23 August 2014
Is there any change in CARO in auditing subject for IPCC syllabus for November exam compared to May attempt ????? Whether CARO 2003 is applicable or CARO 2013 is applicable ???? and also please mention the changes in Nov attempt compared to May attempt ??!!!! Thanks in advance !!!!!!!
23 August 2014
Not much change is there except the chapter of company Audit. Companies Act 2013 is in force now which is applicable for Nov 14 attempt so you have to prepare the chapter of Company Audit as per new companies Act 2013.
However there is no change in CARO as far as new Companies Act 2013 is concerned.
23 August 2014
Applicability of notified sections of the Companies Act, 2013 for November 2014 Exam
The Central Government has notified 98 sections of the Companies Act, 2013 on 12th September, 2013.
Accordingly those 98 notified sections are applicable for November 2014 examinations corresponding to their bifurcation into the Intermediate (IPC) and Final Course(s), i.e. from these 98 sections, 53 sections have been included in the Paper–2, Business Laws, Ethics and Communication, Intermediate (IPC) Course, and 45 have been included in the Paper-4, Corporate and Allied Laws, Final Course.
Download ICAI Notification in this regard from the link below:
http://220.227.161.86/32800bos-announ15mar14.pdf
Notification dated 20.05.2014 for Applicability of notified sections of Chapter IX, “Accounts of Companies” and Chapter X, “Audit and Auditors” of the Companies Act, 2013 along with its Rules for November 2014, Examinations for Final Course. Download ICAI Notification in this regard from the link below:
http://220.227.161.86/33530bos23144nov14.pdf
"It is also clarified that along with the applicable sections of the Companies Act, 2013, the remaining provisions of the Companies Act, 1956, if any, would continue to apply for November 2014 examinations."
3. Link for latest amendments and notifications from ICAI
You are advised to regularly check the link given below for the purpose of keeping you in sync with latest amendments and keep a track of changes in Syllabus and various amendments from the BOS knowledge portal of ICAI:
Also check the link given below and use exam oriented material available at the BOS knowledge portal of ICAI:
http://www.icai.org/new_category.html?c_id=342
4. Auditing, Indirect Tax, Company Law update files for November 2014 attempt.
Also download some extremely useful exam oriented files related to Auditing amendments, Indirect Tax Amendments and Company Law amendments from the link mentioned below regarding your November 2014 attempt:
14 September 2014
http://www.icai.org/new_post.html?post_id=10951&c_id=342
Also check out about applicable sections of the Companies Act, 2013- for Group II : Paper 6 Auditing & Assurance Intermediate (IPC) November 2014 Examination, from above link.
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