Ind AS Applicability & Compliance Consultants

Clarity in Standards. Confidence in Compliance

Indian Accounting Standards (Ind AS) apply to companies based on defined net worth, listing status, and other thresholds set out in company law, and the criteria can change as a company grows, restructures, or becomes part of a larger group. Determining whether and when Ind AS applies, and then implementing it correctly, is a technical exercise that has a direct impact on a company's reported financial position.

Why This Matters

Getting Ind AS applicability wrong, whether by adopting it too late or applying it incorrectly, can lead to non-compliant financial statements, audit qualifications, and the need for costly restatements. Because Ind AS changes how certain transactions are measured and presented compared to earlier accounting standards, even long-established finance teams often need specialist input the first time a threshold is crossed.

How We Help

Applicability Assessment

We assess whether Ind AS applies to a company based on its net worth, group structure, and listing status, and advise on the exact financial year from which compliance becomes mandatory.

Transition and First-Time Adoption

We manage the first-time adoption process, including opening balance sheet adjustments, mandatory and optional exemptions, and reconciliation statements required when moving from the previous framework.

Standard-Specific Technical Advisory

We advise on the application of individual Ind AS standards to specific transactions, such as financial instruments, leases, revenue recognition, and business combinations.

Ongoing Compliance Support

We support finance teams with recurring Ind AS compliance requirements each reporting period, including disclosure checklists and consistency reviews across periods.

Who Needs This

• Companies newly crossing the Ind AS applicability threshold
• Subsidiaries of listed or large group companies already under Ind AS
• Businesses preparing for an IPO or other capital markets transaction
• Finance teams needing technical support on specific Ind AS standards

Our Approach

We start by establishing exactly where a company stands against the applicability criteria, then build a clear transition plan rather than treating first-time adoption as a last-minute exercise. Our advice is grounded in how Ind AS actually applies to a company's specific transactions, so that compliance is accurate the first time around.

Get in Touch

To discuss Ind AS applicability or compliance support for your business, write to us at info@agarwalurs.com.