Indian Government Accounting Standards awaiting
notification - Updated
The Indian Government Accounting Standards, proposed by the Board
and approved by the Comptroller and Auditor General of India are
under consideration by the President of India for notification,
are:
- Guarantees given by Governments: Disclosure Requirements (IGAS1);
and
- Accounting and Classification of Grants-in-aid (IGAS2).
- General Purpose Financial Statement of Government (IGAS4)
- Loans and Advances made by Governments (IGAS5)
Draft Standards under preparation after considering responses
on the Exposure Drafts of the stakeholders
Exposure Drafts issued for comments of the stakeholders
Exposure Drafts/ Documents under consideration
of Board
- Cash Flow Statement
- Foreign Currency transactions and Loss or Gain by Exchange Rate Variation.
Invitation to Comment (ITC) circulated for comments of
select persons
Invitation To Comment (ITC) & Exposure Drafts under
preparation by the GASAB Secretariat
- Classification of Transactions in Accounts
- Contingent Liabilities (other than Guarantees and Letter of
Comfort) and Contingent Assets: Disclosure Requirements
- Accounting for Revenue from Exchange and non exchange Transactions.
- Accounting for Capital Transactions
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