In this episode of the EY India Insights podcast, we unpack Ind AS 118, a new accounting standard set to redefine financial performance reporting. Jigar Parikh and Devesh Prakash, Partners, FAAS, EY India, discuss how this goes beyond compliance to become a strategic transformation for businesses.

The conversation covers key changes, including the restructuring of the profit and loss statement, the rise of management‑defined performance measures, and enhanced aggregation and disclosure requirements. It also highlights the broader impact across governance, technology, controls, and investor communication.

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