Companies ( Accounting Standards ) Rules, 2006 28 Common Lapses / Oversight Made in Accounting Policies AS-2-Valuation of Inventories AS-6-Depreciation Accounting AS-9-Revenue Recognition AS-11- (Revised 2003) The Effects of Chanes in Foreign Exchange AS-13-Accounting of Investments AS-15-(Revised) Employee Benefits AS-17-Segment Reporting . AS-22-Taxes AS-25-Interim Financial Reporting . AS-26-Intangible Assets . AS-28-Impairment of Assets . AS-29-Provisions, Contingent Liabilities and Contingent Assets