Auditing firm PricewaterhouseCoopers and Indian Institute of Management – Calcutta on Tuesday signed an agreement to launch dedicated executive programmes on International Financial Reporting Standards which will be adopted by India by 2011.
'PwC and IIM-C will also develop the concept and position papers on various IFRS-related technical matters and industry related issues, beside delivering training,' PwC Partner and National Leader on IFRS Kaushik Dutta said during the media announcement.
'IIM-C will run a executive programme on IFRS jointly with PwC in order to update finance and accounts executives on new set of reporting,' IIM-C Dean Prof Saibal Chattopadhayay said.
IFRS is the standard which would be adopted by more than 100 countries in next few years and financial reporting by an organisation under this format would be acceptable globally.
The training courses are expected to be introduced from November. The first course would be of a seven-day duration and another would be longer.
'We want to deliver both classroom and satellite-based distance learning few months from now,' Dutta said.
PwC, which would provide technical inputs to the programme, would not share any revenue from the courses charged by IIM-C. However, IIM-C said the fee structure was yet to be finalised.
Meanwhile, Dutta said PwC would also offer its inputs for preparing some materials on IFRS for Institute of Chartered Accountants of India members.