Empirical Study on the Perception of Accounting Professionals Toward Awareness and Adoption of IFRS in India

摘要

Indian corporations provide financial statements in a unique way according to the nation's necessity. Making uniformity in accounting standards will arise as a huge job. This has fixed by the implementation of IFRS, as IFRS is a popular accounting language for the companies located worldwide. IFRS across the globe is comprehensible and similar. Within the modern globalization, technology in which the Indian financial system has also flourished, adopting IFRS would render Indian business enterprise on an equal footing with other global businesses. This will lead to widening the scope of the Indian market's foreign financing. To converge with IFRS, India also decided by creating an Ind-AS standard. This study examines the perception of accounting professionals toward the awareness and adoption of IFRS.