Accounting Standards
IndAS
Reporting.
Expert guidance on IFRS-converged Indian Accounting Standards — first-time adoption, ongoing compliance, and audit of financial statements prepared under IndAS for listed companies and large entities.
Ind AS, applied with judgement.
For companies within the Ind AS roadmap, financial statements must comply with the Indian Accounting Standards notified under the Companies (Indian Accounting Standards) Rules. The hard work sits in the judgement areas — financial instruments under Ind AS 109, revenue under Ind AS 115, leases under Ind AS 116 and consolidation — where small interpretive choices move reported results materially.
We pair audit rigour with technical accounting depth, testing not just the numbers but the policies, estimates and disclosures behind them. Where management faces a genuinely difficult Ind AS question, we engage early so the position is settled, documented and defensible before it reaches the financial statements.
IndAS Applicability
Mandatory for listed companies and unlisted companies with net worth above INR 250 crore. IndAS 101 governs first-time adoption. We help entities prepare the opening IndAS balance sheet with all mandatory exemptions.
Key Standards
IndAS 9 (Financial Instruments), IndAS 16 (PPE), IndAS 115 (Revenue), IndAS 116 (Leases), IndAS 19 (Employee Benefits), and IndAS 36 (Impairment). We audit all IndAS-compliant financial statements with sector-specific expertise.
Transition Support
Entities migrating from AS to IndAS need restated comparatives, reconciliations, and additional disclosures. We assist with IndAS transition planning, impact assessment, and training for finance teams.