Question

Who regulates accounting standards in India?

Answer 1

In India, the accounting standards are regulated by the Accounting Standards Board (ASB) which is a part of the Institute of Chartered Accountants in India (ICAI).

Also read:

• Difference Between Cash Basis and Accrual Basis of Accounting
• Accrual Basis of Accounting
• GAAP Generally Accepted Accounting Principles
• Applicability of IND AS
• Difference Between IFRS and IND AS
• Difference Between GAAP and IFRS

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