1. Encourage international may be reuired to all
investing & thereby stakeholders such as
increase in foreign employees, auditors,
capital inflow. etc.
c Benefit
the
economy
by
increased
international business.
i More relevant,
reliable, timely &
comparable
information to investors.
i Better understanding
of financial statements
would benefit investors
who wish to invest
outside the country
o Increase in cost due to
dual reporting
requirement till full
convergence is achieved.
c Changes may be
required to various
regulatory requirements
such as Companies
Act, Income Tax Act,
SEBI, RBI, etc..
S If IFRS is to be
uniformly understood
training