Thursday, August 28, 2014

[aaykarbhavan] Fw: Invitation to comment on the Exposure Draft of Appendix to Ind AS 16, Property, Plant and Equipment, issued by the Accounting Standards Board (ASB) of the ICAI





On Thursday, 28 August 2014 3:54 PM, ASB - ICAI <email@icai.ind.in> wrote:


Dear Sir/Madam,

Sub:    Invitation to comment on the Exposure Draft of Appendix to Ind AS 16, Property, Plant and Equipment, issued by the Accounting Standards Board (ASB) of the ICAI

The International Accounting Standards Board (IASB) issued IFRIC 20 'Stripping Costs in the Production Phase of a Surface Mine', in October 2011. The Accounting Standards Board (ASB) of the Institute of Chartered Accountants of India (ICAI), at its 210th meeting, considered and finalised the Exposure Draft of corresponding Appendix A to Ind AS 16, Property, Plant and Equipment, and decided to invite comments from various stakeholders. The said Exposure Draft can be accessed/downloaded on the Institute's website namely, www.icai.org at the following link: http://220.227.161.86/34529asb24266c.pdf

The Board invites comments on any aspect of the Exposure Draft. Comments are most helpful if they:

(a) comment on the question in exposure draft;
(b) indicate the specific paragraph(s) to which they relate;
(c) contain a clear rationale; and
(d) describe any alternative that the ASB should consider, if applicable.

Comments should be submitted in writing to the Secretary, Accounting Standards Board, The Institute of Chartered Accountants of India, ICAI Bhawan, Post Box No. 7100, Indraprastha Marg, New Delhi – 110 002, so as to be received not later than September 15, 2014. Comments can also be sent by e-mail at commentsasb@icai.in.

A copy of the above mentioned document is also attached for your information and reference.

Further clarifications on any aspect of this Exposure Draft may be sought by e-mail to achin.poddar@icai.in.

With best regards,

(Avinash Chander)
Secretary
Accounting Standards Board
E-mail: asb@icai.in




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Posted by: Ramachandran Mahadevan <ramachandran_ca@yahoo.co.in>


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