IFRSCanada: 2011 - we are not alone

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Do you do business in India or with India? IFRS will be mandatory there for "public interest entities" for accounting periods commencing on or after 1st April, 2011. The IFRSs will be adopted for the listed entities and other "public interest" entities such as banks, insurance companies and large-sized entities.

The announcement (July 2007) can be found on the IASB website at

http://www.iasb.org/News/Press+Releases/India+announces+convergence+with+IFRSs+for+public+interest+entities+from+2011.htm