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ICAI »
 Educational Material on Ind AS 16, Property, Plant and Equipment
 The Last Date of Online Filing of Multipurpose Empanelment Form (MEF) for the year 2017-18 is extended from 15th August, 2017 to 25th August, 2017.
 Empanelment of Members to act as Observers at The Examination Centres for The Chartered Accountants Examinations November / December 2017.
 ICAI Awards for Excellence in Financial Reporting' - Invitation to participate in the Competition for the year 2016-17
 ICAI Awards for Excellence in Financial Reporting' - Invitation to participate in the Competition for the year 2016-17
 December, 2017 - Common Proficiency Test (CPT)
 Result of the Chartered Accountants Intermediate (Integrated Professional Competence) Examination held in May 2017 declared.
 Result of the International Taxation - Assessment Test held in May 2017 declared.
 President's Message - August 2017
 Result of the International Taxation - Assessment Test held in May 2017 is likely to be declared on 1st August 2017.
 Guidance Note on Division II- Ind AS Schedule III to the Companies Act, 2013

Announcement on renumbering of already issued ASLBs
February, 28th 2013
               Committee on Accounting Standards for Local Bodies

                                        Announcement


The Committee on Accounting Standards for Local Bodies (CASLB), since its inception, has
issued the following seven Accounting Standards for Local Bodies (ASLBs):

          1.   ASLB 1, `Presentation of Financial Statements'
          2.   ASLB 3, `Borrowing Costs'
          3.   ASLB 4,'Revenue from Exchange Transactions'
          4.   ASLB 5, `Property, Plant & Equipment'
          5.   ASLB 6,'Events after the Reporting Date'
          6.   ASLB 11, `Construction Contracts'
          7.   ASLB 12, `Inventories'


The Standards mentioned at sl. no. 2, 3, 4 and 5 above have been numbered based on the
sequence of issuing the Standards as per the decision taken by the CASLB earlier.




Subsequently, the Council of the ICAI has taken a decision that the endeavour of the CASLB is
to formulate the ASLBs on the basis of International Public Sector Accounting Standards
(IPSASs) issued by the International Public Sector Accounting Standards Board (IPSASB) of
IFAC. Therefore, in order to maintain consistency with the IPSASs, the number corresponding
to that of IPSAS should be given to a relevant ASLB. Accordingly, the following ASLBs are
renumbered as follows:

          Old number                                            New Number

          ASLB 3, `Borrowing Costs'                             ASLB 5

          ASLB 4, 'Revenue from Exchange Transactions'          ASLB 9

          ASLB 5, `Property, Plant & Equipment'                 ASLB 17


          ASLB 6, 'Events after the Reporting Date'             ASLB 14







ASLB 1, ASLB 11 and ASLB 12 have already been numbered according to the new numbering
policy adopted.
 
 
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