Accounting · Regulatory Framework
Arrange the following accounting standards and regulatory developments in India in the correct chronological order: A. Establishment of the Accounting Standards Board (ASB) B. Introduction of Indian Accounting Standards (Ind AS) C. Formation of the Institute of Chartered Accountants of India (ICAI) D. Implementation of the Companies Act 2013
- 1C, A, D, B✓
- 2A, C, B, D
- 3C, D, A, B
- 4A, B, C, D
Correct answer
C, A, D, B
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