IMPLEMENT Ind-AS IN ONE GO, SAYS STUDY

Phased implementation of Ind-AS will result in inconsistent accounting standards being followed by various companies and may lead to challenges in undertaking their economic analysis, says a PwC report.

Some firms will continue to follow Indian Generally Accepted Accounting Principles (IGAAP) as others are moving to Ind-AS.

The phase-wise adoption of Ind AS, beginning April 2016, carries significant impact across industries such as IT services/technology, pharmaceuticals, infrastructure and telecom.