Question

in India,accounting standards are issued by_________

Answer 1

 Accounting Standards Board (ASB) 


hope this will help you out

Answer 2

The  Accounting Standards are issued under the authority of the Council of the ICAI.

The ASB- Accounting Standards Board has also been entrusted with the responsibilty of propagating the Accounting Standards and of persuading the concerned parties to adopt them in the preparation and presentation of Financial Statements.

The ASB will provide interpretations and guidance on issues arising from Accounting Standards.

The ASB will also review the Accounting Standards at periodic intervals and, if necessary , revise the same.