https://www.taxtmi.com/acts?id=54095 Prior Period Adjustments under IGAS 4 govern the presentation and disclosure of prior period errors and adjustments arising from changes in Government decisions under the cash basis of accounting. The Standard applies to the Union Government, State Governments and Union territory Governments with Legislature, but excludes arrears of salary, pension and dearness allowance and loan or grant defaults dealt with under other IGAS standards. It prescribes annexure-based disclosure of the nature, amount and impact of each adjustment, including effects on loan heads and capital expenditure heads, and treats adjustments of rupees one thousand or more as material. en-us Mon, 20 Apr 2026 12:05:30 +0530 Mon, 20 Apr 2026 12:05:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=54095 Prior Period Adjustments under IGAS 4 govern the presentation and disclosure of prior period errors and adjustments arising from changes in Government decisions under the cash basis of accounting. The Standard applies to the Union Government, State Governments and Union territory Governments with Legislature, but excludes arrears of salary, pension and dearness allowance and loan or grant defaults dealt with under other IGAS standards. It prescribes annexure-based disclosure of the nature, amount and impact of each adjustment, including effects on loan heads and capital expenditure heads, and treats adjustments of rupees one thousand or more as material. Act-Rules Companies Law Mon, 20 Apr 2026 12:05:30 +0530 https://www.taxtmi.com/acts?id=54095