A STUDY ON ROLE OF THE CHARTERED ACCOUNTANT-INDIAN ACCOUNTING STANDARDS [Ind AS] AND THE COMPANY SECRETARY – SECRETARIAL STANDARDS [SS]
AUTHOR – YUKTHANKITHA K* & Dr. S MARUTHUVIJAYAN**
* STUDENT AT SCHOOL OF EXCELLENCE IN LAW, TAMIL NADU DR. AMBEDKAR LAW UNIVERSITY.
** ASSISTANT PROFESSOR AT SCHOOL OF EXCELLENCE IN LAW, THE TAMIL NADU DR. AMBEDKAR LAW UNIVERSITY.
BEST CITATION – YUKTHANKITHA K & Dr. S MARUTHUVIJAYAN, A STUDY ON ROLE OF THE CHARTERED ACCOUNTANT-INDIAN ACCOUNTING STANDARDS [Ind AS] AND THE COMPANY SECRETARY – SECRETARIAL STANDARDS [SS], INDIAN JOURNAL OF LEGAL REVIEW (IJLR), 5 (7) OF 2025, PG. 85-92, APIS – 3920 – 0001 & ISSN – 2583-2344
ABSTRACT
This paper examines the role and impact of Indian Accounting Standards (Ind AS) and Secretarial Standards (SS) in promoting financial transparency and effective corporate governance in India. Ind AS, which aligns with International Financial Reporting Standards (IFRS), aims to standardize the accounting practices followed by Indian companies, ensuring uniformity in financial reporting and enhancing the credibility of financial statements. By adopting these standards, businesses can offer more transparent, accurate, and comparable financial data, thereby fostering trust with investors and stakeholders. In parallel, the Secretarial Standards (SS), established by the Institute of Company Secretaries of India (ICSI), focus on ensuring compliance with corporate laws and regulations pertaining to corporate meetings, board governance, and record-keeping. These standards are vital in ensuring that companies operate in accordance with legal and regulatory frameworks, thereby promoting good corporate governance practices. While some of these standards are voluntary, they are increasingly becoming crucial for the effective operation of businesses. This paper further explores the connection between Ind AS and Secretarial Standards, highlighting how both frameworks work together to strengthen governance, ensure legal compliance, and enhance organizational accountability. Compliance with these standards is essential for building long-term business sustainability and maintaining investor confidence in India’s corporate sector.
KEY WORDS: Indian Accounting Standards, Secretarial Standards, IFRS, ICSI.