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Find information on why or why not India adopted IFRS and what issues were noted...

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Accounting

Find information on why or why not India adopted IFRS and what issues were noted during the decision process. Did they adopt all of the IFRS standards? How are they regulating IFRS (e.g. do they fully endorse all standards, or review and modify IFRS standards)? Is there any information on how they address issues such as private companies versus not-for-profits? Has their auditing oversight mechanism changed (or been created) as a result of IFRS adoption? (2-3 page)

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