Question

Names of two accounting institutions in India who can develop Accounting standards​

Answer 1

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The Institute of the Chartered Accountants of India (ICAI) is the body that sets up the Accounting Standards in India. In 2006, ICAI initiated the process of shifting towards the International Financial Reporting Standards (IFRS). International Accounting Standards Board (IASB) issues the IFRS.

Answer 2

Answer:

The central government of indian issued india accounting standards in consultation with the national advisory commitee on accounting standards NACAS.