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New accounting norms to bolster financial reporting quality: ICAI
Business Standard
|April 22, 2025
The proposed new accounting standard Ind AS 118 will mark a significant step forward in enhancing the quality and clarity of financial reporting in India, Charanjot Singh Nanda, President, Institute of Chartered Accountants of India (ICAI) said on Monday.
ICAI had issued an exposure draft of Ind AS 118 for public comments in January 2025.
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