CA Final Amendments for Nov 2022 Examination (List of topic-wise exclusions from the syllabus)

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Please find the text of the CA Final Amendments for Nov 2022 Examination notification below –

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CA Final Amendments for Nov 2022 Examination

Board of Studies
The Institute of Chartered Accountants of India
25th July 2022
Announcement
Applicability of Standards/Guidance Notes/Legislative Amendments etc. for November 2022 Examination

Study Guidelines for November 2022 Examinations Final New Course

Paper 1: Financial Reporting

List of topic-wise exclusions from the syllabus

(1)(2)(3)
S. No. in the revised syllabusTopics of the syllabusExclusions
2.Application of Indian Accounting Standards (Ind AS) with reference to General Purpose Financial StatementsIndian Accounting Standard (Ind AS) 16 ‘Property, Plant and Equipment’ Appendix B- Stripping Costs in the Production Phase of a Surface Mine
 (v) Ind AS on Assets and Liabilities of the Financial Statements including Industry-specific Ind ASIndian Accounting Standard (Ind AS) 37 ‘Provisions, Contingent Liabilities and Contingent Assets’ Appendix A: Rights to Interests arising from Decommissioning, Restoration and Environmental Rehabilitation Funds
  Appendix B: Liabilities arising from Participating in a Specific Market — Waste Electrical and Electronic Equipment
 (viii) Other Ind ASIndian Accounting Standard (Ind AS) 29 : Financial Reporting in Hyperinflationary Economies
  Indian Accounting Standard (Ind AS) 104 : Insurance Contracts
  Indian Accounting Standard (Ind AS) 106 : Exploration   for    and    Evaluation   of Mineral Resources
  Indian Accounting Standard (Ind AS) 114 : Regulatory Deferral Accounts
5.Analysis of financial statementsAnalysis of financial statements based on Accounting Standards

Notes:

  • October, 2021 edition of the Study Material is relevant for November, 2022 examination. The relevant / applicable topics or content are to be read alongwith the webhosted ‘Corrigendum to Study Material’, if any.
  • The relevant Amendments / Notifications / Circulars / Rules issued by the Companies Act, 2013 up to 30th April, 2022 will be applicable for November, 2022 Examination.

Accordingly, amendments issued by MCA and notified by the Central Government on 23rd March, 2022 wrt Amendments in the Companies Indian Accounting Standards Rules, 2015 is applicable for November, 2022 Examination.

Further, revised Conceptual Framework for Financial Reporting under Indian Accounting Standards is applicable from May, 2022 examination.

Paper3: AdvancedAuditingandProfessionalEthics

  1. List of topic-wise inclusion in the syllabus
    1. List of applicable Statements and Standards for November, 2022 Examination:
      1. Statement on Reporting under Section 227(1A) of the Companies Act, 1956 (Section 143(1) of the Companies Act, 2013).
      1. Framework for Assurance Engagements.
    1. List of applicable Engagements and Quality Control Standards on Auditing for November, 2022 Examination
S.NoSATitle of Standard on Auditing
1SQC 1Quality Control for Firms that Perform Audits and Reviews of Historical Financial Information, and Other Assurance and Related Services Engagements
2SA 200Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Standards on Auditing
3SA 210Agreeing the Terms of Audit Engagements
4SA 220Quality Control for Audit of Financial Statements
5SA 230Audit Documentation
6SA 240The Auditor’s responsibilities Relating to Fraud in an Audit of Financial Statements
7SA 250Consideration of Laws and Regulations in An Audit of Financial Statements
8SA 260Communication with Those Charged with Governance (Revised)
9SA 265Communicating Deficiencies in Internal Control to Those Charged with Governance and Management
10SA 299Joint Audit of Financial Statements (Revised)
11SA 300Planning an Audit of Financial Statements
12SA 315Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and its Environment
13SA 320Materiality in Planning and Performing an Audit
14SA 330The Auditor’s Responses to Assessed Risks
15SA 402Audit Considerations Relating to an Entity Using a Service Organization
16SA 450Evaluation of Misstatements Identified during the Audits
17SA 500Audit Evidence
18SA 501Audit Evidence – Specific Considerations for Selected Items
19SA 505External Confirmations
20SA 510Initial Audit Engagements-Opening Balances
21SA 520Analytical Procedures
22SA 530Audit Sampling
23SA 540Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures
24SA 550Related Parties
25SA 560Subsequent Events
26SA 570Going Concern (Revised)
27SA 580Written Representations
28SA 600Using the Work of Another Auditor
29SA 610Using the Work of Internal Auditors (Revised)
30SA 620Using the Work of an Auditor’s Expert
31SA 700Forming an Opinion and Reporting on Financial Statements (Revised)
32SA 701Communicating Key Audit Matters in the Independent Auditor’s Report (New)
33SA 705Modifications to the Opinion in the Independent Auditor’s Report (Revised)
34SA 706Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor’s Report (Revised)
35SA 710Comparative Information – Corresponding Figures and Comparative Financial Statements
36SA 720The Auditor’s Responsibility in Relation to Other Information (Revised)
  1. List of applicable Guidance Notes and other publications for November, 2022 Examination:Guidance Note on Audit under Section 44AB of the Income-tax Act.Guidance Note on Audit of Banks.Guidance Note on Audit of Internal Financial Controls over Financial Reporting.

IV Applicability of the Companies Act, 2013 and other Legislative Amendments for November, 2022 Examination

  • Students are expected to be updated with the notifications, circulars and other legislative amendments made up to 6 months prior to the examination. Accordingly, 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, 2022 will be applicable for November, 2022 Examination. It may be noted that the significant notifications and circulars issued which are not covered in the October 2021 edition of Study Material, would be given as Academic Update in the Revision Test Paper for November, 2022 Examination.
  • Companies (Auditor’s Report) Order, 2020 issued by Ministry of Corporate Affairs is applicable for

November, 2022 Examination.

  • Revised Statement on Peer Review is applicable for November, 2022 Examination.

STUDY MATERIAL FOR CA FOUNDATION

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STUDY MATERIAL FOR CA FINAL

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Official Link of CA Final Amendments for Nov 2022 Examination below –

https://resource.cdn.icai.org/71041bos57069.pdf

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Team CA Study

CA Final Amendments for Nov 2022 Examination (List of topic-wise exclusions from the syllabus) 1

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