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VIVEKANAND COMPETITION CENTRE
AS, SA and Ind AS
List of ICAI’s Mandatory Accounting
Standards (AS 1~29)
To know how many standards are
issued by ICAI which are mandatory,
please refer the List of Mandatory
Accounting Standards of ICAI (as on 1
July 2017 and onwards) as under:
AS 1 Disclosure of Accounting Policies:
AS 2 Valuation of Inventories:
AS 3 Cash Flow Statements:
AS 4 Contingencies and Events
Occurring After Balance Sheet Date:
AS 5 Net profit or Loss for the period,
Prior Period Items and Changes in
Accounting Policies:
AS 7 Construction Contracts:
AS 9 Revenue Recognition:
AS 10 Property, Plant and Equipment:
AS 11 The Effects of Changes in Foreign
Exchange Rates: .
AS 12 Government Grants:
AS 13 Accounting for Investments:
AS 14 Accounting for Amalgamations
AS 15 Employee Benefits:
AS 16 Borrowing Costs:
AS 17 Segment Reporting:
AS 18 Related Party Disclosures:
AS 19 Leases:
AS 20 Earnings Per Share:
AS 21 Consolidated Financial
Statements:
AS 22 Accounting for Taxes on Income:
AS 23 Accounting for Investments in
Associates: .
AS 24 Discontinuing Operations:
AS 25 Interim Financial Reporting:
AS 26 Intangible Assets:
AS 27 Financial Reporting of Interests
in Joint Ventures:
AS 28 Impairment of Assets:
AS 29 Provisions, Contingent Liabilities
and Contingent Assets:
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Note:
List of ICAI’s Non-Mandatory Accounting
Standards (AS 30~32)
ICAI has announced on 15 Nov. 2016 that
‘AS 30- Financial Instruments:
Recognition and Measurement’, ‘AS 31-
Financial Instruments: Presentation’, ‘AS
32- Financial Instruments: Disclosures’
stands withdrawn. For details, please
refer: AS-30, AS-31, AS-32 withdrawn by ICAI.
SA List
(Standards of Auditing )
Audits and Reviews of Historical Financial
Information New/Revised Standards (Auditing,
Review and Others) issued under the Clarity
Project
100-199 Introductory Matters
200-299 General Principles and Responsibilities
SA 200, Overall Objectives of the Independent
Auditor and the Conduct of an Audit in Accordance
with Standards on Auditing
SA 210, Agreeing the Terms of Audit Engagements
SA 220, Quality Control for an Audit of Financial
Statements
SA 230, Audit Documentation
SA 240, The Auditor’s Responsibilities Relating to
Fraud in an Audit of Financial Statements
SA 250, Consideration of Laws and Regulations in
an Audit of Financial Statements
Revised SA 260, Communication with Those
Charged with Governance
SA 265, Communicating Deficiencies in Internal
Control to Those Charged with Governance and
Management
Revised SA 299, Joint Audit of Financial Statements
300-499 Risk Assessment and Response to
Assessed Risks
SA 300, Planning an Audit of Financial Statements
SA 315, Identifying and Assessing the Risks of
Material Misstatement Through Understanding the
Entity and Its Environment
SA 320, Materiality in Planning and Performing an
Audit
SA 330, The Auditor’s Responses to Assessed Risks
SA 402, Audit Considerations Relating to an Entity
Using a Service Organisation
SA 450, Evaluation of Misstatements Identified During
the Audit
500-599 Audit Evidence
SA 500, Audit Evidence
SA 501, Audit Evidence-Specific Considerations for
Selected Items
SA 505, External Confirmations
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AS, SA and Ind AS
SA 510, Initial Audit Engagements – Opening SAE 3402, ―Assurance Reports on Controls At a
Balances Service Organisation‖
SA 520, Analytical Procedures SAE 3420, Assurance Engagements to Report on
SA 530, Audit Sampling the Compilation of Pro Forma Financial Information
SA 540, Auditing Accounting Estimates, Including Included in a Prospectus
Fair Value Accounting Estimates, and Related Related Services
Disclosures 
SA 550, Related Parties 
SA 560, Subsequent Events 
Revised SA 570, Going Concern 4000-4699 Standards on Related Services (SRSs)
SA 580, Written Representations SRS 4400 ―Engagements to Perform Agreed-upon
 Procedures Regarding Financial Information‖
600-699 Using Work of Others
SA 600, Using the Work of Another Auditor SRS 4410 (Revised), Compilation Engagements
Revised SA 610, Using the Work of Internal Auditors Standards on Quality Control (SQCs)
SA 620, Using the Work of an Auditor’s Expert SQC 1, ―Quality Control for Firms that Perform Audit
700-799 Audit Conclusions and Reporting and Reviews of Historical Financial Information, and
Revised SA 700, Forming an Opinion and Reporting other Assurance and Related Services
on Financial Statements Engagements‖
SA 701, Communicating Key Audit Matters in the Announcement on Amendment to SQC 1 - Retention
Independent Auditor’s Report Period for Engagement Documentation (Working
Revised SA 705, Modifications to the Opinion in the Papers)
Independent Auditor’s Report
Revised SA 706, Emphasis of Matter Paragraphs List of Indian Accounting Standards
and Other Matter Paragraphs in the Independent
Auditor ’s Report
Ind
SA 710, Comparative Information—Corresponding
As Name of Indian Accounting Standard
Figures and Comparative Financial Statements No.
Revised SA 720, The Auditor’s Responsibilities
Relating to Other Information
800-899 Specialized Areas
Ind AS
SA 800, Special Considerations—Audits of Financial 101
First time adoption of Ind AS
Statements Prepared in Accordance with Special
Purpose Frameworks
SA 805, Special Considerations—Audits of Single
Financial Statements and Specific Elements, Accounts Ind AS
Share Based Payment
102
or Items of a Financial Statement
SA 810 , Engagements to Report on Summary
Financial Statements
2000-2699 Standards on Review Engagements Ind AS
Business Combination
(SREs) 103
Compiled by CA Deepak Singh (“ Deepak Singh Accounting
Guru” Application and Telegram Channel )
SRE 2400 (Revised), Engagements to Review Ind AS
Insurance Contracts
Historical Financial Statements 104
SRE 2410 ―Review of Interim Financial Information
Performed by the Independent Auditor of the Entity‖
Ind AS Non-Current Assets Held for Sale and Discontinued
Assurance Engagements Other Than Audits or 105 Operations
Reviews of Historical Financial Information
3000-3699 Standards on Assurance Engagements
(SAEs) Ind AS Exploration for and Evaluation of Mineral
3000-3399 Applicable to All Assurance 106 Resources
Engagements
3400-3699 Subject Specific Standards
SAE 3400 ―The Examination of Prospective Financial
Ind AS
Information‖ 107
Financial Instruments: Disclosures

