PLEASE CAN ANY BODY TELL ME THE SYLLABUS FOR MAY 2010 CA FINAL EXAMINATIONS( OLD SYLLABUS )?
ESPECIALLY REGAEDING THE APPLICABILITY OF IFRS; AS 30;31;32 & THE SERVICES APPLIACBLE UNDER SERVICE TAX.
PLEASE HELP!
THANKS & REGARDS
SWATI AGARWAL
CA FINAL
( For Final – Old and Final – New )
S.No. Engagements and Quality Control Standards ( Auditing).
1. Basic Principles Governing an Audit (SA 200)
2. Objectives and Scope of the Audit of Financial Statements (SA 200A)
3. Agreeing the Terms of Audit Engagements (SA 210) (Revised)
4. Quality Control for Audit Work (SA 220)
5. Audit Documentation (230) (Revised)
6. The Auditor’s Responsibilities Relating Fraud in an Audit of Financial Statements (SA 240) (Revised)
7. Consideration of Laws and Regulations in an Audit of Financial Statements (SA 250) (Revised)
8. Communication with Those Charged with Governance (SA 260) (Revised)
9. Communicating Deficiencies in Internal Control to Those Charged with Governance and Management (265) (Newly Issued)
10. Responsibility of Joint Auditors (SA 299)
11. Planning an Audit of Financial Statements (300) (Revised)
12. Identifying and Assessing the Risk of Material Misstatement Through Understanding the
Entity and its Environment (SA 315) (Newly issued)*
13. Materiality in Planning and Performing an Audit (SA 320) (Revised)
14. The Auditor’s Responses to Assessed Risks (SA 330) (Newly issued)*
15. Audit Considerations Relating to Entities Using Service Organisations (SA 402) (Revised)
16. Evaluation of Misstatements identified During the Audit (450) (Newly Issued )
17. Audit Evidence (SA 500) (Revised)
18. Audit Evidence - Additional Considerations for Specific Items (SA 501)
19. External Confirmations (SA 505)
20. Initial Audit Engagements – Opening Balances (SA 510) (Revised)
21. Analytical Procedures (SA 520)
22. Audit Sampling (SA 530) (Revised)
23. Auditing Accounting Estimates, Including Fair Value Accounting Estimates and Related Disclosures (SA 540) (Revised)
24. Related Parties (SA 550) (Revised)
25. Subsequent Events (SA 560) (Revised)
26. Going Concern (SA 570) (Revised)
27. Written Representations (SA 580) (Revised)
28. Using the Work of Another Auditor (SA 600)
29. Using the Work of an Internal Auditors (SA 610) (Revised)
30. Using the Work of an Expert (SA 620)
31. The Auditor's Report on Financial Statements (SA 700)
32. Comparatives (SA 710)
33. The Auditor’s Responsibility in Relation to Other Information in Documents Containing
Audited Financial Statements (720) (Newly Issued )
34. Engagements to Compile Financial Information (SRS 4410)
35. Engagements to Perform Agreed- upon Procedures Regarding Financial Information (SRS 4400)
36. Engagements to Review Financial Statements (SRE 2400)
37. The Examination of Prospective Financial Information (SAE 3400)
* SA 315 & SA 330 – become effective in April, 2008. The Standard on Auditing (SA) 400, “Risk Assessments and Internal Control”, SA 310, “Knowledge of the Business”, and SA 401, “Auditing in a Computer Information Systems Environment”, issued in June 2002, April 2000 and January 2003, respectively, would stand withdrawn.
Applicability of services for May and November 2010 examinations:-
Final Examinations (Both Existing and New)
Paper 8 : Indirect taxes/ Paper 8 : Indirect Tax Laws
It is clarified that in respect of taxable services covered in the syllabus of Paper 8 : Indirect taxes/ Paper 8 :
Indirect Tax Laws, students will be examined only in respect of the following taxable services:
· Intellectual Property Services
1. Franchise services
2. Intellectual property services
· Financial services
3. Banking & other financial services
4. Credit rating agency’s services
5. Stock broking services
· Transport of goods services
6. Goods transport agency’s services
7. Courier services
8. Mailing list compilation and mailing services
9. Transport of goods by air services
10. Clearing and forwarding services
11. Cargo handling services
12. Customs house agent’s services
13. Storage and warehousing services
14. Transport of goods through pipeline or other conduit
15. Transport of goods in containers by rail by any person, other than government railway
· Professional Services
16. Practising chartered accountant’s services
17. Management or business consultancy services
18. Consulting engineer’s services
19. Scientific and technical consultancy services
20. Technical testing and analysis services
21. Market research services
22. Opinion poll services
23. Public relations services
· Real estate & infrastructure services
24. Construction services in respect of commercial or industrial buildings or civil structures
25. Construction services in respect of residential complexes
26. Architect’s services
27. Real estate agent’s services
28. Site preparation and clearance, excavation, earthmoving and demolition services
29. Interior decorator’s services
· Business services
30. Business auxiliary services
31. Business support services
32. Manpower recruitment or supply agency’s services
CA. R. Devarajan
Director, Board of Studies
I. Statements and Standards
1. Framework for the Preparation and Presentation of
Financial Statements
Final Course (Old)
Paper 1: Advanced Accounting
2. Accounting Standards (including limited revisions) —AS 1 to
AS 32.
