CHECKLIST FOR DISCLOSURES UNDER ACCOUNTING STANDARDS

The Research Committee of the Institute of Chartered Accountants of India has issued a new publication ‘Checklist For Disclosures Under Accounting Standards’.  The Institute has been issuing, from time to time, various accounting standards, interpretations, statements, announcements and guidance notes on accounting.  These pronouncements aim at preparation and presentation of financial statements with proper disclosure of accounting policies followed by the reporting entity. 

This publication is intended to be a ready reference for

1. Disclosure requirements of various accounting standards.
2. Disclosure requirements of interpretations, announcements and guidance notes on accounting issued by the Institute, insofar as they are related to a matter covered by an accounting standard.
3. Disclosure requirements of Schedule VI to the Companies Act, 1956, insofar as they are related to a matter covered by an accounting standard.

This publication covers the pronouncements of the Institute of Chartered Accountants of India as on January 1, 2007.  A Guide to use the checklist is also given at the beginning.