The Institute of Chartered Accountants of India's Valuation Standards Board has released an Exposure Draft for ICAI Valuation Standard-304, focusing on the 'Valuation of Assets in the Extractive Industries'. This new standard provides specific guidelines for valuing assets in this sector, which are not covered by existing standards. The Board is seeking feedback from professionals and stakeholders on this draft, with comments due by 27th January 2022.
Valuation Standards Board
The Institute of Chartered Accountants of India
18th January, 2022
ANNOUNCEMENT
Request to give comments on the Exposure Draft of ICAI Valuation Standard-304 Valuation of Assets in the Extractive Industriesby 27th January, 2022
The Valuation Standards Board of
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FAQ :
ICAI Valuation Standard-304 provides specific guidelines and principles for the valuation of assets, including rights or interests, within the Extractive Industries.
The Valuation Standards Board of the Institute of Chartered Accountants of India (ICAI) is requesting comments.
Comments on the Exposure Draft of ICAI Valuation Standard-304 must be submitted by 27th January 2022.
Comments can be submitted electronically via a provided link, by email to commentsvsb@icai.in, or by post to the Valuation Standards Board at their Noida address.
The Valuation Standards Board is tasked with formulating Valuation Standards for different asset classes and identifying areas where further development is needed.