Dear Professional Colleague,
Namaste!
We are pleased to share that the Accounting Standards Board (ASB) of ICAI has released Compendium of Indian Accounting Standards (Ind AS) (as on April 01, 2022) along with e-version of related guidance material at the occasion of CA Day held on July 01, 2022.
Compendium of Ind AS is a comprehensive up-to-date version encompassing all the rounds of amendments issued by MCA till date that are effective as of 1st April, 2022. Further, the guidance material comprises IFRS Part B (Accompanying Guidance such as illustrative examples, implementation guidance etc) and IFRS Part C (Bases for Conclusions), which is the basis of Ind AS. Since, Ind AS are derived from IFRS Standards issued by the IFRS Foundation, it is useful and appropriate to read Ind AS along with the guidance material of IFRS Standards.
Ind AS and related Guidance Material can be accessed at https://www.icai.org/new_post.html?post_id=15361.
We are hopeful that ICAI members and other stakeholders will be extensively benefited from this comprehensive updated set of Ind AS and related guidance material.
Thanking you,
Yours sincerely,
Chairman
Accounting Standards Board, ICAI
