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Ind AS 8

Governs accounting policies, changes in accounting estimates, and the correction of prior-period errors.

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Related terms

  • Ind AS 40

    Governs investment property — property held to earn rentals or for capital appreciation, measured and disclosed separately from owner-occupied property.

  • Ind AS 7

    Governs the statement of cash flows, classifying cash flows into operating, investing and financing activities.

  • Independent Director

    A director with no material pecuniary relationship with the company beyond sitting fees, required on the boards of specified classes of companies to bring an independent perspective.

  • Inherent Risk

    The susceptibility of an assertion to misstatement before considering any related controls — some balances (estimates, related-party transactions) are inherently riskier than others.

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231 terms in total, or go deeper with working procedures and worked examples in the resource library.

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