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 Results of the Chartered Accountants Foundation Examination held in June 2022 declared.
 Results of the PQC Examination - Information Systems Audit [ISA] Assessment Test is likely to be declared on Wednesday, the 10th August 2022
 Results of the Chartered Accountants Intermediate Examination held in May 2022 are likely to be declared on Thursday, the 21st July, 2022.
 Results of the Post Qualification Course Examinations are likely to be declared on Thursday, the 21st July 2022
 Guidance Note on the Companies (Auditor's Report) Order, 2020 (Revised 2022 Edition)
 Results of the Chartered Accountants Final Examination held in May 2022 are likely to be declared on Friday, the 15th July, 2022(evening)/Saturday, the 16th July, 2022
 Exposure Draft of Revised 'Guidance Note on Tax Audit under section 44AB of the Income-tax Act, 1961' for Public Comments
 Release of Compendium of Ind AS (as on April 01, 2022) and related guidance material
 LLP Form 11 for FY 2021-22 due date extended till 15th July 2022
 Observations of the candidates on the question papers of CA Foundation examinations- June 2022
 Postponement of Chartered Accountants Foundation Examination Scheduled to be held on 24th & 26th June, 2022 at Silchar (Assam) Examination Centre Only.

Exposure Draft of AS 108, Segment Reporting
May, 02nd 2022
Accounting Standards Board
The Institute of Chartered Accountants of India
29th April, 2022
Exposure Draft of Revised Accounting Standard for Comments

The Indian Accounting Standards (Ind AS), as notified by the Ministry of Corporate Affairs in February 2015, and as amended from time to time are applicable to the specified class of companies as per Ind AS Roadmap. Accounting Standards notified under Companies (Accounting Standards) Rules, 2021 and those issued by the ICAI are applicable to entities to whom Ind AS are not applicable. However, on the basis of the discussions held at various standard setting forums, it has been decided to revise Accounting Standards (AS). Accordingly, ASB is working on the project of revision of these standards which will be applicable to entities to whom Ind AS are not applicable. While formulating these Accounting Standards, the ASB decided to maintain the consistency in the numbering of AS with Ind AS numbering.



In this regard, it may be mentioned that the entire set of revised Accounting Standards will consist of 32 standards, including a standard on transition from existing AS to Revised AS which are at various stages of formulation. So far, 28 Revised AS have been developed and approved by the Council after due process. The entire set of Revised AS incorporating exemptions/ relaxations for MSME/SMCs, replacing the existing AS will be implemented together from a future date as per a road map, which will be communicated in advance so as to enable preparers and auditors to transition effectively.

In this direction, the Exposure Draft of revised AS 108, Segment Reporting has been issued by the ASB for comments with the last date being May 28, 2022. The downloadable version is available at https://resource.cdn.icai.org/70247asb56162.pdf

Further, comments on the abovementioned Exposure Draft issued by the ASB may be submitted through any of the following modes.

1. Electronically: Click on http://www.icai.org/comments/asb/ to submit comment online (Preferred method)
2. Email: Comments can be sent to: commentsasb@icai.in
3. Postal: Secretary, Accounting Standards Board,
The Institute of Chartered Accountants of India,
ICAI Bhawan, Post Box No. 7100,
Indraprastha Marg, New Delhi 110 002

Further clarifications on any aspect of the Exposure Draft may be sought by e-mail to asb@icai.in.
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