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 Exposure Drafts of Standards on Auditing for Limited Liability Partnerships
 One-Time Window for MEF 2023-24
  Empanelment of Chartered Accountant firms/LLP by Office of C&AG from the empanelment year 2024-2025
 Invitation for contribution to Question Bank in respect of Self-paced Online Module Examinations (Set-A & Set-B)
 Empanelment of Chartered Accountant firms/LLP by Office of C&AG from the empanelment year 2024-2025
 Archiving of UDINs
 Sensitization of Companies to abide the provisions of Section 90 of the Companies Act, 2013 read with Rules thereunder relating to Significant Beneficial Ownership
 POSTPONEMENT OF CHARTERED ACCOUNTANT EXAMINATIONS, NOVEMBER 2023 DUE TO ELECTIONS OF LEGISLATIVE ASSEMBLY IN THE STATE OF CHHATTISGARH AND MADHYA PRADESH
 Reporting requirements pertaining to Fees related disclosure to Institute under the revised requirements in Code of Ethics
 Extension of last date for payment of Membership /COP fee for the year 2023-24 to 31st October, 2023.
 ICAI invites suggestions for Pre-Budget Memorandum-2024

Exposure draft of ASLB 23, 'Revenue from Non-Exchange Transactions (Taxes and Transfers)'
August, 17th 2018
Committee on Accounting Standards for Local Bodies
Announcement

The Committee on Accounting Standards for Local Bodies (CASLB) has been formulating Accounting Standards for Local Bodies (ASLBs) since March, 2005. So far, the Committee has issued fifteen ASLBs. Moving forward in this direction, the Committee has finalised the Exposure Draft of ASLB 23, ‘Revenue from Non-Exchange Transactions (Taxes and Transfers)’

Revenue is one of the key constituents of the financial performance of an entity. The Government receives revenue from both exchange as well as non-exchange transactions such as taxes and transfers. ASLB 9, ‘Revenue from Exchange Transactions’ has already been issued by the ICAI which is available at the website of the Institute, i.e., www.icai.org. Keeping in view the significance and volume of non-exchange transactions in Government sector, the Exposure Draft of ASLB 23 is being issued which provide guidance on recognition & measurement principles and disclosure requirements in respect of revenue arising from non-exchange transactions in Local Bodies. 



The comments on the above Exposure Draft are invited which can be submitted using one of the following methods, so as to be received not later than September 20, 2018:

1. Electronically: Click on http://www.icai.org/comments/caslb/ to submit comments online
2. E-mail: Comments can be sent to: caslb@icai.in
3. Postal: Secretary, Committee on Accounting Standards for Local Bodies,
The Institute of Chartered Accountants of India,
ICAI Bhawan, Post Box No. 7100,
Indraprastha Marg, New Delhi 110002
Phone: 011-30110449

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