PwC has developed a flexible and time-efficient methodology called Rapid-GAAP methodology. Rapid-GAAP enables an efficient and effective transition to IFRS/Ind AS with minimum required changes. This is relevant for all companies for whom Ind AS implementation is mandatory and other companies directly intending to have Ind AS set of financial statements.
Transition IFRS methodology
Through 16 years of successful conversions across Europe, Asia and the US, PwC has developed and honed a leading practice methodology called Transition IFRS. This can serve as a basis for you to consider in developing an approach to your own unique conversion process, positioning you to address your specific needs, especially in implementation of Ind AS.
Features of the Transition IFRS methodology