The Institute of Chartered Accountants of India (ICAI) is likely to change the syllabus for Chartered Accountancy (CA) Final exam scheduled to be held in November for various subjects, Tax Scan has reported.
As per the report, the Financial Reporting paper, topics such as - application of existing accounting standards, application of guidance notes, accounting for carbon credits, accounting for e-commerce, human resources reporting, value added statement, expert advisory committee and other more would be excluded from the syllabus.
In the Strategic Financial Management paper, topics such as - Indian Financial System, International Financial Centre (IFC) and Small & Medium Enterprises are likely to be excluded.
In the Advanced Auditing and Professional Ethics paper - special audit assignment is said to have been excluded.
Guidance notes for various topics are likely to be excluded namely:
- Code of ethics
- Independence of auditors
- Audit of inventories, debtors, loans and advances
- Audit of investments, liabilities, cash and bank balances
- Audit of revenue, expenses, payment of dividend, capital and reserves
- Computer Assisted Audit Techniques
- Reporting on Fraud under section 143(12) of the Companies Act, 2013
- Reporting under section 143(3)(f) and (h) of the Companies Act, 2013-14
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