The Institute of Chartered Accountants of India (ICAI) has issued Exposure Drafts for amendments to the Commercial & Industrial (C&I) Taxonomies, both AS-based and Ind AS-based. These updates are necessary for the financial year 2021-22, reflecting changes in Schedule III, the Companies (Auditor's Report) Order, and Accounting Standards (AS/Ind AS). ICAI is inviting comments from stakeholders on these drafts to ensure concerns are addressed before finalisation. The deadline for submitting comments is January 15, 2022.
XBRL India
The Institute of Chartered Accountants of India
17th December, 2021
Announcement
Exposure Draft of the Amendments in the Commercial Industrial (CI) Taxonomies- IND AS based Taxonomy AS based Taxonomy
(Comments to be received by January 15, 2022)
Ministry of Corporate Affairs
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FAQ :
The ICAI has released Exposure Drafts of Amendments in the Commercial & Industrial (C&I) Taxonomies, specifically for IND AS based Taxonomy and AS based Taxonomy.
The amendments are being made to update the taxonomies for the FY 2021-22 financial reporting purposes, in view of amendments in Schedule III, Companies (Auditor's Report) Order, AS/IND AS, and for general improvements.
All stakeholders are invited to raise concerns and provide comments on the Exposure Drafts.
Comments must be received by January 15, 2022.
Comments can be submitted via email to xbrl@icai.in or by post to CA. S.N.Gupta, Joint Director, Technical Directorate, XBRL India, The Institute of Chartered Accountants of India, ICAI Bhawan, Post Box No. 7100, Indraprastha Marg, New Delhi 110 002.
Yes, in addition to comments on amendments, suggestions for the inclusion or deletion of any element for the overall improvement of the Taxonomy are also invited.