Enabling Compliance and Reducing RisksBuilding a better future with Ind AS compliance
Elevate Your Financial Reporting with Ind AS Guidance
Enabling Compliance and Reducing RisksBuilding a better future with Ind AS compliance
Elevate Your Financial Reporting with Ind AS Guidance
The Indian Accounting Standards (Ind AS) have been formulated keeping the Indian economic & legal environment in view and with a view to converge with International Financial Reporting Standards (IFRS) Standards. We know the importance of keeping up with the latest developments in financial reporting standards. With the adoption of Ind AS (Indian Accounting Standards), businesses have to comply with a new set of financial reporting requirements that aim to bring greater transparency, accountability and comparability in financial statements.
Our Ind AS services help companies navigate this transition smoothly, by providing them with the necessary expertise and resources to implement the new standards in a timely and efficient manner. Our team of experienced professionals has a deep understanding of Ind AS and can assist you in all aspects of implementation, from gap analysis to system and process changes.
We pride ourselves on delivering a tailored and proactive approach to our clients’ Ind AS requirements, so they can focus on their core business operations while meeting their reporting obligations.
Our Services
Ind AS Implementation
Ind AS implementation can be a complex and time-consuming process, but we’re here to guide you through each step of the way. Our implementation services include:
- Gap analysis: We review your existing accounting policies, systems and procedures to identify gaps that need to be addressed in order to comply with Ind AS.
- Conversion support: We provide assistance in the conversion of financial statements from existing GAAP to Ind AS.
- Process changes: We help identify and implement necessary changes to your accounting systems and procedures to ensure compliance with Ind AS.
- Training: We offer comprehensive training to your finance and accounting teams, to help them understand the new standards and their implications.
Ind AS Advisory
Our Ind AS advisory services are designed to help you stay up to date with the latest developments in Ind AS and their impact on your business operations. Our advisory services include:
- Ind AS readiness assessments: We conduct a thorough review of your current accounting policies and procedures to assess your readiness for adoption to the latest interpretation guidance and other authoritative pronouncements on Ind AS, including amendments and latest notifications.
- Accounting opinions: We provide guidance on complex accounting issues under Ind AS, such as revenue recognition, financial instruments, and the accounting pursuant to business combinations.
- Ind AS training: We offer tailored training programs to finance and accounting teams on the practical application of Ind AS.
- Technical support: We provide ongoing technical support to help you stay abreast of any changes or updates to Ind AS.
Ind AS Compliance
Ind AS compliance requires ongoing monitoring and reporting to ensure accurate and timely financial statements. Our compliance services can help you meet your Ind AS reporting obligations while minimizing the risk of errors or omissions. Our compliance services include:
- Ind AS financial statements preparation: We assist clients in the preparation of their Ind AS financial statements, including balance sheets, income statements, and cash flow statements.
- Statutory reporting: We help clients comply with the requirements of various regulatory bodies, such as SEBI, RBI, and MCA.
- XBRL filing: We offer services for the preparation and filing of financial statements in XBRL format, as required by the Ministry of Corporate Affairs.