Applicable ‘Accounting Standard’ or “AS”

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Full Text of the Document

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....S FOR PREPARATION & PRESENTATION OF FINANCIAL STATEMENTS 5. Applicable 'Accounting Standard' or "AS" (1) An IIO set up in an unincorporated form, shall prepare its financial statements in accordance with the accounting standards applicable to its Parent Entity. (2) An IIO set up in an incorporated form, shall prepare its financial statements in accordance with the accounting standards iss....