EMERGING TRENDS IN ACCOUNTING: A FOCUS ON IFRS ADOPTION IN INDIA'S CORPORATE SECTOR
Keywords:
IFRS Adoption, Financial Reporting Quality, Indian Corporations, Global Accounting Standards, Transparency, Financial Disclosures.Abstract
The adoption of International Financial Reporting Standards (IFRS) has become a key aspect of India's
corporate sector, aligning its financial reporting practices with global accounting norms. As the global
economy continues to integrate, the need for transparency, comparability, and reliability in financial reporting
has grown, positioning IFRS adoption as essential for Indian corporations. This study investigates the extent to
which Indian companies have adopted IFRS, focusing on its impact on the quality of financial reporting. By
analyzing financial reports, regulatory filings, and employing statistical techniques, the research examines the
relationship between IFRS adoption and the quality of financial disclosures in Indian corporations. The findings
suggest that while adoption levels vary, the shift to IFRS has led to improved financial transparency, reduced
information asymmetry, and enhanced investor trust. Additionally, the adoption of IFRS has facilitated greater
integration with international capital markets, benefiting corporate competitiveness. This study provides critical
insights into the challenges and benefits of IFRS adoption, emphasizing its role in enhancing the credibility and
transparency of financial reports within India’s corporate sector.
