Ind AS / IFRS Advisory

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Ind AS / IFRS Advisory

Ind AS / IFRS Advisory

Expert-led Ind AS/IFRS transition and compliance support—from impact assessment to audit closure—for corporates navigating complex accounting standards.

We provide end-to-end Ind AS/IFRS advisory to listed and unlisted companies for seamless transition, training, implementation, consulting/opinion on complex issues, ongoing compliance review and audit support.


Nature of Assignments:


  • Ind AS/IFRS applicability assessment and impact analysis

  • GAAP to Ind AS/IFRS/US GAAP conversion including first-time adoption (Ind AS 101)

  • Preparation of Ind AS-compliant financial statements and notes

  • Technical memos on complex accounting matters (e.g., revenue recognition, leases, ECL, consolidation)

  • Assistance in audit closure under Ind AS/IFRS

  • Ind AS advisory for group reporting, carve-outs, IPO-bound entities

  • Training to finance/accounts teams and board members on key Ind AS/IFRS updates

  • Ongoing support for year-end adjustments, disclosures, and reconciliations


Why BNPS for Ind AS / IFRS Advisory:


  • Advisory provided to 100+ Companies, including listed, large unlisted corporates and their subsidiaries/associates

  • Deep technical expertise led by qualified Chartered Accountants and Ind AS trainers

  • Author/Contributions of Ind AS publications 

    • Author of Quick Guide to Ind AS by Taxmann

    • Issued various publications as Chairman of AS/Ind AS Committee of WIRC of ICAI

      • Learning from NFRA Orders/Reports

      • Expected Credit Loss (ECL) for both Financial and Non-Financial Sectors 

      • Unique Ind AS Disclosures

    • Contribution to Educational Material on Ind AS 105 issued by ICAI

  • Trainer/speaker with 300+ sessions on Ind AS/IFRS/US GAAP at Corporate/ICAI and various forums

  • Proven track record in successful conversions with minimal audit queries

  • Experience in cross-border IFRS/US GAAP reporting for MNCs with global consolidation

  • Support across industries: EPC, manufacturing, pharma, fintech etc.


Our Approach:


  • Phase 1: Understanding & Scoping

    • Evaluate applicability, business structure, and accounting complexities

  • Phase 2: Diagnostic & Impact Study

    • GAAP differences, quantitative impact, key policy decisions

  • Phase 3: Implementation

    • Accounting entries, reconciliations, training, draft FS

  • Phase 4: Audit Support & Post-Implementation

    • Audit readiness, ongoing advisory and updates



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