To conceive of and suggest areas in which Accounting Standards need to be developed.
To formulate Accounting Standards with a view to assisting the Council of the ICAI in evolving and establishing Accounting Standards in India.
To examine how far the relevant International Financial Reporting Standards can be adapted while formulating the Accounting Standard and to adapt the same.
To review, at regular intervals, the Accounting Standards from the point of view of acceptance or changed conditions, and, if necessary, revise the same.
To provide, from time to time, interpretations and guidance on Accounting Standards.
To proactively participate with the national and international bodies engaged in the Standard-setting process, such as, sending comments on various consultative papers such as Exposure Drafts, Discussion Papers etc., issued by International Accounting Standards Board and various other international bodies such as Asian-Oceanian Standard-Setters Group(AOSSG).
To carry out such other functions relating to Accounting and Accounting Standards.
CA. M P Vijay Kumar, Chairman
CA. Sanjeev Kumar Singhal , Vice Chairman
CA. Prafulla Premsukh Chhajed, President (Ex-officio)
CA. Atul Kumar Gupta, Vice-President (Ex-officio)
CA. Jay Chhaira
CA. Tarun Jamnadas Ghia
CA. Nandkishore Chidamber Hegde
CA. Nihar Niranjan Jambusaria
CA. Dheeraj Kumar Khandelwal
CA. Chandrashekhar Vasant Chitale
CA. Aniket Sunil Talati
CA. Babu Abraham Kallivayalil
CA. Dayaniwas Sharma
CA. G Sekar
CA. Rajendra Kumar P
CA. Ranjeet Kumar Agarwal
CA. Debashis Mitra
CA. Pramod Kumar Boob
CA. Manu Agrawal
CA. Prakash Sharma
CA. Kemisha Soni
CA. Satish Kumar Gupta
CA. Hans Raj Chugh
CA. Pramod Jain
Shri Sunil Kanoria
Dr. Ravi Gupta
Shri Vijay Kumar Jhalani
Secretary to the Board: CA. Vidhyadhar Kulkarni, Technical Consultant
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