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The Limited Liability Partnership Act, 2008

Chapter VII — FINANCIAL DISCLOSURES

Section 34AAccounting and auditing standards

Read in the full Act
Section 34A: Accounting and auditing standards

34A. Accounting and auditing standards

The Central Government may, in consultation with the National Financial Reporting Authority constituted under section 132 of the Companies Act, 2013 (18 of 2013),—

(a)

prescribe the standards of accounting; and

(b)

prescribe the standards of auditing, as recommended by the Institute of Chartered Accountants of India constituted under section 3 of the Chartered Accountants Act, 1949 (38 of 1949), for a class or classes of limited liability partnerships.

Amendment notes (1)
  1. Ins w.e.f. 1-4-2022 . Ins. by s. 14, ibid., (w.e.f. 1-4-2022).