applicability of IFRS,COMPANY LAW AMENDMENT,GST

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Srinivasan (Querist)
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06 December 2009 HI frinds ,my attempt for final falls in May 2011... As IFRS stands amended on 2011 i am much worried about whether it ll spoil my preparations. And i hear that New Company Law will also come into force from 2011 and as we all know GST gets amended ..

I want a clear explanation on all these.. Shall i go ahead with my preparations.

And any one has any idea as to from when the Institute ll start testing on all those amended ones.

I am much worried only about Company Law and GST only.

CA SURENDRA KUMAR RAKHECHA

CA SURENDRA KUMAR RAKHECHA (Expert)
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07 December 2009 When you qualify CA Final; it means you are capable to start practice. You will not be able to start your practice; when you have old version. Whatever amendments and developments take place; you should take them as fashion (proffession means pro-fashion).

You should focus your attention towards learning new subjects rather than to make pressure in your mind.

Whenever new amendments take place in any of the area; they open new avenues for the professionals.

You should read regularly relevant magazines, jounrnals to update your knowledge. Not a single journal of ICAI should be missed. An overview will also be sufficient.

It might be possible that you thoroughly cover the study materials and compilation. In this way you can satisfy yourself that you have covered the whole syllabus.

Regarding company law and gst; you should not worry because basic concepts will remain same.

Even after introduction of these new acts; an intial level; questions asked will not be so tough.

Wish you best of luck.

CAREER CONSULTANT
SURAT