Featured Issues: Convergence with IFRS

Roadmap for convergence of Indian Accounting Standards with IFRS Press Release – 2/2010 No. 1/1/2009-IFRS dated 22nd January, 2010 issued by the Ministry of Corporate Affairs relating to the roadmap for application of the converged Indian Accounting Standards by companies (other than Banking companies, Insurance companies and Non-Banking finance companies). Press Release – 3/2010 No. 1/1/2009-IFRS dated 31st March, 2010 issued by the Ministry of Corporate Affairs relating to the roadmap for the application of the converged Indian Accounting Standards by the Banking companies, Insurance companies and Non-Banking finance companies. Press Release – 4/2010 No. 1/1/2009-IFRS dated 4th May, 2010 issued by the Ministry of Corporate Affairs relating to the clarifications on the roadmaps issued. Standards Exposure Drafts of Converged Accounting Standards issued by the ASB of the ICAI