CNO 648.000: Technical, Professional and Ethical Standards as per statement on peer review.

Questions › Category: CA-Final Peer Review › CNO 648.000: Technical, Professional and Ethical Standards as per statement on peer review.

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Atharva Apte asked 2 years ago

In the answer, I am unable to understand the context of usage of some words.
Point No.2: What is ‘framework of statements’?
Point No.4: Standards issued by the ICAI including:

Statements

What does statements mean here?

2 Answers

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Ravi Staff answered 2 years ago

Statements – Statements and standards are same. Earlier we use to call them statements but now as per international trend, we call them standards. So we can say that statement is old name of standards.

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Ravi Staff answered 2 years ago

frameworks provides fundamental principles on which standards are based