The Institute of Chartered Accountants of India ( ICAI ) has proposed twelve new Accounting Standards for Local Bodies. The Institute has been formulating accrual-based Accounting Standards for Local Bodies (ASLBs) since March 2005 to improve financial reporting of Government at the third-tier of Government, i.e., Local Bodies that are moving towards accrual accounting. Moving […]
The post ICAI proposes Twelve New Accounting Standards for Local Bodies appeared first on Taxscan | Simplifying Tax Laws.
from Taxscan | Simplifying Tax Laws https://ift.tt/2Qg144d
No comments:
Post a Comment