Accounting Standard 4 Contingencies and Events Occurring After the Balance Sheet Date The following is the text of the revised Accounting Standard (AS) 4,‘Contingencies and Events Occurring After the Balance Sheet Date’, issuedby the Council of the Institute of Chartered Accountants of India.This revised standard comes into effect in respect of accounting periodscommencing on or after 1.4.1995 and is mandatory in nature.3 It is clarifiedthat in respect of accounting periods commencing on a date prior to 1.4.1995,Accounting Standard 4 as originally issued in November 1982 (andsubsequently made mandatory) applies
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