Impact Of International Financial Reporting Standards On Accounting Professionals And Stake Holders

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Published: 2025-10-17
DOI: https://doi.org/10.53555/jtar.v21i2.22
Keywords:
IFRS, Companies Act, Accounting Standards, Economic Growth and Global Market.

Main Article Content

Dr. Balaji Bhovi

Abstract

This study appearances at how Indian businesses are pretentious with International Financial Reporting Standards (IFRS) which had been officially announced by Ministry of Corporate Affairs of India on 1st April, 2012 for global expansion but, IFRS regime had been started to implementation in phased manner during from 2015 to 2017 and implemented successfully in India in fourth phases. Global market expansion is beneficial from an economic standpoint because it encourages the expansion of the nation's foreign trade. In order to adhere to a set of universally accepted standards, actually, the Indian Accounting Standards that have been converged with IFRS. The present study has employed the quantitative research methodology in order to achieve its objectives. Since the goal was to examine the IFRS regime in India to identify the IFRS operation that impact on accounting professionals and stake-holders. This study also highlights the findings with reference to the analytical results.


 

Article Details

Issue

Vol. 21 No. 2 (2025): Journal of Theoretical Accounting Research

Section

Articles
Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Author Biography

Dr. Balaji Bhovi

Assistant Professor, School of Business, RV University, Mysore Road, Bangalore, India. Email: balajibhovi@gmail.com

How to Cite

Impact Of International Financial Reporting Standards On Accounting Professionals And Stake Holders. (2025). The Journal of Theoretical Accounting Research, 21(2). https://doi.org/10.53555/jtar.v21i2.22

References

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