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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.

- Ruchika Chitravansi

ICAI had issued an exposure draft of Ind AS 118 for public comments in January 2025.

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