CA IPCC List of Amendments, Standards, Applicable for Nov 2017

CA IPCC List of Amendments, Standards, Applicable for Nov 2017 Exams. Due to Change in Companies Act Some Topics of CA IPCC are Changed and Every Student is Confused for “What is Changed” Here we are providing a list of IPCC List of Amendments,Standards, Guidance Notes Applicable for Nov 2017. Recently We Provide CA IPCC Result Date May 2017 and CA IPCC Question Papers May 2017 and Suggested Answers for May 2017 Exams. IPCC Nov 2017 Exams are Near and All Students Wants Changes and Amendments Applicable for Nov 2017 Exams and Here we provide list of all applicable amendments, Notifications, Guidance Notes, Accounting Standards etc. You can also Download CA IPCC Exam Time Table for Nov 2017 Exams from Below. Now you can scroll Down Below and Find CA IPCC List of Amendments,Standards, Applicable for Nov 2017 Exams.

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CA IPCC List of Amendments,Standards, Applicable for Nov 2017

CA IPCC List of Amendments, Standards

Paper 1: CA IPCC Accounting Amendments

Accounting Standards

AS1:Disclosure of Accounting Policies
AS2:Valuation of Inventories
AS3:Cash Flow Statements
AS6:Depreciation Accounting
AS7 :Construction Contracts (Revised 2002)
AS9:Revenue Recognition
AS10 :Accounting for Fixed Assets
AS13 :Accounting for Investments
AS14 :Accounting for Amalgamations

Paper 5: Advanced Accounting

Accounting Standards

AS 4 : Contingencies and Events occurring after the Balance Sheet Date
AS 5 : Net Profit or Loss for the Period, Prior Period Items and Changes in AccountingPolicies
AS 11 : The Effects of Changes in Foreign Exchange Rates (Revised 2003)
AS 12 : Accounting for Government Grants
AS 16 : Borrowing Costs
AS 19 : Leases
AS 20 : Earnings Per Share
AS 26 : Intangible Assets
AS 29 : Provisions, Contingent Liabilities and Contingent Assets.

Common Note for Paper 1 “Accounting” and Paper 5 “Advanced Accounting”

I. Applicability of the Companies Act, 2013 and other Legislative Amendments for November, 2017 Examination

The relevant notified Sections of the Companies Act, 2013 and legislative amendments including relevant Notifications / Circulars / Rules / Guidelines issued by Regulating Authority up to 30th April, 2017 will be applicable for November, 2017 Examination.

II. Applicability of Amendments made by MCA in the Companies (Accounting Standards) Rules, 2006 and Companies (Indian Accounting Standards) Rules, 2015

Amendments made by MCA on 30.3.2016 in the Companies (Accounting Standards) Rules, 2006 are applicable for November, 2017 examination.

III. Non-Applicability of Ind AS for November, 2017 Examination

The Ministry of Corporate Affairs has notified Companies (Indian Accounting Standards) Rules, 2015 on 16th February, 2015, for compliance by certain class of companies. These Ind AS have not been made applicable for November, 2017 Examination.

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Paper 2: Business Laws, Ethics and Communication

The Companies Act, 2013: The relevant sections of the Companies Act, 2013, along with significant Rules/ Notifications/ Circulars/ Clarifications/ Orders issued by the Ministry of Corporate Affairs upto 30th April, 2017. For updates, see http://www.mca.gov.in/

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CA IPCC Tax Amendments Applicable fro Nov 2017 Exams

Applicability of the Finance Act, Assessment Year etc. for Nov., 2017 examination

The provisions of income-tax and indirect tax laws, as amended by the Finance Act, 2016, including circulars and notifications issued and other legislative amendments made upto 30th April, 2017, are applicable for November, 2017 examination. The relevant assessment year for income-tax is A.Y. 2017-18.

