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IFRS to improve comparability, transparency: CII
• NEW DELHI: Industry Chamber CII on Sunday said convergence of International Financial Reporting Standards (IFRS), the global accounting practice followed by 102 countries, would improve comparability, transparency and credibility of financial statements of the India Inc. "Adoption of IFRS, the new global reporting standards, would improve comparability, transparency and credibility of financial statements and in a globalised world, would lead to greater economic efficiencies," CII said in a release. IFRS will be adopted only for the listed entities and other public interest entities such as banks and insurance companies, it said.
  
 
 

 
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