Exposure Draft of Guidance Note on Accounting of Political Parties

By | February 27, 2019
(Last Updated On: February 27, 2019)

Exposure Draft of Guidance Note on Accounting of Political Parties

(Comments to be received by April 6, 2019)

Revised Guidance Note on Accounting of Political Parties

During the year 2012, ICAI had issued a Guidance Note on “Accounting and Auditing of Political Parties” as desired by the Election Commission of India. The Guidance Note is now being upgraded to incorporate certain improvements and changes in the operating environments since then. It has also been decided to issue the guidance for Auditing of Political Parties separately in detailed manner, if required.

Accordingly, Following is the Exposure Draft of the revised Guidance Note on “Accounting of Political Parties” issued by the Accounting Standards Board of the Institute of Chartered Accountants of India, for comments. The Board invites comments on any aspect of this Exposure Draft. Comments are most helpful if they indicate the specific paragraph or group of paragraphs to which they relate, contain a clear rationale and, where applicable, provide a suggestion for alternative wording.

How to Comment:

Comments are invited on the Exposure draft of the revised Guidance note. Comments can be submitted using one of the following methods so as to be received not later than April 6, 2019 . Electronically: click on http://www.icai.org/comments/asb/to submit comments online Email: Comments can be sent at commentsasb@icai.in Postal: Secretary, Accounting Standards Board, The Institute of Chartered Accountants of India, ICAI Bhawan, Post Box No. 7100, Indraprastha Marg, New Delhi 110 002

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