The Framework for the Preparation and Presentation of Financial Statements Accounting Essay
In India, the ICAI had issued a statement titled 'Framework for the Preparation and Presentation of Financial Statements in Accordance with Indian Accounting Standards'. Framework This framework is based primarily on the old conceptual framework issued by IASB's predecessor IASC in The Australian accounting standards are a framework established by the AASB for the preparation and presentation of financial statements - similar to the standards set out in the International Financial Reporting Standards (IFRS), but specialized and adapted to be the Australia-specific equivalents that ensure that financial statements,