ICAI Building (image via Facebook)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
An Appeal...
Dear Reader,
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.