LIST OF INSTITUTE’S PUBLICATIONS RELEVANT FOR MAY, 2011 EXAMINATION
Relevant for May, 2011 Examination(PCC/IPCC)
CA Ravi Sisodia (CA,CS,CMA) (32226 Points)
10 February 2011
46 Replies
CA Ravi Sisodia
(CA,CS,CMA)
(32226 Points)
Replied 10 February 2011
Paper 1: Advanced Accounting
PCC
Accounting Standards 1, 2, 3, 4, 5, 6, 7, 9, 10, 11, 12, 13, 14, 16, 19, 20 26, 29 are covered in the
syllabus.
Paper 1: Accounting
IPCC (Group I)
Accounting Standards 1, 2, 3, 6, 7, 9, 10, 13, 14, are covered in the syllabus.
The study material revised in July, 2010 is relevant for May, 2011 examination.
Paper 5: Advanced Accounting
IPCC (Group II)
Accounting Standards 4, 5, 11, 12, 16, 19, 20 26, 29 are covered in the syllabus.
The study material revised in January, 2010 is relevan t for May, 2011 examination.
CA Ravi Sisodia
(CA,CS,CMA)
(32226 Points)
Replied 10 February 2011
PAPER 3 : ADVANCED AUDITING AND PROFESSIONAL ETHICS
I. Statements
1. Statement on Reporting under Section 227 (1A) of the Companies Act, 1956
https://220.227.161.86/18799announ10264b.pdf
2. Statement on the Companies (Auditor’s Report) Order, 2003 (2005 Edition)
https://220.227.161.86/18798announ10264a.pdf
II. Standards on Auditing (SQC/SA/SRS/SRE/SAE)
S.N
o
SA Title of Standard on Auditing Effective Date
1 SQC 1 Quality Control for Firms that Perform Audits and Reviews
of Historical Financial Information, and Other Assurance
and Related Services Engagements
https://220.227.161.86/15366Link1.pdf
April 1, 2009
2 SA 200 Overall Objectives of the Independent Auditor and the
Conduct of an Audit in Accordance with Standards on
Auditing
https://220.227.161.86/18132sa200_rev.pdf
April 1, 2010
3 SA 210 Agreeing the Terms of Audit Engagements
https://220.227.161.86/16837sa210revised.pdf
April 1, 2010
4 SA 220 Quality Control for an Audit of Financial Statements
https://220.227.161.86/18133sa220_rev.pdf
April 1, 2010
5 SA 230 Audit Documentation
https://220.227.161.86/15372Link7_SA2 30-standard.pdf
April 1, 2009
6 SA 240 The Auditor’s responsibilities Relating to Fraud in an Audit
of Financial Statements
https://220.227.161.86/15374Link9_240SA_REVISED.pdf
April 1, 2009
7 SA 250 Consideration of Laws and Regulations in An Audit of
Financial Statements
https://220.227.161.86/15376Link11_SA250 -text.pdf
April 1, 2009
8 SA 260 Communication with Those Char ged with Governance
https://220.227.161.86/15378Link13_SA%20260 -text.pdf
April 1, 2009
9 SA 265 Communicating Deficiencies in Internal Control to Those
Charged with Governance and Management
https://220.227.161.86/16838sa265.pdf
April 1, 2010
10 SA 299 Responsibility of Joint Auditors
https://220.227.161.86/15379Link14_299 SA-AAS12.pdf
April 1, 1996
11 SA 300 Planning an Audit of Financial Statements
https://220.227.161.86/15381Link16_300SA_REVISED.pdf
April 1, 2008
12 SA 315 Identifying and Assessing the Risks of Material
Misstatement through Understanding the Entity and its
Environment
https://220.227.161.86/15382Link17_315SA.pdf
April 1, 2008
13 SA 320 Materiality in Planning and Performing a n Audit
https://220.227.161.86/16839sa320revised.pdf
April 1, 2010
14 SA 330 The Auditor’s Responses to Assessed Risks
https://220.227.161.86/15384Link19_330SA.pdf
April 1, 2008
15 SA 402 Audit Considerations Relating to an Entity Using a Service
Organization
https://220.227.161.86/16840sa402revised.pdf
April 1, 2010
16 SA 450 Evaluation of Misstatements Identified during the Audits
https://220.227.161.86/16841sa450revised.pdf
April 1, 2010
17 SA 500 Audit Evidence
