India should actively look at allowing companies the option of filing “full IFRS” compliant financial statements, former SEBI Chairman CB Bhave has said.
Such a move would have two benefits – it would send a signal (on India’s commitment to the IFRS) and also get more people trained in the IFRS discipline in the coming days.
Bhave was speaking at the KPMG IFRS Conference here, on Friday. Later he told BusinessLine that the revised roadmap for IFRS convergence was welcome and a step in the right direction.