CFI's interactive workshop on impact of IFRS

Construction Federation of India (CFI) in collaboration with KPMG is organising a half day interactive workshop on 'IFRS : Implications for Indian Infrastructure and Realty Construction firms'. The workshop will be organised on on Wednesday, August 25, 2010 at the Babubhai Chinai Committee Room, IMC, Mumbai. International Financial Reporting Standards (IFRS), a set of accounting standards issued and published by the International Accounting Standards Board (IASB) are fast becoming the global standards for the preparation and presentation of public company financial statements.
By 2011, around 150 countries would have adopted IFRS. India, too, is committed to harmonizing Indian Generally Accepted Accounting Practices (Indian GAAPs) with IFRS in a phased manner starting 2011-12. Transition to IFRS gained momentum in India with the setting up of a Core Group chaired by the Secretary, Ministry of Corporate Affairs with members of RBI, SEBI, IRDA, ICAI, the National Advisory Committee on Accounting Standard (NACAS) and industry representatives.