CA for Ind AS (Indian Accounting Standards) – N D Savlaa & Associates

Transitioning to Ind AS (Indian Accounting Standards) is not just a compliance exercise. It impacts how your financial position, performance, and disclosures are presented to stakeholders.

At N D Savlaa & Associates, we provide end-to-end Ind AS advisory, implementation, and compliance services for companies required to adopt Ind AS under the Companies Act, 2013. Our focus is accuracy, audit readiness, and practical application, not just textbook compliance.

What Is Ind AS and Who Needs It?

Ind AS is a set of accounting standards converged with IFRS, applicable to specific classes of companies in India.

Ind AS is mandatory for:

• Listed companies (except NBFCs, banks, insurance)

• Unlisted companies with net worth above prescribed thresholds

• Holding, subsidiary, associate, and joint venture companies of Ind AS entities

• Certain NBFCs and financial entities as notified

If your company falls under Ind AS applicability, financial statements must be prepared strictly as per Ind AS requirements.

Our Ind AS Services

Ind AS Applicability Assessment

We evaluate:

• Whether Ind AS applies to your entity

• Phase-wise applicability and timelines

• Group-level impact on subsidiaries and associates

This avoids incorrect or premature adoption.

Ind AS Transition & First-Time Adoption

For companies shifting from existing AS to Ind AS, we handle:

• Gap analysis between AS and Ind AS

• Identification of key transition adjustments

• Opening balance sheet preparation as per Ind AS

• Impact assessment on profit, net worth, and ratios

We ensure smooth first-time adoption without audit surprises.

Conversion of Financial Statements to Ind AS

We assist in:

• Conversion of standalone and consolidated financial statements

• Ind AS compliant measurement and recognition

• Preparation of comparative financials

• Alignment with Schedule III (Ind AS format)

This is ideal for companies preparing Ind AS financials for statutory or group reporting.

Ind AS Advisory & Technical Support

Our team provides expert guidance on:

• Revenue recognition (Ind AS 115)

• Financial instruments (Ind AS 109)

• Leases (Ind AS 116)

• Business combinations (Ind AS 103)

• Employee benefits and share-based payments

• Impairment testing and fair valuation concepts

We translate complex standards into practical accounting treatment.

Ind AS Compliant Financial Statements & Disclosures

We prepare:

• Ind AS compliant financial statements

• Notes to accounts and disclosures

• Accounting policy documentation

• Management explanations and working papers

All documentation is audit-ready and regulator-compliant.

Ind AS Support for Audits & Assessments

We assist during:

• Statutory audits

• Internal audits

• Group audits

• Due diligence and investor reviews

We coordinate with auditors to resolve Ind AS technical matters efficiently.

Why Choose N D Savlaa & Associates for Ind AS?

• Chartered Accountants with Ind AS expertise

• Practical, business-oriented approach

• Strong audit and regulatory understanding

• Clear documentation and transparent process

• Experience across multiple industries

We don’t just apply Ind AS. We help you understand its impact on your business.

Who We Serve

Our Ind AS services are suitable for:

• Listed and unlisted companies

• Group entities and subsidiaries

• NBFCs and financial entities

• Companies preparing for IPO or fund raise

• Businesses transitioning from AS to Ind AS