Please find text of the relevant notification below –
Board of Studies
The Institute of Chartered Accountants of India
29th July, 2020
Final old course Examination Paper 1 Financial Reporting Removal of Guidance Note from the list of Applicability of Standards /
Guidance Notes / Legislative Amendments etc. for November, 2020
The Guidance Note on Accounting for Expenditure on Corporate Social Responsibility Activities, issued on 15th May 2015, by the CSR Committee has been withdrawn on 6th July, 2020. Consequent to it, the said Guidance Note would also not be applicable for Final old course Paper 1 Financial Reporting for November, 2020 examination.
Therefore, students are advised to ignore the ‘Guidance Note on Accounting for Expenditure on Corporate Social Responsibility Activities’ given at point 10 under ‘ III. Guidance Notes on Accounting Aspects’ of Final old course Paper 1 Financial Reporting in the list of ‘Applicability of Standards / Guidance Notes / Legislative Amendments etc. for November, 2020 – Final Examination – (15-07-2020)’ uploaded on the website at the link: https://resource.cdn.icai.org/60300bos49124finalold.pdf
Board of Studies
Official Link of above said notification can be accessed from below –
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