Obligation to comply with accounting standards requires specified companies and their auditors to apply standards in preparing financial statements. Rule 4 requires every company not subject to notified Indian Accounting Standards and its auditor(s) to comply with the Accounting Standards in the manner ... Summary
Obligation to comply with accounting standards requires specified companies and their auditors to apply standards in preparing financial statements.
Rule 4 requires every company not subject to notified Indian Accounting Standards and its auditor(s) to comply with the Accounting Standards in the manner specified in the Annexure, and mandates that those Accounting Standards be applied in the preparation of financial statements.
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