Ind AS & Accounting
Is India Adopting IFRS 18? The New Ind AS P&L Format and MPMs
India hasn't notified IFRS 18, the new global rulebook for the profit and loss statement, but ICAI has already exposed an Indian version, Ind AS 118, with a proposed start of 1 April 2027. Here's what it changes, where it stands, and what finance teams can start on now.