Accountancy, asked by Balajinaik2579, 1 year ago

Explain the role of icai in preparation of various accounting standards

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Answered by sahidujali
2
(vi) To carry out such other functionsrelating to Accounting Standards. The main function of the ASB is to formulate Accounting Standards so that such standards may be established by the ICAI in India. ... TheAccounting Standards are issued under the authority of the Council of the ICAI.
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