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What is the purpose of an advisory committee?

National Advisory Committee on Accounting Standards (NACAS) is a body set up under section 210A of the Companies Act, 1956 by the Government of India. It advises the Central Government on the formulation and laying down of accounting policy and accounting standards for adoption by companies .

What is the National Advisory Committee on Accounting Standards?

The Federal Accounting Standards Advisory Board was created in October 1990 as a federal advisory committee charged with the purpose of developing accounting standards and principles for the United States Government.

What does the accounting standards board do?

The Financial Accounting Standards Board (FASB) is an independent nonprofit organization responsible for establishing accounting and financial reporting standards for companies and nonprofit organizations in the United States, following generally accepted accounting principles (GAAP).

What is the Financial Accounting Standards Advisory Council?

FASAC is an operating arm of the Financial Accounting Foundation, an organization that is independent of any other business or professional organization. The Foundation is run by a Board of Trustees who are leaders in the business, accounting, financial, government, and academic communities.

What is the Advisory committee on accounting standards?

The National Advisory Committee on Accounting Standards (NACAS) set up by the Central Government took up for consideration Accounting Standards so far issued by the Council of the ICAI, and had decided to recommend to the Central Government to prescribe Accounting Standards No.