This study endeavours to recognize the preparedness, advantages and pitfalls associated with International Financial Reporting Standards (IFRS) enforcement in India. The data have been complied using purposive sampling technique from 75 accounting individuals from diverse corporate sectors of India, and the research findings of the article convey that the whole accounting community is extremely positive about the advantages related to IFRS enforcement, but they too considered challenges a major roadblock towards smooth implementation. There are few studies available reporting the readiness towards this high-quality international accounting standards in India, which intrigued the authors to evaluate the readiness level in the country regarding IFRS-based Ind-AS. The current accounting system in India calls for extensive training in terms of IFRS technicalities, seminars and workshops on a large scale should be embarked upon by all educational institutions, accounting regulatory bodies, accounting professional organizations such as ICAI, KPMG and other accounting experts to impart and share knowledge about IFRS for a smooth enforcement of IFRS.
Balfanz et al. in 2003, introduced the primitive secret handshakes (SH) as a two party protocol together with a notion of roles and implements it using pairing based cryptography, the scheme allows two parties to make a match (authentication & verification) and derive a shared common session key if and only if they belong to
Balfanz et al. in 2003 introduced secret handshakes as mechanisms designed to prove group membership and share a secret key between two fellow group members. A secret handshake protocol allows two users to mutually verify another's authenticity without revealing their own identity. In a secret handshake Verification if the verification succeeds the users may compute a common shared key for further communication. Thus secret handshakes can be appropriately turned into an authenticated key exchange protocol. The present paper proposes two secret handshakes scheme based on variations DSS-1 and DSS-2 of DSS signature. It is shown that proposed schemes are secure under the random oracle model along with comparison of computational complexity of proposed schemes with existing schemes.
This study is conducted to assess the internal audit practice in Kindo Koyisha Woreda Finance and Economic Development Bureau, Ethiopia. Internal auditing is an indispensable tool of the organization to achieve its objective of profitability and to evaluate and enhance its risk management, control, and governance procedures. In the present study, researchers attempted to identify the strength and weaknesses of the internal auditing practice of the organization. To assess this study the researcher uses the descriptive type of the research design and regarding the data are would be collected from both primary and secondary sources. Regarding the sample size, the judgmental or purposive sampling techniques would be used. The total population of the study is 53 from these the researcher select only 20 employees of the organization by using the purposive or judgmental sampling techniques .the internal auditor of kindo koyisha woreda finance and economic development have low understandings of the audit procedure, detail accounting knowledge, and the employees of the organization did not understand the internal control of the organization. But the internal auditory of the organization has good work experience. Based on the above finding the researcher recommends the organization would have to hire CPA qualified auditors because they can match the audit activity with the current principle and standards and the organization to give periodic training for internal auditors about audit guidelines and principles by inviting high-level auditors.
We endeavor to examine the benefits and the key challenges associated to International financial reporting standards enforcement in India in the current paper. The research is founded on structured questionnaire survey of 150 accounting professionals and applied purposive sampling technique to assemble the data from target respondents from various business sectors of India. The data from secondary sources,conducted through personalized interview, has been examined qualitatively with respect to IFRS convergence.The research outcome contributes to the existing literature stating that the respondents are optimistic about the benefits related to IFRS adoption but the challenges are too a major roadblock. Since the enforcement of IFRS has already initiated in India thus it is imperative to comprehend the benefits and cost associated with IFRS in Indian context. This study results recognizes that though convergence process with IFRS will pose few key challenges but the overall benefit will overweigh the challenges. This study recommends that IFRS training seminars and workshops at massive scale should be embarked upon by regulatory bodies, professional organizations like ICAI, KPMGs and other training institutions to provide for a smooth transition from local standards to IFRS.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
hi@scite.ai
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.