Ind AS adoption will lead to tax uncertainty for Indian general, health, and reinsurance companies
Summary Indian insurance companies are required to adopt Ind AS (the Indian equivalent of the IFRS standards) as the basis for financial reporting effective either 1 April 2026 or 1 April 2027. The Income Tax Act…
Independent validation for Ind AS implementation in Indian insurance companies
Background Indian insurance companies are required to adopt Ind AS (the Indian equivalent of the IFRS standards) as the basis for financial reporting effect either 1 April 2026 or 1 April 2027. The relevant regulation…
Actuaries in insurance audits in India: Detailed FAQs
Background Use the "contents" / "in this article" panel for easy navigation. As mentioned in our earlier article, actuarial liabilities have now been brought within the scope of statutory audits in India for Ind AS…
IFRS adoption brings India's actuarial liabilities under audit scope
Background and adoption date Indian insurance companies so far have been reporting financial results under Indian GAAP. Following a preparatory period, the Indian insurance regulator, IRDAI, has asked insurance companies…