Yes it will be.
The topic of “Introduction of Indian Accounting Standards (Ind AS); Comparative study of ASs vis-a-vis Ind ASs; Carve outs/ins in Ind ASs vis-à-vis International Financial Reporting Standards (IFRSs)” would be included in the syllabus of Final Paper 1 : Financial Reporting and the same would be applicable from May, 2016 Examination.
Link: https://www.icai.org/new_post.H T M L?post_id=11628&c_id=343
Yes, Current AS as well as Comparative study of AS and Ind AS are applicable for May, 2016 attempt. For detail you can refer ICAI issued supplimentary book for Financial Reporting.
CAclubindia
