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Accounting Standards Board

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Welcome to the Accounting Standards Board
Chairman
CA. Shiwaji Bhikaji Zaware
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 Financial Reporting Standards 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 proactively participate with the national and international bodies engaged in the Standard-setting process, such as, sending comments on various consultative papers such as Exposure Drafts, Discussion Papers etc., issued by International Accounting Standards Board and various other international bodies such as Asian-Oceanian Standard-Setters Group(AOSSG).
  • To carry out such other functions relating to Accounting and Accounting Standards.
Members
  • CA. Shiwaji Bhikaji Zaware, Chairman
  • CA. M P Vijay Kumar, Vice Chairman
  • CA. Naveen N D Gupta, President (Ex-officio)
  • CA. Prafulla Premsukh Chhajed, Vice-President (Ex-officio)
  • CA. Tarun Jamnadas Ghia
  • CA. M. Devaraja Reddy
  • CA. Nandkishore Chidamber Hegde
  • CA. Nihar Niranjan Jambusaria
  • CA. Dhiraj Kumar Khandelwal
  • CA. Dhinal Ashvinbhai Shah
  • CA. Nilesh Shivji Vikamsey
  • CA. Babu Abraham Kallivayalil
  • CA. G Sekar
  • CA. K Sripriya
  • CA. (Dr.)Debashis Mitra
  • CA. Shyam Lal Agarwal
  • CA. Manu Agrawal
  • CA. Kemisha Soni
  • CA. Prakash Sharma
  • CA. Mukesh Singh Kushwah
  • CA. Sanjay Agarwal
  • CA. Sanjiv Kumar Chaudhary
  • CA. Sanjay Vasudeva
  • CA. Atul Kumar Gupta
  • Shri Anurag Agarwal
  • Ms. Ritika Bhatia
  • Shri Vijay Jhalani
Co-opted Members
  • CA. Manaswy Kothari (ASSOCHAM)
  • CA. Sanjay Vij (FICCI)
  • CA. Amarvir Saran Das (RBI)
  • CMA S. Papa Rao (The Institute of Cost Accountants of India)
  • CA. Kanakaraj Antonysamy K
  • CA. K. Sairam
  • CA. Atul Aggarwal
  • CA. Yagnesh Desai
Special Invitees
  • CS. Ashish C Doshi, Council member, (ICSI)
  • Smt. B. Padmaja (IRDAI)
  • Shri TVVPS Chakravarti T (SEBI)
  • Smt. Soma Roy Burman (CGA)
  • Shri. Sanjoy Kumar Goel (IBA)
  • CA. Manoj Fadnis, Indore
  • CA. K. Sairam, Chennai
  • CA. Vijay S. Maniar, Mumbai
  • CA. Sandeep Shah, Mumbai
  • CA. Santosh Maller, Mumbai
  • CA. Vijay Bhatt, Mumbai
  • CA. Viraf Mehta, Mumbai
  • CA. Viren H. Mehta, Mumbai
  • Dr. Avinash Chander, New Delhi
  • CA. (Dr.) Asish K. Bhattacharyya, New Delhi
  • CA. Mohinder Khanna, New Delhi
  • CA. K. K Tulshan, New Delhi
  • CA. Ashish Bansal, New Delhi
  • CA. Paul Alvares, Pune
  • CA. Shiraz Vastani, Pune
  • CA. R.G. Rajan, Chennai
  • CA. Saradindu Dutta, Kolkata
  • CA. Amit Lodha, Kolkata
  • CA. Barindra Sanyal, Mumbai
  • CA. Sumit Seth, Mumbai
  • CA. Ajay Mittal, Mumbai
  • CA. Chinnaswamy Ganeshan, Chennai
  • Mr. R Sankaraiah (CII)
  • Shri Sudhir Kapoor (MCA)
  • CA. S. Sethuraman
  • CA. Uday Phadke
  • CA. Sanjeev Maheshwari
  • CA. Anand Banka
  • CA. Naman Agarwal
  • CA. Navneet Mehta
  • CA. Amit Borkar
  • CA. Rakesh Agarwal
Secretary to the Board: CA. Vidhyadhar Kulkarni, Technical Consultant

Ind AS Implementation Group under ASB
Secretary to the Group: CA. Geetanshu Bansal

Welcome to the Accounting Standards Board
IFRS Convergence - Projects in progress
ASB Meetings updates
FAQs issued by the Accounting Standards Board
Clarification on Press Release (Implementation of Ind AS 115, Revenue from Contracts with Customers in context of Real Estate Sector) dated July 20, 2018.
ASB Conference & Events
Framework for the Preparation and Presentation of Financial Statements in accordance with Indian Accounting Standards
The Companies (Indian Accounting Standards) Rules, 2015
Submit comment online on various documents issued by the ASB
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
Guidance Notes issued by Accounting Standards Board
Concept Paper on Convergence with IFRSs in India
Exposure Drafts issued by Accounting Standards Board
Comments submitted by ICAI on documents issued by IASB
IASB Documents issued for comments
IFRS Foundation Documents issued for comments
Other Publications
Information about certain Accounting Bodies outside India
Archives-ASB
   
Circulars/Notification/Press releases
Ministry of Corporate Affairs
The Securities & Exchange Board of India
The Reserve Bank of India
The Insurance Regulatory and Development Authority
   
Contact Us
E -Mail: asb@icai.in, vidhyadhar.kulkarni@icai.in, commentsasb@icai.in, tdte@icai.in
     
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