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.
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 Vijay Jhalani
CA. Manaswy Kothari (ASSOCHAM)
CA. Sanjay Vij (FICCI)
CA. Amarvir Saran Das (RBI)
CMA S. Papa Rao (The Institute of Cost Accountants of India)
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