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AS, SA and Ind AS
Ind Ind
As Name of Indian Accounting Standard As Name of Indian Accounting Standard
No. No.

Ind AS Ind AS
Operating Segments Events occurring after Reporting Period
108 10

Ind AS Construction Contracts (Omitted by the Companies

Financial Instruments Ind AS
109 (Indian Accounting Standards) Amendment Rules,
11
2018)

Ind AS
Consolidated Financial Statements
110 Ind AS
Income Taxes
12

Ind AS
Joint Arrangements
111 Ind AS
Property, Plant and Equipment
16

Ind AS
Disclosure of Interests in Other Entities
112 Ind AS
Employee Benefits
19

Ind AS
Fair Value Measurement
113 Ind AS Accounting for Government Grants and Disclosure
20 of Government Assistance

Ind AS
Regulatory Deferral Accounts
114 Ind AS
The Effects of Changes in Foreign Exchange Rates
21

Ind AS Revenue from Contracts with

115 Customers(Applicable from April 2018) Ind AS
Borrowing Costs
23

Ind AS
Leases (Applicable from April 2019)
116 Ind AS
Related Party Disclosures
24

Ind AS 1 Presentation of Financial Statements

Ind AS
Separate Financial Statements
27

Ind AS 2 Inventories

Ind AS
Investments in Associates and Joint Ventures
28
Ind AS 7 Statement of Cash Flows

Ind AS Financial Reporting in Hyper inflationary

Accounting Policies, Changes in Accounting 29 Economies
Ind AS 8
Estimates and Errors

Financial Instruments: Presentation

Ind AS

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 S.VIVEKANAND COMPETITION CENTRE
AS, SA and Ind AS
Ind
As Name of Indian Accounting Standard
No.

32

Ind AS
Earnings per Share
33

Ind AS
Interim Financial Reporting
34

Ind AS
Impairment of Assets
36

Ind AS Provisions, Contingent Liabilities and Contingent

37 Assets

Ind AS
Intangible Assets
38

Ind AS
Investment Property
40

Ind AS
Agriculture
41

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