Question

Accounting Standards in India are issued by​

Answer 1

Answer:

In India, the Accounting Standards Board (ASB) of the Institute of Chartered Accountants of India (ICAI) is responsible for setting accounting standards (AS). ... The ASB of ICAI has issued 19 accounting standards so far.

Answer 2

Answer:

Indian Accounting Standard (abbreviated as Ind-AS) is the Accounting standard adopted by companies in India and issued under the supervision of Accounting Standards Board (ASB) which was constituted as a body in the year 1977. ... MCA has to spell out the accounting standards applicable for companies in India.