Accounting Standards Board
The Institute of Chartered Accountants of India
4th July 2022
An interim financial report is a complete or condensed set of financial statements for an interim period which is shorter than a full financial year. Ind AS 34 does not specify which entities must publish an interim financial report. This is generally a matter for relevant law and government regulations. Ind AS 34 applies if an entity following Ind AS in its annual financial statements publishes an interim financial report that asserts compliance with Ind AS. Ind AS 34 prescribes the minimum content of such an interim financial report. It also specifies the recognition and measurement principles applicable to an interim financial report.
This Educational Material provides guidance in the form of Frequently Asked Questions (FAQs) on the practical issues that the preparers of the financial statements face while applying this Ind AS.
Relevant link to download the Educational Material: https://resource.cdn.icai.org/70876asb56847.pdf