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Kochi, Sept. 9

The Institute of Chartered Accountants of India has taken proactive measures to ensure that chartered accountants are not lagging behind in facing the challenges posed by sweeping changes in the economy across the globe, according to Mr Ved Kumar Jain, Vice- President, ICAI. In line with that, ICAI has decided to converge accounting standards in the country with International Financing Reporting Standards (IFRS) by 2011, he said in his inaugural address at the national seminar organised by Corporate and Allied laws Committee of ICAI and Ernakulam branch of SIRC of ICAI here. Around 500 members attended. - Our Bureau

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