Accounting standard related

can we use rule of interpretation of statute to interpret AS or Ind AS   if there is some ambiguity in it  ?

Replies (5)
Quick Summary
This discussion explores whether statutory interpretation rules can be applied to clarify ambiguities in Accounting Standards (AS) and Indian Accounting Standards (Ind AS). While the consensus is that these rules can be used, understanding the specific details of the standards is crucial. If ambiguity persists, seeking guidance from management or professional experts is recommended.

Yes they can be used....
Rule of interpretation cannot be applied unless you know the details.

The rules are simple! If there it is equivocal, contact your management. And if they are mistaken than seek professional help here. What is your interpretation 

The question of equivocal does not apply here. This is knowledge based.

Everything is knowledge and ppl must follow it. Following is not hard at all.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
Featured ARTICLESHIP 06 October 2026
Semi Qualified

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details
Company
Featured 29 October 2026
Accounts Executive

Synergy Keystone

Chennai

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 29 October 2026
Article Assistant (CA Inter / CMA Inter) - Thrissur

Varma Raja & Associates

Thrissur

CA Inter

View Details
Company
Featured ARTICLESHIP 28 October 2026
CA- Inter and Articles

N N V Satish & Co.,

Hyderabad

CA Inter

View Details
Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details