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ICAI seeks views of CAs on questionnaire on application of AS by MSME

Last updated: 21 July 2020

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 creditability of Financial Statements of MSNCE.
  • Simplicity and Relevance of AS to MSNCE considering their size and nature of business is a necessity.

ASB, ICAI has undertaken the significant initiative of conducting a survey among “Practicing Chartered Accountants” with following focus areas:

  • To know your views and experience on application of AS by MSNCE.
  • To understand the common areas of non-compliance of AS.
  • To identify the areas that need simplification in AS.

DLH link for submitting views on Questionnaire: Click Here
Feedback latest by: August 10, 2020

Thank You in advance for your time in participating in the survey and sharing your experience.
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