The Institute of Chartered Accountants of India (ICAI) has issued Accounting standards for Local Bodies. To download the Accounting standards, click the below mentioned links:-
ASLB – 1 Presentation of Financial Statements
ASLB – 3 Accounting policies, changes in Accounting estimates and errors
ASLB – 9 Revenue from Exchange Transactions
ASLB – 11 Construction Contracts
ASLB – 14 Events after the Reporting date
ASLB – 17 Property, Plant and Equipment
ASLB – 19 Provision, Contingent liabilities and Contingent Assets
ASLB – 24 Presentation of Budget information in Financial statements
ASLB – 31 Intangible AssetsASLB – Financial reporting under cash basis of accounting
