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CMA Intermediate · Cost Accounting · Cost Accounting Standards (CAS 1 to CAS 24)

In India, the body that formulates Cost Accounting Standards (CAS) is the:

Cost Accounting Standards are formulated by the Cost Accounting Standards Board set up by the Institute of Cost Accountants of India. The ICAI's Accounting Standards Board frames financial accounting standards, so it is not responsible for cost standards.

  1. ACost Accounting Standards Board of the Institute of Cost Accountants of IndiaCorrect
  2. BAccounting Standards Board of the Institute of Chartered Accountants of India
  3. CSecurities and Exchange Board of India
  4. DComptroller and Auditor General of India

Explanation

The Cost Accounting Standards Board (CASB) is constituted by the Institute of Cost Accountants of India (ICMAI) to formulate CAS. The ICAI's Accounting Standards Board deals with accounting standards, not cost accounting standards.

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