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Preface to the Accounting standard for Local Bodies
Accounting Standard for Local Bodies (ASLB) 1, ‘Presentation of Financial Statements’
Accounting Standard for Local Bodies (ASLB) 2, ‘Cash Flow Statements’
Accounting Standards for Local Bodies (ASLB) 3, ‘Accounting Policies, changes in Accounting Estimates and Errors"
Accounting Standards for Local Bodies (ASLB) 4, ‘The Effects of Changes in Foreign Exchange Rates’
Accounting Standard for Local Bodies (ASLB) 5, ‘Borrowing Costs’
Accounting Standard for Local Bodies (ASLB) 9, ‘Revenue from Exchange Transactions’
Accounting standard for Local Bodies (ASLB) 11, “Construction Contracts”
Accounting Standard for Local Bodies (ASLB) 12, 'Inventories'
Accounting Standards for Local Bodies (ASLB) 13, ‘Leases’
Accounting Standard for Local Bodies (ASLB) 14, ‘Events After the Reporting Date’
Accounting Standards for Local Bodies (ASLB) 16, ‘Investment Property’
Accounting Standard for Local Bodies (ASLB) 17, ‘Property, Plant and Equipment’
Accounting Standard for Local Bodies (ASLB) 18, ‘Segment Reporting’
Accounting Standards for Local Bodies (ASLB) 19, ‘Provision, Contingent Liabilities and Contingent Assets’
Accounting Standard for Local Bodies (ASLB) 20, ‘Related Party Disclosures’
Accounting Standards for Local Bodies (ASLB) 21, ‘Impairment of Non-Cash-Generating Assets’
Accounting Standards for Local Bodies (ASLB) 23, ‘Revenue from Non-Exchange Transaction (Taxes and Transfers)’
Accounting Standard for Local Bodies (ASLB) 24, ‘Presentation of Budget Information in Financial Statements’
Accounting Standards for Local Bodies (ASLB) 26, ‘Impairment of Cash-Generating Assets’
Accounting Standards for Local Bodies (ASLB) 31, ‘Intangible Assets’
Accounting Standards for Local Bodies (ASLB) 32, ‘Service Concession Arrangements: Grantor’
Accounting Standards for Local Bodies (ASLB) 33, ‘First-Time Adoption of Accrual Basis Accounting Standards for Local Bodies (ASLBs)’
Accounting Standards for Local Bodies (ASLB) 34, ‘Separate Financial Statements’
Accounting Standards for Local Bodies (ASLB) 35, ‘Consolidated Financial Statements’
Accounting Standards for Local Bodies (ASLB) 36, ‘Investment in Associates and Joint Ventures’
Accounting Standards for Local Bodies (ASLB) 37, ‘Joint Arrangements’
Accounting Standards for Local Bodies (ASLB) 38, ‘Disclosure of Interests in Other Entities’
Accounting Standards for Local Bodies (ASLB) 39, ‘Employee Benefits’
Accounting Standards for Local Bodies (ASLB) 40, ‘Entity Combinations’
Accounting Standards for Local Bodies (ASLB) 42, ‘Social Benefits’
Accounting Standards for Local Bodies (ASLB), ‘Financial Reporting under Cash Basis of Accounting’
Guidance Note on ‘Accounting for Investments’ for Local Bodies

The Conceptual Framework for General Purpose Financial Reporting by Local Bodies

ICAI Valuation Standards, 2018

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Standards on Quality Control (SQCs)

Audits and Reviews of Historical Financial Information

New/Revised Standards (Auditing, Review and Others) issued under the Clarity Project

Assurance Engagements Other Than Audits or Reviews of Historical Financial Information

3000-3699 Standards on Assurance Engagements (SAEs)
3000-3399 Applicable to All Assurance Engagements
3400-3699 Subject Specific Standards

Related Services

4000-4699 Standards on Related Services (SRSs)
- SRS 4400 “Engagements to Perform Agreed-upon Procedures Regarding Financial Information”
- SRS 4410 (Revised), Compilation Engagements

General Clarifications issued

Last updated on 25th November, 2021

Important

Attention of the reader is specifically drawn to the fact that although the Expert Advisory Committee has been appointed by the Council, an opinion given or a view expressed by the Committee represents the opinion or view of the members of the Committee and not the official opinion of the Council of the Institute. The opinions are based on the legal position and accounting/auditing principles on the date the Committee finalises the particular opinion. The date of finalisation of each opinion is indicated along with the opinion. The opinions must, therefore, be read in the light of any amendments and/or other developments subsequent to the issuance of opinions by the Committee.

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