THE FUTURE OF FINANCIAL REPORTING: A STUDY ON IFRS ADOPTION AMONG AHMEDABAD-BASED CAS

Authors

  • Dr. Rajesh M Patel Assistant Professor, N C Bodiwala and Prin M C Desai Commerce College, Gujarat University, Ahmedabad, Gujarat

Keywords:

IFRS, Ind AS, Financial Reporting, Chartered Accountants, Corporate Governance, Financial Transparency, Global Investment, Accounting Standards

Abstract

International Financial Reporting Standards (IFRS) play a crucial role in ensuring uniformity, transparency, and comparability in financial reporting across different countries. In the Indian context, IFRS convergence through Indian Accounting Standards (Ind AS) has significantly impacted corporate financial reporting, governance, and investment inflows. This study aims to analyse the viewpoints of Chartered Accountants (CAs) in Ahmedabad regarding IFRS adoption. The study further examines the relationship between the demographic profiles of CAs and their perspectives on IFRS. A structured questionnaire was employed to collect data from a sample of 144 CAs based in Ahmedabad. The findings indicate that CAs widely acknowledge IFRS as a tool for improving financial transparency, comparability, and corporate governance in India. Additionally, IFRS alignment with Indian Accounting Standards (Ind AS) has contributed to attracting global investment and strengthening financial credibility. The study concludes that while IFRS adoption presents implementation challenges, its long-term benefits outweigh the difficulties, reinforcing its significance in India's evolving financial landscape.

References

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Additional Files

Published

01-02-2025

How to Cite

Dr. Rajesh M Patel. (2025). THE FUTURE OF FINANCIAL REPORTING: A STUDY ON IFRS ADOPTION AMONG AHMEDABAD-BASED CAS. International Educational Journal of Science and Engineering, 8(2). Retrieved from https://iejse.com/journals/index.php/iejse/article/view/169

Issue

Vol. 8 No. 2 (2025): FEBRUARY ISSUE, INTERNATIONAL EDUCATIONAL JOURNAL OF SCIENCE AND ENGINEERING

Section

Articles

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Copyright (c) 2025 International Educational Journal of Science and Engineering

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