alleryStart learning →Once a company follows Ind AS, can it revert to the old method?
ANo, it cannot revert
BYes, after one year
CYes, with auditor consent
DYes, after three years
Answer & Solution
Correct answer: A. No, it cannot revert
Whether adopted voluntarily or mandatorily, a company that moves to Ind AS cannot go back to the earlier method.
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