Announcement Details

10-04-2018

Exposure Drafts issued by the IASB for comments

Dear Sir/Madam,
 
Sub:    Exposure Drafts issued by the IASB for comments
 
As you are kindly aware, Indian Accounting Standards (Ind AS) are based on the IFRS issued by the International Accounting Standards Board (IASB). The IASB, before issuing the new/amendments to IASs, issues the Exposure Draft for public comments. The Accounting Standards Board (ASB) with the aim to provide an opportunity to the various stakeholders in India to raise their concerns at the Exposure Draft stage itself so that these concerns are appropriately addressed, invites comments on the Exposure Drafts issued by the IASB. At present, following Exposure Draft issued by IASB is open for comments:
 
  1. Accounting Policy Changes (Proposed amendments to IAS 8)
 
In this Exposure Draft, the International Accounting Standards Board (Board) proposes to amend IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors. The Board expects these amendments to facilitate the application of particular voluntary changes in accounting policy, improving the overall quality of financial reporting.
 
The above mentioned Exposure Draft is hosted on the website of the Institute of Chartered Accountants of India (www.icai.org) for public comments with last date as May 07, 2018, that may be accessed at the following link: https://www.icai.org/new_post.html?post_id=14638
 
Comments on the abovementioned Exposure Draft may be submitted through any of the following modes:
 
1
Electronically:
Click on http://www.icai.org/comments/asb/
to submit comment online (Preferred method)
                
2
Email:                           
 
Comments can be sent to: commentsasb@icai.in
3
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 this Exposure Draft may be sought by e-mail to asb@icai.in.
 
Thanking you,
 
Yours faithfully,
 
 
Chairman
Accounting Standards Board

Eirc Tv

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