For more amendments Please visit on following article

Paper 6: Auditing and Assurance

I. Standards on Auditing (SAs)

S.NoSATitle of Standard on Auditing
1SA 200Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Standards on Auditing
2SA 210Agreeing the Terms of Audit Engagements
3SA 220Quality Control for Audit of Financial Statements
4SA 230Audit Documentation
5SA 240The Auditor’s responsibilities Relating to Fraud in an Audit of Financial Statements
6SA 250Consideration of Laws and Regulations in An Audit of Financial Statements
7SA 260Communication with Those Charged with Governance
8SA 265Communicating Deficiencies in Internal Control to Those Charged with Governance and Management
9SA 299Responsibility of Joint Auditors
10SA 300Planning an Audit of Financial Statements
11SA 315Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and its Environment
12SA 320Materiality in Planning and Performing an Audit
13SA 330The Auditor’s Responses to Assessed Risks
14SA 402Audit Considerations Relating to an Entity Using a Service Organization
15SA 450Evaluation of Misstatements Identified during the Audits
16SA 500Audit Evidence
17SA 501Audit Evidence – Specific Considerations for Selected Items
18SA 505External Confirmations
19SA 510Initial Audit Engagements-Opening Balances
20SA 520Analytical Procedures
21SA 530Audit Sampling
22SA 540Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures
23SA 550Related Parties
24SA 560Subsequent Events
25SA 570Going Concern
26SA 580Written Representations
27SA 600Using the Work of Another Auditor
28SA 610 (Revised)Using the Work of Internal Auditors
29SA 620Using the Work of an Auditor’s Expert
30SA 700Forming an Opinion and Reporting on Financial Statements
31SA 705Modifications to the Opinion in the Independent Auditor’s Report
32SA 706Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor’s Report
33SA 710Comparative Information – Corresponding Figures and Comparative Financial Statements
34SA 720The Auditor’s Responsibility in Relation to Other Information in Documents Containing Audited Financial Statements

II. Statements

Statement on Reporting under Section 227(1A) of the Companies Act, 1956 (Section 143(1) of the Companies Act, 2013).

III. Guidance Notes

  1. Guidance Note on Audit of Inventories.
  2. Guidance Note on Audit of Debtors, Loans and Advances.
  3. Guidance Note on Audit of Investments.
  4. Guidance Note on Audit of Cash and Bank Balances.
  5. Guidance Note on Audit of Liabilities.
  6. Guidance Note on Audit of Revenue.
  7. Guidance Note on Audit of Expenses.
  8. Guidance Note on Reporting under section 143(3)(f) and (h) of the Companies Act, 2013

IV Applicability of the Companies Act, 2013

(i) The relevant notified Sections of the Companies Act, 2013 and other legislative amendments including relevant Notifications / Circulars / Rules / Guidelines issued by Regulating Authorities, cut-off date will be 30th April, 2017.

(ii) Companies (Auditor’s Report) Order, 2016 issued by Ministry of Corporate Affairs on 29th March, 2016 is applicable for November, 2017 Examination.

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17 comments

  1. I want to important chapters in it & s m becouse of it and sm totaly theory subject and also very difficult to remember please guide me sir how to study and remember

  2. sir is there any amendments are applicable for nov-2016

  3. Dear Sir, you conveyed us the topics that are ammended, example : AS 5.. But what changes are made in AS 5? Kindly explain those.. So that it would be helpful for us. Just merely providing the list of topics changed doesn’t help us in examination. Kindly provide us a source where we could find, what change is been made.
    Thank You

  4. sir i want to know whether there are any changes in IT&SM applicable for may 2016

  5. Sir I want to know the amendments which are applicable for may 2016 plz notify me

  6. Sir, will all the amendments which are in finance bill 2015, applicable to may 2016 exams??

  7. sir, i want to know amendments applicable in may 2016. Even all those changes in the syllabus of group2 for may 2016. please notify

  8. Sir,I want to know amendments in 2016 may attempt

  9. sir i want to knw abt the extent of applicability of CARO 2015 for ipcc nov 2015 attempt

  10. Syllabus of ipcc 2nd group

  11. I want to know the amendments in all the subjects for Nov 2015… As far as I have seen only advance accounts syllabus has chngd.. Excl. Of electricity… Plz notify me about any other change in both group subjects..!!

  12. Sir i dont find any changes in any paper of IPC (except Advance Accounting of 2nd group i.e exclusion of electricity chapter) applicable for Nov. 2015 as compare to may 15. Am i right? Otherwise what is the changes, plz… upto date me. Plz reply….

  13. I want to know amendments of taxation paper applicable for nov 2015 exam..so kindly provide me..n please let me know that new service tax is applicable or not?

  14. Hareshkumar Mansukhbhai Trapasiya

    i want to get relevant amendment of auditing paper for exam may 2015 so kindly provide me all details of new changes in auditing which is applicable for may 2015

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