In your interest.
Online Personal Finance Magazine
No beating about the bush.
The government is expected to announce the Indian Government Accounting Standard (IGAS) which is likely to become mandatory from FY2010-2011. The IGAS is based on the International Public Sector Accounting Standards (IPSAS) issued by IPSAS Board which specifies the international framework for government accounting. Indian government departments do not use uniform accounting norms, like Indian...