The Institute of Chartered Accountants of India (ICAI) being premier Accounting Body in the country had set up the Accounting Standards Board (ASB) on 21st August 1977.
The key objective of formulating Accounting Standards to harmonize varied Accounting policies.
ICAI being the associate member of the International Accounting Standards Committee and full- fledged member of the International Federation of Accounts decided to consider the International Accounting Standard while formulating Accounting Standards and try to integrate them to the extent possible in the light of the local laws and regulations.
ICAI has issued a quick referencer as on 1st April, 2019, which includes the quick and handy summary of all AS starting from AS-1 and ending with AS – 29 along with 2 Appendix having “ Criteria for Classification of Entities” and “Applicability of Accounting Standards”
Here is the PDF link: Accounting Standards – PDF File
Here is the E-book Link: Accounting Standards – E-Book File
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