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References (2)
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I. Moosa (2007)
Misconceptions about operational riskJournal of Operational Risk, 1
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Ursel Baumann, Erlend Nier (2004)
Disclosure, Volatility, and Transparency: An Empirical Investigation into the Value of Bank DisclosureEconomic and Policy Review, 10
- Publisher
- Emerald Publishing
- Copyright
- Copyright © 2011 Emerald Group Publishing Limited. All rights reserved.
- ISSN
- 1985-2517
- DOI
- 10.1108/19852511111139796
- Publisher site
- See Article on Publisher Site
Abstract
Purpose – The purpose of this paper is to analyze the preparations carried out by the Indian banking industry for the implementation of the International Financial Reporting Standards on and after 1 April 2011. Design/methodology/approach – The paper is based upon the critical analysis of the financial statements of the Indian banking industry and the relevant provisions of IFRS and other relevant laws applicable for the Indian banking industry. Findings – The main finding of this paper is that the Indian banking industry is preparing according to the target for convergence from 1 April 2011, but amendments in the various statutory laws of India are yet to be implemented/approved by the government. Research limitations/implications – This paper covers only the Indian banking industry and excludes all other industries in India. Originality/value – This paper shows the areas in which the Indian banking industry is required to focus before and after the implementation of IFRS, and their consequences on the financial statements of the bank.
Journal
Journal of Financial Reporting and Accounting – Emerald Publishing
Published: Jul 5, 2011
Keywords: Banking; Economic convergence; Financial reporting; Accounting standards