About IND ASIndian Accounting Standards (IndAS) can be considered as guiding principle or standards for the International Financial Reporting Standards (IFRS) to ascertain that Indian Companies have same understandability and accessibility globally. For certain companies, the application of specified standards was made mandatory. The objective of IND AS is to ensure that the financial statements and reports of an organization are uniform and to make the same user accessible and transparent. The ASB (Accounting Standards Board), is the regulatory body supervising IND AS. Before the introduction of IND AS, India’sSEE DETAILS