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ICAI- ASB Questionnaire on application of Accounting Standards by Micro and Small Non-Corporate Entities Accounting Standards (AS) and Micro and Small Non-Corporate Entities (MSNCE): ICAI Members are required to ensure compliance with AS while performing attest function enhancing creditabil
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FAQ :
The ICAI is conducting a survey among practising Chartered Accountants regarding the application of Accounting Standards (AS) by Micro and Small Non-Corporate Entities (MSNCE).
ICAI is seeking views from practising Chartered Accountants.
The survey focuses on understanding members' views and experiences on AS application by MSNCE, common areas of non-compliance, and identifying AS that need simplification.
The survey aims to ensure the simplicity and relevance of Accounting Standards to MSNCE, considering their business size and nature, thereby enhancing the credibility of their financial statements.
The deadline for submitting feedback is August 10, 2020.
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