| Topic : Global Outlook for Indian Accounting Profession |
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Posted in Community :
Finance & Accounts |
Banking & Insurance Professionals |
BANKING & FINANCIAL INDUSTRY |
2 more ...
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Activity:
Question posted: 09 11 2009 14:17:13 +0000,
2 answers, 265 views, last activity
07 06 2010 20:18:08 +0000
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International Accounting Standards Board (IASB) has adopted new International Financial Reporting Standards (IFRS). So what the banks have done to face this transition?
2 Answers for "What the banks have done to face transition to IFRS?"
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Answered by
Veejay Bhatia, Administration Manager / Recruitment Coordinator, French Firm dealing in Oil & Gas, Dubai (UAE)
| 09 11 2009 18:01:55 +0000
Not Rated
Nice info Rakesh. Thanks for this update
Answered by
Rakesh Chakraborty, Sr. Associate, ING
| 09 11 2009 14:22:27 +0000
Not Rated
Indian banks are hiring consultants to train their employees in International Financial Reporting Standards (IFRS) as they take the lead in ensuring compliance with the new global accounting standard . Employees will be well versed with the new accounting standards. Banks are setting up internal cells dedicated to IFRS accounting. To come up with the guidelines on the new accounting norm, a working group committee has been formed by the Indian Banks’ Association (IBA).
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