|Accounting Standards Board
The Institute of Chartered Accountants of India
7th February, 2023
|Exposure Draft of Guidance Note on Financial Statements of Non-Corporate Entities for comments
The Accounting Standards Board (ASB) of the ICAI in June 2022 had issued Technical Guides on “Financial Statements of Non-Corporate Entities”to deal with applicability of Accounting Standards and recommending formats of the financial statements to these entities. The ASB has now proposed to prescribe the formats for presentation of financial statements of these entities in the form of Guidance Note. The objective of proposed Guidance Note is to further ensure that these formats of financial statements are followed to achieve standardisation and enhance the quality of the financial reporting by these entities.
Comments on the abovementioned Exposure Draft may be submitted through any of the following modes: