The Institute of Chartered Accountants of India (ICAI) is likely to bring modifications in the scope of syllabus of select subjects for the CA Final Exam scheduled in November 2019.
According to sources, In paper Financial Reporting, the topics such as Application of existing Accounting Standards i.e., AS 15, 21,23, 25, 27 and 28, Application of Guidance Notes issued by ICAI on specified accounting aspects, Accounting for Carbon Credits and related Guidance Note, Accounting for E-commerce Business and related Guidance Note, Human Resource Reporting, Value Added Statement and Expert Advisory Committee (EAC) Opinions etc are excluded from the syllabus.
The Guidance Note on accounting for expenditure on Corporate Social Responsibility activities falling within the scope of topic 13 of Syllabus Contents continues to be applicable.
The paper Strategic Financial Management excludes the topics Indian Financial System, International Financial Centre (IFC) and Small & Medium Enterprises.
Th topic Special Audit Assignment topic has been excluded from the paper Advanced Auditing and Professional Ethics.
Further, the following Guidance Notes and other publications are excluded: 1. Code of Ethics 2. Guidance Note on Independence of Auditors. 3. Guidance Note on Audit of Inventories. 4. Guidance Note on Audit of Debtors, Loans and Advances. 5. Guidance Note on Audit of Investments. 6. Guidance Note on Audit of Cash and Bank Balances. 7. Guidance Note on Audit of Liabilities. 8. Guidance Note on Audit of Revenue. 9. Guidance Note on Audit of Expenses. 10. Guidance Note on Computer Assisted Audit Techniques (CAATs). 11. Guidance Note on Audit of Payment of Dividend. 12. Guidance Note on Audit of Capital and Reserves. 13. Guidance Note on Reporting under section 143(3)(f) and (h) of the Companies Act, 2013 14. Guidance Note on Reporting on Fraud under section 143(12) of the Companies Act, 2013.
