Abridged financial statements requirement: companies complying with Ind AS must submit Form AOC-3A detailing salient financial disclosures. The amendment to the Companies (Accounts) Rules, 2014 requires companies subject to Ind AS to forward their statement in Form AOC-3A. Form AOC-3A prescribes an abridged set of financial disclosures - abridged balance sheet, statement of changes in equity, profit and loss, and cash flow - together with notes specifying availability of full statements, consistency with Schedule III aggregates, disclosures of material accounting changes, contingent liabilities, auditor qualifications, related party transactions under Ind AS 24, segment reporting, and requirements for abridged consolidated statements and accompanying auditor's report.
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Abridged financial statements requirement: companies complying with Ind AS must submit Form AOC-3A detailing salient financial disclosures.
The amendment to the Companies (Accounts) Rules, 2014 requires companies subject to Ind AS to forward their statement in Form AOC-3A. Form AOC-3A prescribes an abridged set of financial disclosures - abridged balance sheet, statement of changes in equity, profit and loss, and cash flow - together with notes specifying availability of full statements, consistency with Schedule III aggregates, disclosures of material accounting changes, contingent liabilities, auditor qualifications, related party transactions under Ind AS 24, segment reporting, and requirements for abridged consolidated statements and accompanying auditor's report.
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