II. Guidance Notes onAccounting Aspects
1. Guidance Note on Treatment of Reserve Created on
Revaluation of Fixed Assets.
2. Guarantees and Counter-Guarantees Given by Companies.
3. Guidance Note onAccrual Basis of Accounting.
4. Guidance Note onAccounting Treatment for Excise Duty.
5. Guidance Note onAccounting for Depreciation in Companies.
6. Guidance Note on Availability of Revaluation Reserve for
Issue of Bonus shares.
7. Guidance Note on Accounting Treatment for
MODVAT/CENVAT.
8 Guidance Note onAccounting for Corporate Dividend Tax.
9. Guidance Note on Accounting for Employee Share-based
Payments.
10. Guidance Note onAccounting for Fringe Benefits Tax.
11. Guidance Note on Accounting for Credit Available in respect
of MinimumAlternate Tax under the Income-taxAct, 1961.
12. Guidance Note on Measurement of Income Tax for Interim
Financial Reporting in the context ofAS 25
Note: Official Announcements and Notifications (in relation to
syllabus) issued till 31st October, 2009 will be applicable for
May, 2010 examination.
I. Professional Topics/Subjects
1. Code of Ethics
(The Chartered Accountants (Amendment) Act, 2006 is
applicable for November, 2008 Final Examination onwards.)
II. Engagements and Quality Control Standards onAuditing
(SA/SRS/SRE/SAE)
1. Framework forAssurance Engagements
2. Engagements and Quality Control Standards on Auditing
(details given as under)
S.No. Engagements and Quality Control Standards onAuditing
1. Basic Principles Governing anAudit (SA 200)
2. Objectives and Scope of the Audit of Financial Statements
(SA 200A)
3. Agreeing theTerms ofAudit Engagements (SA210) (Revised)
4. Quality Control for AuditWork (SA 220)
5. Audit Documentation (230) (Revised)
6. The Auditor’s Responsibilities Relating Fraud in an Audit of
Financial Statements (SA 240) (Revised)
7. Consideration of Laws and Regulations in an Audit of
Financial Statements (SA250) (Revised)
8. Communication with Those Charged with Governance (SA
260) (Revised)
9. Communicating Deficiencies in Internal Control to Those
Charged with Governance and Management (265) (Newly
Issued)
10. Responsibility of Joint Auditors (SA299)
11. Planning anAudit of Financial Statements (300) (Revised)
12. Identifying and Assessing the Risk of Material Misstatement
Through Understanding the Entity and its
Environment (SA 315) (Newly issued)*
13. Materiality in Planning and Performing an Audit (SA 320)
(Revised)
14. The Auditor’s Responses to Assessed Risks (SA 330) (Newly
issued)*
15. Audit Considerations Relating to Entities Using Service
Organisations (SA402) (Revised)
16. Evaluation of Misstatements identified During the Audit
(450) (Newly Issued )
17. Audit Evidence (SA500) (Revised)
18. Audit Evidence — Additional Considerations for Specific
Items (SA501)
19. External Confirmations (SA 505)
20. Initial Audit Engagements — Opening Balances (SA 510)
(Revised)
21. Analytical Procedures (SA520)
22. Audit Sampling (SA 530) (Revised)
23. Auditing Accounting Estimates, Including Fair Value
Accounting Estimates and Related Disclosures (SA 540)
(Revised)
24. Related Parties (SA 550) (Revised)
25. Subsequent Events (SA560) (Revised)
26. Going Concern (SA570) (Revised)
27. Written Representations (SA580) (Revised)
28. Using theWork of AnotherAuditor (SA 600)
29. Using theWork of an Internal Auditor (SA610) (Revised)
30. Using theWork of an Expert (SA620)
31. TheAuditor's Report on Financial Statements (SA700)
32. Comparatives (SA710)
33. The Auditor’s Responsibility in Relation to Other
Information in Documents Containing Audited Financial
Statements (720) (Newly Issued )
34. Engagements to Compile Financial Information (SRS 4410)
35. Engagements to Perform Agreed — upon Procedures
Regarding Financial Information (SRS 4400)
36. Engagements to Review Financial Statements (SRE 2400)
37. The Examination of Prospective Financial Information
(SAE 3400)
* SA 315 & SA 330 — become effective in April, 2008. The
Standard on Auditing (SA) 400, “Risk Assessments and Internal
Control”, SA 310, “Knowledge of the Business”, and SA 401,
“Auditing in a Computer Information Systems Environment”,
issued in June 2002, April 2000 and January 2003, respectively,
would standwithdrawn.
