CA
2368 Points
Posted on 28 February 2011
Don't get confused. These new 35 AS are the new Ind. AS, based on IFRS. These new Ind. AS will replace the existing 32 AS issued by the ICAI's ASB. These new Ind. AS will be applicable on the residual Indian entities on which the IFRS issued by IASB are not aplicable as per the convergence roadmap of MCA.
https://www.cnkonline.com/client/mca/inner/mca_on_converged_indian_as/roadmap.asp