alleryStart learning →Under Rule 4, Ind AS binds companies in preparing statements and auditors in what?
AConducting the audit
BValuing company shares
CFiling income tax returns
DPreparing cost records
Answer & Solution
Correct answer: A. Conducting the audit
The rule requires companies and their auditors to comply in preparation of statements and audit respectively.
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Related questions
A small associate of a first-phase company must apply Ind AS from?A company in the process of listing has net worth of Rs 600 crore. Ind AS from?An unlisted entity with the minimum Rs 250 crore net worth begins Ind AS on?At precisely Rs 500 crore net worth, an unlisted entity adopts Ind AS beginning when?ICAI, which houses the Accounting Standards Board, was formed under what?The ICDS notified in February 2015 relate to what?Before Ind AS, Indian companies followed which accounting framework?The Accounting Standards Board is a committee under which body?