'Few Indian companies have operational plan for transition to IndAS'

Only 22 per cent of domestic companies have an operational plan for transition to Indian Accounting Standards (Ind AS) despite a whopping 65 per cent believing it will open up avenues for accessing capital from international markets, says a survey by Grant Thornton.

Govt comes out with roadmap for new accounting standards

The government Friday said that companies with a networth of Rs 500 crore or more will have to mandatorily follow the new accounting norms that are converged with global standards from April 1, 2016.

High-level panel to decide on new accounting rules this week

The core group, chaired by Corporate Affairs Secretary Naved Masood, is scheduled to meet on August 23.