Effective Accounting standards

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This discussion clarifies the number of Accounting Standards (AS) issued by the ICAI. While 32 AS have been released, several, including AS-6, AS-8, AS-30, AS-31, and AS-32, have been withdrawn. As of February 1st, 2022, there are effectively 27 mandatory Accounting Standards applicable from July 1st, 2017, onwards.

Chaitanyaa

Chaitanyaa (Querist)

07 March 2022 Sir pls guide as How many Accounting Standards have been issued by ICAI so far and how many Accounting Standards are effective as on date.? Thanks

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

07 March 2022 List of Accounting Standards of ICAI: AS-1 to AS-32 (updated 01/02/2022)

Chaitanyaa

Chaitanyaa (Querist)

07 March 2022 Thank you sir. Are all these 32 standard still applicable or some standards has been removed.?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

07 March 2022 So far a total of 32 Accounting Standards (AS-1 to AS-32) have been issued by the ICAI, out of which AS-1 to AS-29 are mandatory in nature whereas AS-6, AS-8, AS-30, AS-31 and AS-32 have been withdrawn by ICAI through different Announcements. Therefore now effectively there are only 27 Accounting Standards of ICAI as of 01/02/2022. All these accounting standards are mandatory in nature, as of 01/07/2017 and onwards:

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