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Ind AS 1

Governs the presentation of financial statements — their structure and minimum content requirements.

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Related terms

  • ICFR / IFC (Internal Financial Controls)

    The controls a company has in place over its financial reporting process. The statutory auditor is required to report on their operating effectiveness for specified companies.

  • Ind AS

    Indian Accounting Standards — the accounting framework converged with IFRS, applicable to companies above specified thresholds; smaller companies continue to apply the older Accounting Standards (AS).

  • Ind AS 10

    Governs events after the reporting period, distinguishing those that adjust the financial statements from those that only require disclosure.

  • Ind AS 105

    Governs non-current assets held for sale and discontinued operations, including the specific measurement and presentation rules that apply once an asset meets the held-for-sale criteria.

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231 terms in total, or go deeper with working procedures and worked examples in the resource library.

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