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Change of PATTERN OF ASSESSMENT FROM MAY 2019 EXAMINATION

ICAI has already notified that from May 2019 examinations, pattern of assessment is going to be changed, as of till now, whole pattern was...

Friday, 5 October 2018

MCQ-F101-7 - Answer Key

MCQ-F101-7 - Answer Key

It may be noted that immediately before the mandatory applicability date, if the threshold limit for a company are not met, then it shall not be required to comply with IndAS, irrespective of the fact that as on 31-3-2014, the criteria was met.

In given case, before the mandatory applicability date (i.e 2017-18), Co. A ceases to be a listed company. Accordingly, it will not be required to apply IndAS from FY 2017-18.

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