Ind AS Awareness and Perceived Reporting Benefits among Indian Accounting Professionals
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Abstract
The adoption of Indian Accounting Standards represents a major step toward aligning India’s financial reporting framework with IFRS. Although regulatory adoption has occurred, effective implementation of Ind AS depends, among other factors, on accounting professionals' knowledge and understanding. This study examines the relationship between Ind AS awareness and perceived reporting benefits among accounting professionals in India. Data were collected by purposive sampling from January to April 2026 from 250 accounting professionals. The measurement instrument was evaluated using Cronbach’s alpha, Exploratory Factor Analysis, confirmatory factor analysis and structural equation modelling. The results show that the measurement model shows satisfactory reliability and validity, while the structural model shows an overall acceptable fit. However, the structural path analysis shows no statistically significant relationship between Ind AS awareness and perceived earnings quality, usefulness of financial information, transparency plus comparability, and global relevance. The results indicate that Ind AS awareness alone may not be sufficient to strengthen professionals' perceptions of the reporting benefits associated with Ind AS. The study offers empirical evidence from the Indian context. It gives insights for regulators, professional accounting bodies, educational institutions, and organisations to strengthen Ind AS implementation through continuous vocational training, capacity building, and practical exposure to Ind AS requirements.
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