https://icai.org/resource_file/15576sa500revised.pdf
April 1, 2009
18 SA 501 Audit Evidence - Specific Considerations for Selected Items
https://220.227.161.86/18134sa501_rev.pdf
April 1, 2010
19 SA 505 External Confirmations
https://220.227.161.86/18135sa505_rev.pdf
April 1, 2010
20 SA 510 Initial Audit Engagements-Opening Balances
https://220.227.161.86/15390Link25_510text.pdf
April 1, 2010
21 SA 520 Analytical Procedures
https://220.227.161.86/18136sa520_rev.pdf
April 1, 2010
22 SA 530 Audit Sampling
https://220.227.161.86/15393Link28_530text.pdf
April 1, 2009
23 SA 540 Auditing Accounting Estimates, Including Fair Value
Accounting Estimates, and Related Disclosures
https://220.227.161.86/15395Link30_540text.pdf
April 1, 2009
24 SA 550 Related Parties
https://220.227.161.86/15397Link32_550text.pdf
April 1, 2010
25 SA 560 Subsequent Events
https://220.227.161.86/15399Link34_SA%20560_Standard_
OKOK.pdf
April 1, 2009
26 SA 570 Going Concern
https://220.227.161.86/15401Link36_SA570 -
final_standard.pdf
April 1, 2009
27 SA 580 Written Representations
https://220.227.161.86/15403Link38_sa580.pdf
April 1, 2009
28 SA 600 Using the Work of Another Auditor
https://220.227.161.86/18836sa600_aas.pdf
April 1, 2002
29 SA 610 Using the Work of Internal Auditors
https://220.227.161.86/16842sa610revised.pdf
April 1, 2010
30 SA 620 Using the Work of an Auditor’s Expert
https://220.227.161.86/18137sa620_rev.pdf
April1, 2010
31 SA 700 Forming an Opinion and Reporting on Financial Statements
https://220.227.161.86/17874sa700annx1.pdf
April 1, 2011
32 SA 705 Modifications to the Opinion in the Independent Auditor’s
Report https://220.227.161.86/17875sa705annex2.pdf
April 1, 2011
33 SA 706 Emphasis of Matter Paragraphs and Other Matter
Paragraphs in the Independent Auditor’s Report
https://220.227.161.86/17876sa706annex3.pdf
April 1, 2011
34 SA 710 Comparative Information – Corresponding Figures and
Comparative Financial Statements
https://220.227.161.86/18793annex1SA710.pdf
April 1, 2011
35 SA 720 The Auditor’s Responsibility in Relation to Other Information
in Documents Containing Audited Financial Statements
https://220.227.161.86/15578sa720ann.pdf
April 1, 2010
36 SA 800 Special Considerations-Audits of Financial Statements
Prepared in Accordance with Special Purpose Framework
https://220.227.161.86/18794annex2SA800.pdf
April 1, 2011
37 SA 805 Special Considerations-Audits of Single Purpose Financial
Statements and Specific Elements, Accounts or Items of a
Financial Statement
https://220.227.161.86/18795annexure3SA805.pdf
April 1, 2011
38 SA 810 Engagements to Report on Summary Financial Statements
https://220.227.161.86/18796annexure4SA810.pdf
April 1, 2011
39 SRE 2400 Engagements to Review Financial Statements
https://220.227.161.86/18727annex1200410.pdf
April 1, 2010
40 SRE 2410 Review of Interim Financial Information Performed by the
Independent Auditor of the Entity
https://220.227.161.86/18728annex2200410.pdf
April 1, 2010
41 SAE 3400 The Examination of Prospective Financial Information
https://220.227.161.86/15410Link45_3400SAE -AAS35.pdf
April 1, 2007
42 SRS 4400 Engagements to Perform Agreed Upon Procedures
Regarding Financial Information
https://220.227.161.86/15411Link46_4400SRS -AAS32.pdf
April 1, 2004
43 SRS 4410 Engagements to Compile Financial Info rmation
https://220.227.161.86/15412Link47_4410SRS -AAS31.pdf
April 1, 2004
*Effective date means that the SA is effective for audits of the financial statements for
periods beginning on or after the specified date.
