22 August 2014
In Audit there is a change in Company Audit topic only due to the applicability of Companies Act 2013.
Please find below relevant links:
Applicability of notified sections of the Companies Act, 2013 for November 2014 Exam
The Central Government has notified 98 sections of the Companies Act, 2013 on 12th September, 2013.
Accordingly those 98 notified sections are applicable for November 2014 examinations corresponding to their bifurcation into the Intermediate (IPC) and Final Course(s), i.e. from these 98 sections, 53 sections have been included in the Paper–2, Business Laws, Ethics and Communication, Intermediate (IPC) Course, and 45 have been included in the Paper-4, Corporate and Allied Laws, Final Course.
Download ICAI Notification in this regard from the link below:
http://220.227.161.86/32800bos-announ15mar14.pdf
Notification dated 20.05.2014 for Applicability of notified sections of Chapter IX, “Accounts of Companies” and Chapter X, “Audit and Auditors” of the Companies Act, 2013 along with its Rules for November 2014, Examinations for Final Course. Download ICAI Notification in this regard from the link below:
http://220.227.161.86/33530bos23144nov14.pdf
"It is also clarified that along with the applicable sections of the Companies Act, 2013, the remaining provisions of the Companies Act, 1956, if any, would continue to apply for November 2014 examinations."
3. Link for latest amendments and notifications from ICAI
You are advised to regularly check the link given below for the purpose of keeping you in sync with latest amendments and keep a track of changes in Syllabus and various amendments from the BOS knowledge portal of ICAI:
Also check the link given below and use exam oriented material available at the BOS knowledge portal of ICAI:
http://www.icai.org/new_category.html?c_id=342
4. Auditing, Indirect Tax, Company Law update files for November 2014 attempt.
Also download some extremely useful exam oriented files related to Auditing amendments, Indirect Tax Amendments and Company Law amendments from the link mentioned below regarding your November 2014 attempt:
24 August 2014
Since Section 139 to Section 148 (Chapter X - Audit and Auditors) applicable are not among the 98 Section notified which are applicable for Nov 2014 exams there is no changes in Audit Subject for IPCC Nov 2014 exams.
Remember for the rest of the section Companies Act 1956 will continue to apply.
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