Clarification on effective date of applicability of some SAs

STUDENTS SHOULD NOTE THAT SA 700(REVISED), SA 705 AND SA 706 WERE ORIGINALLY MADE EFFECTIVE FROM 1.4.2011. HOWEVER, LATER ON, ICAI DEFERRED THEIR APPLICABILITY FOR ONE YEAR. IN ICAI'S LATEST ANNOUNCEMENT WITH RESPECT TO APPLICABILITY OF SA FOR NOVEMBER'2013 ATTEMPT (https://220.227.161.86/30108bos19691final.pdf) THEIR APPLICABILITY DATE IS GIVEN AS 1.4.2012. STUDENTS HAVING OLD STUDY MATERIAL SHOULD NOT BE CONFUSED AS THESE ARE THE SAME STANDARDS WHICH WERE ORIGINALLY MADE APPLICABLE W.E.F. 1.4.2011. THERE IS NO CHANGE IN TEXT MATTER, ONLY EFFECTIVE DATE HAS BEEN CHANGED AS NOW THESE ARE APPLICABLE W.E.F. 1.4.2012.

CA SURBHI BANSAL