LOS ANGELES. Ravi Chugh Classes caravi1234. blogspot. in ACCOUNTING STANDARDS " Accounting standards are written policy documents, issued by regulatory authority (ICAI), covering the aspects of recognistion, treatment, measurement, presentation & disclosure of transactions & events in the financial statements" - Issued by; ICAI - Institute of Chartered Accountants of India. - Total Number of Accounting Standards issued till date = 32 - Total Number of effective/applicable Accounting Standards till date = 28? (AS-8, AS-30…..