Suchergebnisse

The paper is an attempt to analyze the perception of accounts preparers, chartered accountants and academicians in Mysore cityKarnataka, to find if the convergence of Indian accounting standards with IFRS is beneficial or not? Another major goal of this study is to justify that well and good accounting standards are not responsible for accounting scandals. Finally, the study cames to a conclusion that convergence of Indian Standards with IFRS is beneficial for investors, government and corporate sector respectively. Majority of the respondents agree with the significance of convergence of Indian accounting standards with IFRS and they say that, using IFRS as a reporting language brings uniformity and fairness in financial statements. However, the study states that, avoiding of accounting scandals is possible through an ethical practice among entities and auditors.