As the ministry of corporate affairs asks India Inc to gear up their international financial reporting standards (IFRS) conversion process, various agencies have taken the lead in helping companies transit to the new standard. However, consulting firms are trying to cash in on the opportunity and the best of it. KPMG India has launched a certificate IFRS programme that charges approximately Rs 50,000 from an individual for a six-week course.
The firm, in collaboration with NIIT Imperia, started the six week certificate programme on December 2, 2009. The programme is designed to help companies and individuals convergence the process of the Indian accounting standards to the international financial reporting standards.
KPMG India accounting advisory services head Jamil Khatri said, ?We foresee participants to gain not only the conceptual knowledge of IFRS but also the practical perspectives that KPMG?s professionals carry through years of experience. Individuals are showing great interest in this programme. We look forward to interact with executives across the country during the IFRS training sessions?.
By 2011, more than 150 countries are expected to adopt IFRS, including countries like India, China, Brazil and South Korea.
