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BRILLIANT’S Accounting Standards 65

 A discussion is arranged with represen-  JdZ©_|Q> EO|grO, npãbH$ goŠQ>a A§S>aQ>oqH$J, B§S>ñQ´>r
tation of government agencies public VWm AÝ` Am°J}ZmBOoeZ H$s àñVw{V Ho$ gmW MMm© H$s
sectors undertaking industry and other
ì`dñWm H$s OmVr h¡&
organisation.
 An exposure draft is prepared and issued  Am_> OZVm H$s {Q>ßn{U`m| Ho$ {bE EH$ EŠgnmoOa
for comments of general public. S´>mâQ> V¡`ma VWm Omar {H$`m OmVm h¡&
 A standard draft is finalized by ASB after  {Q>ßn{U`m| na C{MV {dMma H$aZo Ho$ níMmV² ASB
taking due consideration of the comments. Ûmam EH$ ñQ>¢S>S>© S>´mâQ> H$mo A§{V_ ê$n {X`m OmVm h¡&
 The AS is submitted by ASB to the council  ASB Ûmam H$mC§{gb Am°\$ B§ñQ>rQ²>`yQ> H$mo AS O_m
of Institute. H$am`m OmVm h¡&
 The council may decide to modify the  H$mC§{gb> ASB Ho$ gmW nam_e© go EŠgnmoOa S>´mâQ
exposure draft in consultation with ASB. _| gwYma H$aZo H$m {ZU©` H$a gH$Vm h¡&
 The accounting standard is then issued  BgHo$ níMmV² AH$mC§qQ>J ñQ>¢S>S>© H$mC§{gb Am°\$ B§ñQ>rQ>²`yQ>
under the authority of council of institute. H$s AWm°[aQ>r Ho$ A§VJ©V Omar {H$`m OmVm h¡&>> 

REVIEW QUESTIONS
Q.1. Discuss the role of Accounting Standard Board.
AH$mC§qQ>J ñQ>¢S>S>© ~moS>© H$s ^y{_H$m H$s {ddoMZm H$s{OE& [See Q.7]


""AmnH$m {Xb hr AmnH$m g~go ~‹S>m {ejH$ h¡& AmnH$mo Cgr H$s gwZZr
Mm{hE, bo{H$Z OrdZ H$s ¶mÌm ‘| AmnH$m A§V©kmZ hr AmnH$m {ejH$
hmoVm h¡&''