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
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.
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
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
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