ICAI issues Exposure Draft on Framework for Preparation and Presentation of Financial Statements (Revised 20XX)
Following is the Exposure Draft of the Framework for the Preparation and Presentation of Financial Statements (Revised 20XX), issued by the Accounting Standards Board of the Institute of Chartered Accountants of India, for comments. The Board invites comments on any aspect of this Exposure Draft. Comments are most helpful if they indicate the specific paragraph or group of paragraphs to which they re late, contain a clear rationale and, where applicable, provide a suggestion for alternative wording.
Comments should be submitted in writing to the Secretary, Accounting Standards Board, The Institute of Chartered Accountants of India, ICAI Bhawan, Post B ox No. 7100, Indraprastha Marg, New Delhi – 110 002, so as to be received not later than January 28, 2011. Comments can also be sent by e -mail at edcommentsasb@icai.org or asb@icai.org .
(Full text of the Exposure Draft of ‘Framework for the Preparation and Presentation of Financial Statements’ is attched below.)
