IFRS convergence and accounting quality: A comparative analysis of global and Indian corporate

Abstract

This paper provides a thorough explanation of the global effects of International Financial Reporting Standards (IFRS) adoption on accounting quality, with special attention paid to Indian situation. It highlights the role of IFRS in promoting uniformity, comparability, and transparency in financial reporting. While IFRS has had generally positive effect on accounting quality, its use in different countries and areas has yielded varying results. The analysis extensively reports the intricate complexities of the Indian scenario and emphasises the significance of constant monitoring, careful review and determined efforts to overcome implementation obstacles in order to sustainably improve accounting quality in the Indian corporate within the IFRS framework.