Coopers & Lybrand To Unveil Accounting Standards' Guide

The book, written by an accountancy firm for the first time, is being published in response to the growing need for ways to help companies apply the standards to their own situations.

Though Indian corporates are not required to follow IASs it will come handy to those firms which have tapped global capital markets and are thus required to prepare accounts as per international accounting standards.

Moreover, as Indian accounting standards, issued by the Institute of Chartered Accountants of India (ICAI), are aligned to the IASs, the guide would help accountants understand the issues and provide interpretations where a standard is silent or incomplete.

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