Hello Everyone,

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

Get access to Exclusive Unacademy Plus & Iconic Subscriptions at Best Discounted Rates. Click here to Know More.

Buy Google Drive /PenDrive Lectures at Best Rates Online with additional offers on Buying Combos. Click here to explore.

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 syllabus	Topics of the syllabus	Exclusions
2.	Application of Indian Accounting Standards (Ind AS) with reference to General Purpose Financial Statements	Indian 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 AS	Indian 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 AS	Indian 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 statements	Analysis 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

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).
  2. Framework for Assurance Engagements.
2. List of applicable Engagements and Quality Control Standards on Auditing for November, 2022 Examination

S.No	SA	Title of Standard on Auditing
1	SQC 1	Quality Control for Firms that Perform Audits and Reviews of Historical Financial Information, and Other Assurance and Related Services Engagements
2	SA 200	Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Standards on Auditing
3	SA 210	Agreeing the Terms of Audit Engagements
4	SA 220	Quality Control for Audit of Financial Statements
5	SA 230	Audit Documentation
6	SA 240	The Auditor’s responsibilities Relating to Fraud in an Audit of Financial Statements
7	SA 250	Consideration of Laws and Regulations in An Audit of Financial Statements
8	SA 260	Communication with Those Charged with Governance (Revised)
9	SA 265	Communicating Deficiencies in Internal Control to Those Charged with Governance and Management
10	SA 299	Joint Audit of Financial Statements (Revised)
11	SA 300	Planning an Audit of Financial Statements
12	SA 315	Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and its Environment
13	SA 320	Materiality in Planning and Performing an Audit
14	SA 330	The Auditor’s Responses to Assessed Risks
15	SA 402	Audit Considerations Relating to an Entity Using a Service Organization
16	SA 450	Evaluation of Misstatements Identified during the Audits
17	SA 500	Audit Evidence

18	SA 501	Audit Evidence – Specific Considerations for Selected Items
19	SA 505	External Confirmations
20	SA 510	Initial Audit Engagements-Opening Balances
21	SA 520	Analytical Procedures
22	SA 530	Audit Sampling
23	SA 540	Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures
24	SA 550	Related Parties
25	SA 560	Subsequent Events
26	SA 570	Going Concern (Revised)
27	SA 580	Written Representations
28	SA 600	Using the Work of Another Auditor
29	SA 610	Using the Work of Internal Auditors (Revised)
30	SA 620	Using the Work of an Auditor’s Expert
31	SA 700	Forming an Opinion and Reporting on Financial Statements (Revised)
32	SA 701	Communicating Key Audit Matters in the Independent Auditor’s Report (New)
33	SA 705	Modifications to the Opinion in the Independent Auditor’s Report (Revised)
34	SA 706	Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor’s Report (Revised)
35	SA 710	Comparative Information – Corresponding Figures and Comparative Financial Statements
36	SA 720	The Auditor’s Responsibility in Relation to Other Information (Revised)

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

CA Foundation Library – Click Here
CA Foundation Free Classes For November/December 2022 Exams – Click Here
CA Foundation Classes – Ongoing and Upcoming Batch Details (and Discount Coupon) – Click here.

STUDY MATERIAL FOR CA INTER

For Best CA Inter Notes Collection & Official ICAI Study Material – Click Here
For CA Inter CA Pen drive Classes / Google Drive/ Live Streaming Classes – Click Here
CA Inter Classes – Ongoing and Upcoming Batch Details (and Discount Coupon) – Click here

STUDY MATERIAL FOR CA FINAL

For Best CA Final Notes Collection & Official ICAI Study Material – Click Here
For CA Final CA Pen drive Classes / Google Drive/ Live Streaming Classes – Click Here
CA Final Classes – Ongoing and Upcoming Batch Details (and Discount Coupon) – Click here

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

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

That’s all for now. Stay Connected for more such authentic updates.

Jai Hind, Vande Mataram
Team CA Study

Best Telegram Channels & Groups for CA Students

CA Study CA – Born To Fight (Channel) T.me/CABornToFight Never Miss an Update. Click Here for Notification & Whatsapp Group. CA Final – Born To Fight (Channel) T.me/CAFinal_BornToFight CA – Inter/IPCC (Channel) T.me/CAInter_BornToFight CA – Final Students Discussion Hub T.me/CABornToFight_Final CA – IPCC/Inter Students Discussion Hub T.me/CABornToFight_IPCC SUBJECT WISE GROUPS OF CA IPCC/INTER Mission P1 …