ASB’s Virtual Outreach on Recent Amendments in Ind AS

We are pleased to mention that the Accounting Standards Board (ASB) of ICAI is conducting a Virtual Outreach on Recent Amendments in Ind AS on Sunday, August 02, 2020, from 11 AM to 1 PM.

During the Outreach recent changes in Ind AS by the Ministry of Corporate Affairs vide Companies (Ind AS) Amendment Rules, 2020 (dated July 24th, 2020), will be discussed. This notification comprises the following critical amendments to Ind AS in 4 areas that are applicable for the accounting year 2020-21: 

1.Definition of a Business (Amendments to Ind AS 103, Business Combinations) 

2.Definition of Material (Amendments to Ind AS 1, Presentation of Financial Statements and Ind AS 8, Accounting Policies, Changes in Accounting Estimates and Errors) 

3.Interest Rate Benchmark Reform (Amendments to Ind AS 109, Financial Instruments and Ind AS 107 Financial Instruments: Disclosures) 

4.COVID-19 Related Rent Concessions (Amendments to Ind AS 116, Leases) 

The Brochure for the programme is attached for further details. The technical session will also be followed by a Q&A session. 

May we request you to join the outreach using the link 

Event Information

Event Date 02-08-2020 11:00 am
Event End Date 02-08-2020 1:00 pm
CPE Credit Hrs 2 Hours CPE Credit (Unstructured Learning)
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