accounting standard

Private Companies Financial Staements are not made public.AS-18 being a Disclosure Standard it is applicable to Private Ltd Comapanies

Mr Shanmuganathan,

AS 20 deals with EPS, as per the AS, basic and diluted EPS are reqd to be disclosed in the face of the profit and loss account (and not balance sheet), and the accounting standard is mandatory for all companies (refer AS 20 under the Companies Accounting Standards Rules, 2006). The question of whether such FS are reqd to be disclosed to the public is irrelevant in this context.