMG in India IFRS Institute: News

KPMG in India IFRS Institute: News

IFRS News

  • Making the financial sector Ind-AS ready
    Business Standard    25 January, 2016
    Sai Venkateshwaran, partner and head of accounting advisory services, KPMG in India, says the roadmap applicable for banks and NBFCs in India closely follows the timelines for the global adoption of the new standard on financial instruments (IFRS-9), in particular the new expected loss model for impairment of financial assets (loan loss provisioning), which is slated for 2018.

  • India Inc grapples with Ind-AS
    Business Standard     31 August, 2015
    "The evaluation of the post-acquisition impact of M&A deals, especially on EPS and net worth will become more complicated with the recognition of all liabilities and assets at fair values, including intangibles," notes Sai Venkateshwaran, partner - advisory India head - accounting advisory services, KPMG in India.

  • New IFRS norms raise accounting worries?
    Hindustan Times    25 May, 2015
    Indian companies are in the process of migrating to globally-accepted accounting standards, the International Financial Reporting Standards (IFRS), but a key norm in the new principles is giving the government and accounting regulators cause to worry. “The standards are not clear on how item (revenue) in such cases should be treated,” said Jamil Khatri, head of audit at KPMG and global head of accounting advisory services.

  • New accounting norms may hit balance sheets
    Hindustan Times    22 May, 2015
    Under the new Indian accounting standards (Ind AS), companies would have to enhance the quality of financial reporting to be in sync with the International Financial Reporting Standards (IFRS),and make India's capital markets attractive globally.

  • Few businesses ready for Ind-AS adoption: Survey
    The Financial Express     21 May, 2015
    Few businesses have done an impact assessment study to identify the areas of financial reporting that would change significantly while migrating to the new Ind-AS accounting standards that are compliant with the International Financial Reporting Standards, advisory firm KPMG said quoting a survey of 100 companies.

  • Indian cos not yet ready for transition to new accounting standards
    The Hindu Business Line     20 May, 2015
    According to Sai Venkateshwaran, Partner and Head of Accounting Advisory Services (AAS), KPMG in India, India Inc was aware that the transition needed meeting the key challenges, both from an accounting perspective as well as organisation-wide issues

  • India Inc not ready for Ind-AS standards
    Financial Chronicle     20 May, 2015
    “India Inc is gearing up for the long-awaited convergence with IFRS, with a greater level of awareness of the changes expected on transition to Ind-AS... However, this awareness hasn’t translated into action with most of India Inc,” said Sai Venkateshwaran, partner and head of accounting advisory services, KPMG in India.

  • Most Indian companies yet to start work on Ind-AS implementation: KPMG survey
    Times of India     15 May, 2015
    "India Inc is gearing up for the long-awaited convergence with IFRS, with a greater level of awareness of the changes expected on transition to Ind-AS. However, this awareness hasn't translated into action with most of India Inc still behind the curve in carrying out an impact assessment specific to their organisations," Sai Venkateshwaran, partner and head of accounting advisory services, KPMG in India

  • Majority of India Inc yet to assess impact of Indian Accounting Standards: Study
    Ibnlive    15 May, 2015
    The survey said 63 per cent of the total respondents want voluntary adoption of IFRS. "India Inc is gearing up for the long awaited convergence with IFRS, with a greater level of awareness of the changes expected on transition to Ind-AS," said Sai Venkateshwaran, Partner & Head of Accounting Advisory Services at KPMG India.

  • Majority of India Inc yet to assess impact of Ind-AS: study
    Business Standard     15 May, 2015
    "India Inc is gearing up for the long awaited convergence with IFRS, with a greater level of awareness of the changes expected on transition to Ind-AS," said Sai Venkateshwaran, Partner & Head of Accounting Advisory Services at KPMG India.

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