Jaitley Ji Said… — But No One Adopted Ind AS Voluntarily | Learn the Story Behind the Rules | Ind As

That’s the story behind the rules. When I think about the rollout of Ind AS during Arun Jaitley’s time as Finance Minister, one thing really stands out to me. Companies were given a choice. They could start using Ind AS in 2015–16, or wait until it became compulsory in 2016–17. What I find surprising is this: even with the option, no company chose to adopt it early. To me, this says a lot about how we behave. I’ve noticed that when something is optional, we tend to delay it—especially if it involves extra effort or uncertainty. I see it like this: if there’s no pressure, we wait. If it becomes compulsory, we act. It reminds me of students skipping classes if attendance wasn’t required. So, for me, this isn’t just about accounting standards. It’s a simple truth about human nature— we usually act only when we have to. #IndAS #AccountingStandards #IFRS #ArunJaitley #Finance #CorporateBehavior #HumanNature #MandatoryVsVoluntary #BusinessInsights #BehavioralEconomics