Page 17 - IC46 addendum

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a. All commercial, industrial and other business
enterprises total turnover during the previous
year exceeds Rs.50 crores.

b. All commercial, industrial and other business
enterprises whose total borrowings including
public deposits during the previous year
exceeds Rs. 10 crore.

c. Enterprise whose debt or equities are listed
or in process of being listed in India or
outside India.

d. Banks, insurance companies and financial
institutions, including any holding or subsidiary
company.

e. All enterprises not covered under level I and
II.

20. The IRDAI regulations 2002 provides that
balance sheet, revenue account, receipts
and payments account and profit and
loss account shall be in conformity with
all the accounting standards issued by
ICAI except:

a. AS 3, AS13, AS 18
b. AS 3, AS14, AS 17
c. AS 4, AS13, AS 17

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