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Voluntary US GAAP Disclosure in India: The Case of Infosys Technologies Limited
Author(s) -
Narayanaswamy R.
Publication year - 1996
Publication title -
journal of international financial management and accounting
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.818
H-Index - 37
eISSN - 1467-646X
pISSN - 0954-1314
DOI - 10.1111/j.1467-646x.1996.tb00069.x
Subject(s) - business , accounting , incentive , voluntary disclosure , liberalization , internationalization , finance , economics , international trade , market economy
This paper describes the impact of economic liberalisation in India on financial reporting. It explains the role of internationalisation of business on financial reporting by firms. Infosys Technologies Limited, a leading Indian software company with extensive international operations, has recently provided supplementary unaudited US GAAP financial statements in addition to the financial statements required under Indian company law. The paper presents a case study of this company to illustrate the incentives for voluntary non‐domestic GAAP financial statements in corporate reports.