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As per following notification ICAI was not supposed to ask questions from AS 30/31/32, but a 12 Marks question was set from the same for CA final (new syllabus). This is not absolutely done.
Queries are being received from various quarters as to whether in today’s context, Accounting Standard(AS)-30, Accounting Standard(AS)-31 and Accounting Standard(AS)-32 are required to be studied thoroughly for the examinations of the Institute, as they are included in the respective syllabus. |
| In regard to above, it is clarified for guidance of students that while students are required to be conversant with the concepts like types of assets, definitions etc, however, they are not required to be thorough with the application part of the standard, in view of the complexities involved, for May 2010 Exam . |
| (Vijay Kapur) Director Board of Studies |
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