alleryStart learning →Which body recommends Ind AS to the Ministry of Corporate Affairs?
ASecurities and Exchange Board
BReserve Bank of India Board
CNational Financial Reporting Authority
DComptroller and Auditor General
Answer & Solution
Correct answer: C. National Financial Reporting Authority
NFRA recommends the standards and the Ministry of Corporate Affairs then notifies them for companies.
Keep practising Accounting Standards Setting in India
Browse all Accounting Standards Setting in India questions for CA Inter, or explore more Accounting topics.
Related questions
What happens to ICAI members who do not comply with its technical standards?Which body advises the European Commission in endorsing IFRS for EU use?Which committee monitors compliance with the IASB's due process?When does a Post-implementation Review of a new IASB Standard typically begin?A final IASB Standard must be accompanied by which document?After an Exposure Draft comment period, what must the IASB do?Since 2001, new standards issued by the IASB are labelled what?Which major jurisdiction applies US GAAP rather than IFRS Standards?