<P> As of 2010 , the Institute of Chartered Accountants of India has issued 32 Accounting Standards . These are numbered AS - 1 to AS - 7 and AS - 9 to AS - 32 ( AS - 8 is no longer in force since it was merged with AS - 26 ) . Compliance with accounting standards issued by ICAI has become a statutory requirement with the notification of Companies ( Accounting Standards ) Rules , 2006 by the Government of India . Before the constitution of the National Advisory Committee on Accounting Standards ( NACAS ) , the institute was the sole accounting standard setter in India . However NACAS is not an independent body . It can only consider accounting standards recommended by ICAI and advise the Government of India to notify them under the Companies Act , 2013 . Further the Accounting Standards so notified are applicable only to companies registered under the companies act , 2013 . For all other entities the accounting standards issued the ICAI continue to apply . </P>
<P> As of 2010 , the Institute of Chartered Accountants of India has issued 32 Accounting Standards . These are numbered AS - 1 to AS - 7 and AS - 9 to AS - 32 ( AS - 8 is no longer in force since it was merged with AS - 26 ) . Compliance with accounting standards issued by ICAI has become a statutory requirement with the notification of Companies ( Accounting Standards ) Rules , 2006 by the Government of India . Before the constitution of the National Advisory Committee on Accounting Standards ( NACAS ) , the institute was the sole accounting standard setter in India . However NACAS is not an independent body . It can only consider accounting standards recommended by ICAI and advise the Government of India to notify them under the Companies Act , 2013 . Further the Accounting Standards so notified are applicable only to companies registered under the companies act , 2013 . For all other entities the accounting standards issued the ICAI continue to apply . </P>
total number of accounting standards issued by icai
total number of accounting standards issued by icai
32
32