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From the date of this Standard becoming mandatory for the concerned entities, the following stand withdrawn:

(i) Accounting Standard (AS) 4, Contingencies and Events Occurring After the
Balance Sheet Date, to the extent it deals with contingencies3.

(ii) Accounting Standard (AS) 11 (revised 2003), The Effects of Changes in Foreign
Exchange Rates, to the extent it deals with the ‘forward exchange contracts’.

(iii) Accounting Standard (AS) 13, Accounting for Investments, except to the extent it relates to accounting for investment properties.

From the date this Accounting Standard becomes recommendatory in nature, the following Guidance Notes issued by the Institute of Chartered Accountants of India, stand withdrawn:

(i) Guidance Note on Guarantees & Counter Guarantees Given by the Companies.

(ii) Guidance Note on Accounting for Investments in the Financial Statements of
Mutual Funds.

(iii) Guidance Note on Accounting for Securitisation.

(iv) Guidance Note on Accounting for Equity Index and Equity Stock Futures and
Options.

Consequential limited revision has been made to the following ASs :
AS 2, AS 11 (revised 2003), AS 21, AS 23, AS 26, AS 27, AS 28 and AS 29

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Gourav

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