The document summarizes a case study on auditors' perceptions of implementing IFRS in the Indian accounting system, specifically in Bangalore. It collected information from 30 respondents, including 20 chartered accountants and 10 auditors. Most respondents agreed that implementing IFRS brings valuable changes but is also difficult given the current Indian business environment. They felt that India needs more time to fully implement IFRS and that it leads to operational complexities, but specialized training could help address these issues. Most also agreed that IFRS could help encourage ethics and transparency in accounting practices and attract foreign capital.

1. PERCEPTION OF AUDITORS
ON IMPLIMENTATION OF
IFRS IN INDIAN ACCOUNTING
SYSTEM-
A CASE STUDY WITH
RESPECT TO BANGLORE
AUDITORS

2. Introduction

3. Objectives of the study
• To study the IFRS and its implications
• To understand the importance of IFRS
• To identify the operational challenges

4. The information collected from 30 respondents.
In this respondents there are 20 chartered
accountants and 10 accountants and auditor
20
10
0
5
10
15
20
25
CA AUDITOR

5. Implementation of IFRS in India brings valuable changes in
Indian accounting system.
0
4
0
15
11
0
2
4
6
8
10
12
14
16
Strongly disagree Disagree Neither disagree nor agree Agree Strongly agree

6. Implementation of IFRS is difficult in Indian business
and accounting scenario
3
1
0
15
11
0
2
4
6
8
10
12
14
16
Strongly disagree Disagree Neither disagree nor agree Agree Strongly agree

7. India need still more time to implement IFRS
10
8
0
8
4
0
2
4
6
8
10
12
Strongly disagree Disagree Neither disagree nor agree Agree Strongly agree

8. IFRS in Indian accounting system focusing
on good governance
0
2
10 10
8
0
2
4
6
8
10
12
Strongly disagree Disagree Neither disagree nor agree Agree Strongly agree

9. IFRS method of accounting system Leads to
operational complexities for accountants
10
3
10
5
2
0
2
4
6
8
10
12
Strongly disagree Disagree Neither disagree nor agree Agree Strongly agree

10. IFRS implementation requires specialised training for
accountants to maintain accounts according to IFRS
and to solve operational complexities.
0 0
10
15
5
0
2
4
6
8
10
12
14
16
Strongly disagree Disagree Neither disagree nor agree Agree Strongly agree

11. Harmonisation of accounting practices has
leads to the flow of foreign capital towards
Indian business.
0 0
10
15
5
0
2
4
6
8
10
12
14
16
Strongly disagree Disagree Neither disagree nor agree Agree Strongly agree

12. Implementation of IFRS in India helps in
inculcating ethics and transparency into
accounting practices
8
5
10
7
0
0
2
4
6
8
10
12
Strongly disagree Disagree Neither disagree nor agree Agree Strongly agree

13. Performance of share market in India will be positive
by IFRS practice from all the companies.
0 0 0
25
5
0
5
10
15
20
25
30
Strongly disagree Disagree Neither disagree nor agree Agree Strongly agree

14. CONCLUSION