Ifrs

IMF pushes for IFRS 9 adoption to improve credit risk management, says RBI report

The IMF recommends stronger supervision of individual loans, collateral valuation, connected borrower groups, and related-party transactions

Expected credit loss provisioning could disrupt the PSU bank exuberance

Under ECL, banks will require to gauge the credit risk of the borrower and make anticipatory provisioning before a default has occurred unlike the current regime where banks provide once default has occurred.

Policy | If the ‘market knows’, why doesn’t the auditor? Part 2

Does the audit industry consider its responsibility towards a company’s stakeholders while writing out scripted audit reports? There needs to be a systemic focus on improving audit quality standards.

Opinion | Deferring Ind-As for banks is no solution

Transition to the new norms will be yet another step in the overhaul of the credit culture, especially at state-owned banks. It should be viewed as part of the larger efforts of RBI to improve governance and prevent another massive pile up of soured loans.

Banks may delay IFRS implementation on capital worries: Fitch

It said migration to IFRS 9, or its local equivalent, is likely to create operational challenges across many of Asia-Pacific's banking systems.

Ind AS impacts bottomline of top BSE companies, says study

More than one-fourth of top 100 companies listed on the BSE saw their net profit get impacted by the implementation of the new accounting norms and most of the firms provided only minimum disclosures, says a study.

Banks to follow new accounting standard Ind AS from Apr 2018

"Banks shall comply with the Indian Accounting Standards (Ind AS) for financial statements for accounting periods beginning from April 1, 2018 onwards, with comparatives for the periods ending March 31, 2018 or thereafter," RBI said in a notification.

IND-AS: One Month To Go!

IFRS will fundamentally change provisioning method: SS Mundra

Deputy Governor Mundra tells CNBC-TV18's Ritu Singh that a shift from an incurred loss to an expected loss means that provisioning will have to rise.

Sify Reports Revenues of INR 3715 Million for Second Quarter of FY 2015-16

Sify Technologies Limited (NASDAQ: SIFY), a leader in Managed Enterprise, Network, IT and Applications services in India with global delivery ...

IND-AS: Presentation & Disclosure Requirements!

By: Santosh Maller & Navneet Mehta, EY India

IFRS convergence: Govt notifies 39 accounting standards

According to PwC these two standards will have an enormous effect - it will not only impact every company's top line and therefore bottom line but will require other organisational and business changes.

Ind-As: Will it become a reality or get deferred?

The recently issued Schedule II to the Companies Act, 2013 on depreciation and its emphasis on useful life, surely created ripples and hectic efforts in the Q1 of 2014-15

Deutsche Bank 'horribly undercapitalized': US regulator

Deutsche Bank this year is almost done raising 5 billion euros (USD 6.67 billion) in new debt and equity, boosting its core capital ratio to around 9.5 percent, which it says has made it one of the best-capitalized banks among its peers.

5th National Annual Survey on ESOPs from ESOP Direct

ESOP Direct, a leading solutions company in the space of Equity based compensation in India announced the results of their fifth annual survey â€“ Equity Compensation trends 2012.

IFRS Diary: Tax Accounting Standards

By:Jamil Khatri, KPMG

Higher cap needs, fin inclusion challenge for banks: RBI

The Reserve Bank Of India has released a report assessing the performance of banks in FY12 and also on the road ahead for banks in the coming days, reports CNBC-TV18's Gopika Gopakumar.

Profits due to a/c standards, Macquarie report false: Keki

Keki Mistry, vice-chairman and CEO, HDFC explains to CNBC-TV18 that the earnings, alleged to be overstated by a Macquarie report, are based on following accounting adjustments and systems that are widely used and accepted.

ICAI moves SEBI for changes in company compliance norms

The Institute of Chartered Accountants of India (ICAI) has approached the capital market regulator â€“ the Securities Exchange Board of India for a four-pronged change in company compliance norms. Last week, the accounting regulator met the SEBI chairman U K Sinha to apprise him on those issues.

'Make Carve-Outs Optional'

In an interview to The Firm, Former Trustee, IFRS Foundation- Mohandas Pai says that India needs to be flexible on the issue of carve outs.

IASB Chairman: 'Here to Regain Momentum'

In an exclusive interview to The Firm, Chairman of the International Accounting Standard’s Board, Hans Hoogervorst said that he is in India to recover the lost momentum.

Top 5 Themes of 2011

It's that time of the year when we look back, take stock, look forward and all such things. And that's exactly what we are going do over the next half hour. the firm team has picked 5 themes or topics that we think best describe 2011... So here goes...