III. Guidance Notes/Study Guide/Monograph
1. Guidance Note on Independence of Auditors.
2. Guidance Note on Audit Reports and Certificates for Special Purposes.
3. Guidance Note on Audit of Fixed Assets.
4. Guidance Note on Audit under Section 44AB of the Income -tax Act (2005 Edition).*
5. Guidance Note on Audit of Abridged Financial Statements.
6. Guidance Note on Audit of Inventories.
7. Guidance note on Audit of Debtors, Loans and Advances.
8. Guidance note on Audit of Investments.
9. Guidance note on Audit of Miscellaneous Expenditure.
10. Guidance Note on Audit of Cash and Bank Balances.
11. Guidance Note on Audit of Liabilities.
12. Guidance Note on Audit of Revenue.
13. Guidance Note on Audit of Expenses.
14. Guidance Note on Sections 227(3)(e) and (f) of the Companies Act, 1956.
15. Guidance Note on Certificate of Corporate Governance (2006 Edition)
16. Guidance Note on Computer Assisted Audit Techniques (CAATs).
17. Guidance Note on Audit of Payment of Dividend.
18. Guidance Note on Audit of Capital and Reserves.
19. Guidance Note on Provision for Proposed Dividend.
20. Guidance Note on Auditing of Accounts of Liquidators.
21. Guidance Note on Section 293A of the Companies Act and the Auditor.
22. Guidance Note on Audit of Consolidated Financial Statements.
* Guidance Note on Audit under section 44 AB of the Income -tax Act, 1961 (2005 edition)
along with the supplementary guidance note (excluding the portion relating to Fringe
Benefit Tax Provisions) published in September, 2006.
CA Ravi Sisodia
(CA,CS,CMA)
(32226 Points)
Replied 10 February 2011
AUDITING AND ASSURANCE
Paper 2: Group I: PCC
Paper 6: Group II: IPCC
I. Statements
1. Statement on Reporting under Sectio n 227 (1A) of the Companies Act, 1956
https://220.227.161.86/18799announ10264b.pdf
2. Statement on the Companies (Auditor’s Report) Order, 2003 (2005 Edition)
https://220.227.161.86/18798announ10264a.pdf
II. Standards on Auditing (SAs)
S.N
o
SA Title of Standard on Auditing Effective
Date
1 SA 200 Overall Objectives of the Independent Auditor and the
Conduct of an Audit in Accordance wit h Standards on Auditing
https://220.227.161.86/18132sa200_rev.pdf
April 1, 2010
2 SA 210 Agreeing the Terms of Audit Engagements
https://220.227.161.86/16837sa210revised.pdf
April 1, 2010
3 SA 220 Quality Control for an Audit of Financial Statements
https://220.227.161.86/18133sa220_rev.pdf
April 1, 2010
4 SA 230 Audit Documentation
https://220.227.161.86/15372Link7_SA230 -standard.pdf
April 1, 2009
5 SA 240 The Auditor’s responsibilities Relating to Fraud in an Audit of
Financial Statements
https://220.227.161.86/15374Link9_240SA_REVISED.pdf
April 1, 2009
6 SA 250 Consideration of Laws and Regulations in An Audit of
Financial Statements
https://220.227.161.86/15376Link11_SA250 -text.pdf
April 1, 2009
7 SA 260 Communication with Those Charged with Governance
https://220.227.161.86/15378Link13_SA%20260 -text.pdf
April 1, 2009
8 SA 265 Communicating Deficiencies in Internal Control to Those
Charged with Governance and Management
https://220.227.161.86/16838sa265.pdf
April 1, 2010
9 SA 299 Responsibility of Joint Auditors
https://220.227.161.86/15379Link14_299SA -AAS12.pdf
April 1, 1996
10 SA 300 Planning an Audit of Financial Statements
https://220.227.161.86/15381Link16_300SA_REVISED.pdf
April 1, 2008
11 SA 315 Identifying and Assessing the Risks of Material Misstatement
through Understanding the Entity and its Environment
https://220.227.161.86/15382Link17_315SA.pdf
April 1, 2008
12 SA 320 Materiality in Planning and Performing an Audit
https://220.227.161.86/16839sa320revised.pdf
April 1, 2010
13 SA 330 The Auditor’s Responses to Assessed Risks
https://220.227.161.86/15384Link19_330SA.pdf
April 1, 2008
14 SA 402 Audit Considerations Relating to an Entity Using a Service
Organization
https://220.227.161.86/16840sa402revised.pdf
April 1, 2010
15 SA 450 Evaluation of Misstatements Identified during the Audits
https://220.227.161.86/16841sa450revised.p df
April 1, 2010
16 SA 500 Audit Evidence
https://icai.org/resource_file/15576sa500revised.pdf
April 1, 2009
17 SA 501 Audit Evidence - Specific Considerations for Selected Items
https://220.227.161.86/18134sa501_rev.pdf
April 1, 2010
18 SA 505 External Confirmations
https://220.227.161.86/18135sa505_rev.pdf
