ICAI TO LAUNCH CERTIFI- CATE COURSE ON IFRS FOR ITS MEMBERS

The finance and accounting fraternity is concerned over the change in accounting practices and procedures and recruiting and retaining talent to deal with International Financial Reporting Standards (IFRS) that will become effective from April 1, 2011. Bodies like Accounting Standard Board of Institute of Chartered Accountants of India (ICAI) have kicked started series of awareness
programmes to manage the conversion from Generally Accepted Accounting Standards in India (Indian GAAP) to IFRS and meet the deadline without any hiccup. ICAI is considering coming up with a certificate course for its members to equip them with accounting and reporting based on IFRS.