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Confusion in syllabus

15 August 2014

Hello Friends,

As per companies act 2013, appointment of auditor is done now as per section 139. But this section is not there in the list of those 45 notified sections as listed by ICAI. So is this section applicable in nov 14 exams because in new books of audit (Surbhi bansal) for nov 14, this change has been made.

Please do clarify. I don't think course for audit and law will be different on particular 1 section.

Thanking you

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8 Replies

TUSHAL JAITLY (Articled Assistant) (80 Points)
Replied 15 August 2014

it is true that section 139 is not a part of 45 sections (out of 98 only 45 are applicable for CA Final) but I think section 139 will be applicable as well coz it relates to a full fledge topic. So as far as I think section 139 is applicable as well.

or you can do 1 thing download the revised study material from ICAI website.

Kishor Bhat (CA final CS executive (from Bangalore)) (1881 Points)
Replied 15 August 2014

sec 139 is the part of supplemenary material on chapter ix & x(sec 128 to 148). Chapter books of a/c and auditor chapt. Its applicable for coming exam. I thnk u guys dint c icai supplement material on this. 1 simple advice pls keep a habit of visiting icai.org/students/bos knwldg portal. U get two supplement material. Icai easily help students by giving amendment material, but stil most of the students wont visit and put query here. Well, download those material. All the best.

sourav (CS, CA FINAL) (55 Points)
Replied 15 August 2014

Apart from 45 sections of Companies Act, 2013, notified sections of Chapter IX, "Accounts of Companies" and Chapter X, "Audit and Auditors" i.e. sections 128 to 148 except 130,131,132 of the Companies Act,2013,along with its rules are also applicable for Nov.2014 examinations.

And remember section 133 was already in earlier applicable 45 sections. For details,see ICAI announcements dated 20th May,2014 and also on 10th June,2014

CS krishna sharma (article assitant) (28 Points)
Replied 15 August 2014

I truly agree with tushal

moulali (student) (735 Points)
Replied 18 August 2014

Agree with above all

AMRUTHA (Articled Trainee) (40 Points)
Replied 18 August 2014

section 139 is applicable.. Request you you to check and confirm. Thanks

Jatin Kumar (Student) (30 Points)
Replied 18 August 2014

Yes, Section 139 is aaplicable in Nov 2014 exam.

CA Harjeet Singh Dua (Chartered Accountant) (21 Points)
Replied 31 August 2014

Dear friends, As we know that accounting standards are also asked in Audit paper, my question is , can anyone tell whether companies act 2013's portion relevant for Financial reporting is Also relevant for Audit paper..? like change in Schedule VI and Applicability of Schedule III