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Atharva ApteAtharva Apte asked 7 months 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
RaviRavi Staff answered 7 months 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.

RaviRavi Staff answered 7 months ago

frameworks provides fundamental principles on which standards are  based 

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