Applicability of Accounting Standards to Non-Company Entities

The scheme for applicability of Accounting Standards issued by the Institute of Chartered Accountants of India (ICAI) to non-company entities shall come into effect for accounting periods commencing on or after 1 April 2020. For the applicability of Accounting Standards, non-company entities are classified into four categories:

1. Level I
2. Level II
3. Level III
4. Level IV

Download the below file to check about it and the applicability of Accounting Standards to the above categories of non-company entities is summarized as under:

Applicability of AS to Non-Co Entities – Karwa and Associates

Contact – anshul@karwaandassociates.com