The Institute of Chartered Accountants of India
(Setup by an Act of Parliament)
(Setup by an Act of Parliament)
The Accounting Standards Board (ASB) of the ICAI in June 2022 had issued Technical Guides on “Financial Statements of Non-Corporate Entities” to deal with applicability of Accounting Standards and recommending formats of the financial statements to these entities. The ASB has now proposed to prescribe the formats for presentation of financial statements of these entities in the form of Guidance Note. The objective of proposed Guidance Note is to further ensure that these formats of financial statements are followed to achieve standardisation and enhance the quality of the financial reporting by these entities.
How to comment:
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Electronically: |
Click on "submit a comment letter" below (Preferred method) |
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Email: |
Comments can be sent to: commentsasb@icai.in |
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Postal: |
Secretary, Accounting Standards Board, The Institute of Chartered Accountants of India, ICAI Bhawan, Post Box No. 7100, Indraprastha Marg, New Delhi 110 002 |
Further clarifications on the Exposure Draft may be sought by e-mail to asb@icai.in.
The Exposure Draft is open for comment until 8th March, 2023
| Due process documents |
| Exposure Draft on Guidance Note on Financial Statements of Non-Corporate Entities [PDF] |