Amendments in Group I - CA Final November 2016

1. FINANCIAL REPORTING

• Ind AS a.k.a Converged IFRS have been made applicable to the CA Final Novemeber 2016 Examinations 

              Reference Material is released by ICAI Regarding the same and can be viewed / downloaded               by CLICK HERE

• AS 30, 31 and 32 on the topic ‘Accounting and Reporting of Financial Instruments’ are omitted and are not applicable for the examination

• Amendments made by MCA in the Companies (Accounting Standards) Rules, 2006 and Companies (Indian Accounting Standards) Rules, 2015 Have NOT BEEN MADE APPLICABLE for the examination accordingly students may ignore the same for November 2016 Examinations 
• Revised Chapter VI on Reporting of Financial Instruments CLICK HERE FOR MATERIAL 

2. STRATEGIC FINANCIAL MANAGEMENT

• No amendments for November 2016 But Refer to the Supplementary Study paper released by ICAI which contains New Q&A and Corrections to the OLD Materials 

3. ADVANCED AUDITING AND PROFESSIONAL ETHICS

• The relevant notified Sections of the Companies Act, 2013 and other legislative amendments including relevant Notifications / Circulars / Rules / Guidelines issued by Regulating Authorities, cut-off date will be 30th April, 2016. 

• Companies (Auditor’s Report) Order, 2016 issued by Ministry of Corporate Affairs on 29th March, 2016 is applicable for November, 2016 Examination.

4. CORPORATE AND ALLIED LAWS

• The Companies Act, 2013:The relevant sections of the Companies Act, 2013, along with significantRules/ Notifications/ Circulars/ Clarification/ Orders issued by the Ministry of Corporate Affairs upto 30thApril 2016

• Chapter 9, 15 of the new STUDY MATERIAL JAN 2016 EDITION ARE NOT APPLICABLE
• Note : Plz Read updated material on Insurance Act Instead of Old Materials

NOTE : ALONG WITH THE ABOVE AMENDMENTS ALSO READ THE NOTIFICATIONS ANNEXED TO THE REVISION TEST PAPERS NOVEMBER 2016 FOR FULL COVERAGE OF THE AMENDMENTS