MCA has announced 35 accounting standards!!
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 February 2011
To anyone who can solve the query
Indian Accounting Standards Board (IASB) is converging our Indian Standards alongwith IFRS and the same is named as IAS.
Now Ministry of Corporate Affairs has announced the text of 35 IAS which are very bulky. Are these the same as the ones given out by IASB?
If am on a completely wrong path, kindly explain as am totally confused !!
Indian Accounting Standards Board (IASB) is converging our Indian Standards alongwith IFRS and the same is named as IAS.
Now Ministry of Corporate Affairs has announced the text of 35 IAS which are very bulky. Are these the same as the ones given out by IASB?
If am on a completely wrong path, kindly explain as am totally confused !!
28 February 2011
You are wrong.
Firstly , the name of new standards has been given as " IND AS.
IND AS is on the basis of IFRS and IAS.
No these are not on the line of AS.
Firstly , the name of new standards has been given as " IND AS.
IND AS is on the basis of IFRS and IAS.
No these are not on the line of AS.
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