Question
Accounting standards in India issued
by:Solution
The accounting standards in India are issued by the Institute of Chartered Accountants of India (ICAI). ICAI is a statutory body established by an Act of Parliament and is responsible for regulating the profession of chartered accountancy in India. It sets and issues accounting standards known as the Indian Accounting Standards (Ind AS) in accordance with the provisions of the Companies Act, 2013.
In terms of metrology ,India was ranked _____ , in the world according to the Global Quality Infrastructure Index (GQII) 2021.
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