Meeting ID: 848 5246 5296

Passcode: 241484

About the Subject:

The Ministry of Corporate Affairs has amended the IND-AS twice in the past few months. These amendments may have an impact on Companies' reporting even as early as the Half-Yearly results as at 30 September 2025 and also potentially impact entities that are in the process of listing and preparing restated financial statements. Key amendments include response to address any lack of exchangeability for exchange rates, treatment of supplier finance arrangements, treatment of deferred tax and disclosures related to Pillar Two Global Tax Reforms as well as addressing the initial carve outs relating to classification of borrowings wherein covenants are breached. These amendments align IND-AS closer to IFRS.

The learned Speaker will give us an overview fo these amendments, the key implications, reporting requirements and other actionable matters including guidance on how these changes in accounting policies need to be addressed and disclosed in the financial statements.

About the Speaker:

Prateek has a PGPM from IIM, Bangalore apart from being a Chartered Accountant. He has had extensive experience in Financial Reporting advisory, Auditing listed NBFCs and banks. Earlier, he has over a decade experience in a Big-4 Firm. He has also been facilitating the Training requirements of fellow professionals through various forums. He trained over 40 Companies' executives and is a Trainer in "Diploma in IFRS" & many IND-AS workshops. He has trained staff at Indian Banks' Association, National Institute of Bank Management and at a Securitization Summit. Currently, Prateek is the co-founder of World of Financial Reporting, a firm focused on financial reporting and Ind AS related advisory.