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Can any1 tell me ?

Ankit Madhogarhia (Pursuing Final) (531 Points)

01 April 2010

Hi,

Can anyone tell me is there any difference between AAS & SA except the section number.

wat are the SA applicable for may 2010?

Regards,

Ankit Madhogarhia

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7 Replies

Ashish M (Chartered Accountant) (2731 Points)
Replied 01 April 2010

SA's r issued in line with the international standards. Since IFRS's also getting applicable which r in line with the world over accounting practices, its nice practice here to change the auditing methods to in line with the same. they are applicable instead of ASS's. U can refer the april's journal for information regarding the SA's coming !!!!!!!!!!!

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CA Anurag Garg (Chartered Accountant) (339 Points)
Replied 01 April 2010

all the AASs have been revised and 3-4 new SAs are also issued but no significant changes have been made in so called revised AASs

ganesh bhandari (B.Com Final C.A. Final CS Article Clerk ) (239 Points)
Replied 02 April 2010

Agree with Ashish..

CA Devender Chauhan (Group Financial Accountant) (1526 Points)
Replied 02 April 2010

Originally posted by : Ashish M
	SA's r issued in line with the international standards. Since IFRS's also getting applicable which r in line with the world over accounting practices, its nice practice here to change the auditing methods to in line with the same. they are applicable instead of ASS's. U can refer the april's journal for information regarding the SA's coming !!!!!!!!!!!