Early Adoption of IFRS may win investor confidence

A voluntary, early adoption of the International Financial Reporting Standard (IFRS) by Indian companies would help allay concerns of overseas investors, particularly in the wake of the Satyam scam, a senior Infosys executive said.

India has agreed to use IFRS as its accounting standard from fiscal 2011-12.

"It’s very important for India to reiterate commitment to IFRS and ask large companies to adopt it a year earlier. It will send a very strong signal that India stands for the highest standards in the world."

TV Mohandas Pai, Infosys director for HR, education & research and administration.

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