3. Statement on Reporting under Section 227(1A) of the
CompaniesAct, 1956
4. Statement on the Companies (Auditor’s Report) Order, 2003
[2005 Edition].
III. Guidance Notes/Study Guide/Monograph
Guidance Notes onAuditingAspects:
1. Guidance Note on Independence ofAuditors
2. Internal Control Questionnaire.
3. Guidance Note on Audit Reports and Certificates for Special
Purposes
4. Guidance Note onAudit of FixedAssets.
5. Guidance Note on Audit under Section 44AB of the IncometaxAct
[2005 Edition].
6. Guidance Note onAudit of Abridged Financial Statements.
7. Guidance Note onAudit of Inventories.
8. Guidance Note onAudit of Debtors, Loans andAdvances.
9. Guidance Note onAudit of Investments.
10. Guidance Note onAudit of Miscellaneous Expenditure.
11. Guidance Note onAudit of Cash and Bank Balances.
12. Guidance Note onAudit of Liabilities.
13. Guidance Note onAudit of Revenue.
14. Guidance Note onAudit of Expenses.
15. Guidance Note on Sections 227(3)(e) and (f) of the
CompaniesAct, 1956.
16. Guidance Note on Certificate of Corporate Governance
[2006 Edition].
17. Guidance Note on Revision ofAudit Report.
18. Guidance Note on Computer Assisted Audit Techniques
(CAATs).
19. Guidance Note onAudit of Payment of Dividend.
20. Guidance Note onAudit of Capital and Reserves.
1. The study material for Paper 7: Direct Tax Laws [Final (New
Course)], as amended by the Finance (No. 2) Act, 2009
relevant for A.Y. 2010-11. This study material will also be
relevant for May 2010 examination for the Final (Old
Course) examination for Paper 7: Direct Taxes with the
exception of the following chapters -
1. Chapter 12 on Inter-relationship between Accounting
and Taxation and
2. The portion relating to Ethics in Taxation (14.4) in
Chapter 14.
2. The Supplementary Study Paper – 2009 for the final course,
which contains the amendments made by the Finance (No.
2) Act, 2009 (relevant for A.Y. 2010-11) and significant
notifications/circulars issued between 1-5-2008 and 30-4-
2009 [Portions relating to Direct Taxes].
3. Select cases in Direct and Indirect Taxes (2009) — An
Essential reading for the Final Course [Portions relating to
Direct Taxes].
4. The significant amendments made by circulars/
notifications issued between 1-5-09 and 31-10-09 would be
hosted on thewebsite of the Institutewww.icai.org.
1. The study material for Paper 8: Indirect Tax Laws [Final
(New Course)], as amended by the Finance (No. 2) Act,
2009. This study material will also be relevant for May 2010
examination for Final (Old Course) Paper 8: Indirect Taxes
with the exception of the following chapters:
1. Chapters 6 to 12 of Section B relating to VAT
2. Chapter 16 of Section C on Inter-relationship of
Accounting with Excise, Customs and Service Tax
2. Final Course—Supplementary Study Paper— 2009 containing
the amendments made by the Finance (No.2) Act, 2009 and
significant notifications/circulars issued between 1-5-2008
and 30-4-2009 [portions relating to Indirect Taxes].
3. Select cases in Direct and Indirect Taxes (2009) – An
Essential Reading for the Final Course [Portions relating to
Indirect Taxes]
4. The significant amendments made by circulars/
notifications issued between 1.5.09 and 31.10.09 would be
hosted on thewebsite of the Institutewww.icai.org.
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