Accounting Standards Board

Welcome to the Accounting Standards Board

Chairman

CA. MANOJ FADNIS

Functions/Objectives/Terms of Reference

	To conceive of and suggest areas in which Accounting Standards need to be developed.
	To formulate Accounting Standards with a view to assisting the Council of the ICAI in evolving and establishing Accounting Standards in India.
	To examine how far the relevant International Accounting Standard/International Financial Reporting Standard can be adapted while formulating the Accounting Standard and to adapt the same.
	To review, at regular intervals, the Accounting Standards from the point of view of acceptance or changed conditions, and, if necessary, revise the same.
	To provide, from time to time, interpretations and guidance on Accounting Standards.
	To carry out such other functions relating to Accounting Standards.

Elected Members of the Council of ICAI on the Accounting Standards Board:

CA. Manoj Fadnis, Chairman
CA. S. Santhanakrishnan, Vice-Chairman
CA. Amarjit Chopra, President (Ex-Officio)
CA. G. Ramaswamy, Vice-President (Ex-Officio)
CA. Pankaj I. Jain
CA. Nilesh S. Vikamsey
CA. Shiwaji B. Zaware
CA. Atul C. Bheda
CA. Dhinal A. Shah
CA. Madhukar N. Hiregange
CA. K. Raghu
CA. Abhijit Bandyopadhyay
CA. Naveen N.D. Gupta
CA. Vinod Jain
CA. Rajkumar S. Adukia
CA. Subodh Kumar Agrawal
Smt. Renuka Kumar, IAS
Shri K.P. Sasidharan
Smt. Usha Naryanan
Shri Prithvi Haldea
Shri Sidharth Birla

List of Co-opted members/Special invitees/representatives of the outside bodies:

CA. Sanjay Vij (FICCI)
CA. Manaswy Kothari (ASSOCHAM)
CA. P. R. Ramesh
CA. S. C. Vasudeva
CA. Sanjeev Kumar Singhal
CA. Bhavna Gautam Doshi (Research Committee)
CA. Sanjeev Maheshwari (Expert advisory committee)
Shri Sanjay Grover (ICSI)
CA. T.N. Manoharan (CII)
Shri Parag Basu (SEBI)
Shri Chandra Wadhwa (ICWAI)
CA. Jayant Gokhale
CA. P. Sitaram (IDBI)
CA. R.K. Sharma (IRDA)
Dr. R.K. Chauhan (UGC)
Shri P.R. Ravi Mohan (RBI)
Prof. Asish K. Bhattacharyya (IIM Calcutta)
Shri Sushil Solanki (CBEC)
CA. Amarthaluru Subba Rao
CA. Akshay Kumar Gupta
Shri Akshay Bhalla
Dr. A.M. Sherry
CA. C. Ramakrishnan
CA. Charanjit S. Attra
CA. Archana Bhutani

Secretary to the Board, Dr. Avinash Chander

Knowledge Sharing

	Indian Accounting Standards - A Perspective
	Announcements of the Council Regarding Status of Various Documents Issued by the Institute of Chartered Accountants of India
	Preface to the Statements of the Accounting Standards (revised 2004)
	Framework for the Preparation and Presentation of financial Statements
	Accounting Standards issued by the ICAI
	Accounting Standards notified by the Central Government under the Companies Act
	Accounting Standards Interpretation
	Background Material for Seminars
	Concept Paper on Convergence with IFRSs in India
	Convergence with IFRS From 1st April 2011, Where We Stand as on 02-02-09
	ASB Guidance on Implementing AS 15, Employee Benefits (revised 2005)
	Exposure Drafts of Converged Accounting Standards issued by Accounting Standards Board
	IASB Documents issued for comments
	Information about certain Accounting Bodies outside India

Recent significant Achievements

detailed info...

	Issuance of Guidance Notes consequent to withdrawal of Accounting Standards Interpretations

Circulars

	Ministry of Corporate Affairs
	The Securities & Exchange Board of India
	The Reserve Bank of India
	The Insurance Regulatory and Development Authority

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