AS 30/31/31
This query is : Resolved
VIKASH RAJGARIA
(Querist)
16 July 2008
ICAI has come up with AS 30/31/32 which follows IAS 39. As per the standard there is no material difference between AS 30/31/32 and IAS 39.
Q. So, is it an exact copy-cat of IAS 39 or there are some changes to take care of Indian Scenario?
Q. When it is said, there are no material deifference, is there still some difference between IAS 39 & AS 30/31/32?
Many thanks
Vikash Rajgaria
Q. So, is it an exact copy-cat of IAS 39 or there are some changes to take care of Indian Scenario?
Q. When it is said, there are no material deifference, is there still some difference between IAS 39 & AS 30/31/32?
Many thanks
Vikash Rajgaria
Amit Bajaj
(Expert)
25 July 2008
No there are no changes
S.Srinivasaraghavan
(Expert)
05 October 2008
The reason is convergence with IAS.
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