Finance
Sock JohnsonIrdai's April 2026 Shift to Ind AS: Get Ready to Rumble!
Ladies and gentlemen, the Insurance Regulatory and Development Authority of India (Irdai) is ready to rumble! Starting April 1, 2026, insurers are switching from Igaap to the electrifying Ind AS! Why? To shine on the global stage and attract foreign investors! With parallel reporting and independent audits, it's a financial showdown that’s going to shake the arena!
few days ago | Aathira Varier
Quick rundown
1.Irdai proposes transition to Indian Accounting Standards by April 1.
2.The move aims to align with International Financial Reporting Standards.
3.Transition expected to enhance transparency and attract foreign investors.
4.Insurers will report both Ind AS and Igaap statements in the first year.
5.Stakeholders invited to comment on the proposal by March 24.
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Quick rundown
1.Irdai proposes transition to Indian Accounting Standards by April 1.
2.The move aims to align with International Financial Reporting Standards.
3.Transition expected to enhance transparency and attract foreign investors.
4.Insurers will report both Ind AS and Igaap statements in the first year.
5.Stakeholders invited to comment on the proposal by March 24.