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Requirement to follow Accounting Standards / Ind-As, Accounting - Auditing |
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Requirement to follow Accounting Standards / Ind-As |
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Whether all the persons, business entities or companies are required to follow the Accounting Standards prescribed by the ICAI or MCA? There are various kinds of standards as prescribed. Which one is to be followed for an entity. Posts / Replies Showing Replies 1 to 2 of 2 Records Page: 1
There are 2 types of standards on Accounting as prescribed by MCA and recognised by ICAI
For the purpose of application of above mentioned standards one has to check net worth of the entity/companies For more clarification refer Manuals on Indian Accounting Standard
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