April 1, 2010
19 SA 510 Initial Audit Engagements-Opening Balances April 1, 2010
https://220.227.161.86/15390Link25_510text.pdf
20 SA 520 Analytical Procedures
https://220.227.161.86/18136sa520_rev.pdf
April 1, 2010
21 SA 530 Audit Sampling
https://220.227.161.86/15393Link28_530text.pdf
April 1, 2009
22 SA 540 Auditing Accounting Estimates, In cluding Fair Value
Accounting Estimates, and Related Disclosures
https://220.227.161.86/15395Link30_540text.pdf
April 1, 2009
23 SA 550 Related Parties
https://220.227.161.86/15397Link32_550text.pdf
April 1, 2010
24 SA 560 Subsequent Events
https://220.227.161.86/15399Link34_SA%20560_Standard_OK
OK.pdf
April 1, 2009
25 SA 570 Going Concern
https://220.227.161.86/15401Link36_SA570 -final_standard.pdf
April 1, 2009
26 SA 580 Written Representations
https://220.227.161.86/15403Link38_sa580.pdf
April 1, 2009
27 SA 600 Using the Work of Another Auditor
https://220.227.161.86/18836sa600_aas.pdf
April 1, 2002
28 SA 610 Using the Work of Internal Auditors
https://220.227.161.86/16842sa610revised.pdf
April 1, 2010
29 SA 620 Using the Work of an Auditor’s Expert
https://220.227.161.86/18137sa620_rev.pdf
April1, 2010
30 SA 700 Forming an Opinion and Reporting on Financial Statements
https://220.227.161.86/17874sa700annx1.pdf
April 1, 2011
31 SA 705 Modifications to the Opinion in the Independent Auditor’s
Report https://220.227.161.86/17875sa705annex2.pdf
April 1, 2011
32 SA 706 Emphasis of Matter Paragraphs and Other Matter Paragraphs
in the Independent Auditor’s Report
https://220.227.161.86/17876sa706annex3.pdf
April 1, 2011
33 SA 710 Comparative Information – Corresponding Figures and
Comparative Financial Statements
https://220.227.161.86/18793annex1SA710.pdf
April 1, 2011
34 SA 720 The Auditor’s Responsibility in Relation to Other Information in
Documents Containing Audited Financial Statements
https://220.227.161.86/15578sa720ann.pdf
April 1, 2010
35 SRE 2400 Engagements to Review Financial Statements
https://220.227.161.86/18727annex1200410.pdf
April 1, 2010
36 SRE 2410 Review of Interim Financial Information Performed by the
Independent Auditor of the Entity
https://220.227.161.86/18728annex2200410.pdf
April 1, 2010
37 SAE 3400 The Examination of Prospective Financial Information
https://220.227.161.86/15410Link45_3400SAE -AAS35.pdf
April 1, 2007
38 SRS 4400 Engagements to Perform Agreed Upon Procedures Regarding
Financial Information
https://220.227.161.86/15411Link46_4400SRS -AAS32.pdf
April 1, 2004
39 SRS 4410 Engagements to Compile Financial Information
https://220.227.161.86/15412Link47_4410SRS -AAS31.pdf
April 1, 2004
*Effective date means that the SA is effective for audits of the financial statements for
periods beginning on or after the specified date
III. Guidance Notes/Study Guide/Monograph
1. Guidance Note on Audit of Fixed Assets.
2. Guidance Note on Audit of Inventories.
3. Guidance Note on Audit of Debtors, Loans and Advances.
4. Guidance Note on Audit of Investments.
5. Guidance Note on Audit of Miscellaneous Expenditure.
6. Guidance Note on Audit of Cash and Bank Balances.
7. Guidance Note on Audit of Liabilities.
8. Guidance Note on Audit of Revenue.
9. Guidance Note on Audit of Expenses.
10. Guidance Note on Provision for Proposed Dividend
CA Ravi Sisodia
(CA,CS,CMA)
(32226 Points)
Replied 10 February 2011
Paper - 2 : Business Laws, Ethics and Communication
IPCC
Name of Books
Institute’s Publication (i) Study material, December 2010 edition
(ii) Revision Test Papers
(iii) Practice manual
CA Ravi Sisodia
(CA,CS,CMA)
(32226 Points)
Replied 10 February 2011
Applicability of the Amendments for May, 2011 Examination
S.No. Subject Matter Business Laws, Ethics and Communication
1. The Employees’ Provident Funds &
Miscellaneous Provisions Act,
1952
The Employees’ Deposit Linked
Insurance -- Applicable
(Amendment)Scheme,2010
Increase in the Interest Rate on
the PF Amount to 9.5 %. -- Applicable
2. The Payment of Gratuity (Amendment)
Act, 2009 & The Payment of
Gratuity (Amendment)Act,2010
Amendment in the definition of
an employee. -- Applicable
Increase in the Gratuity amount
payable to the employees limits
upto 10 lacs. -- Applicable
3. Companies Bill, 2009 -- Not applicable
CA Ravi Sisodia
(CA,CS,CMA)
(32226 Points)
Replied 10 February 2011
Paper 5: Taxation
Professional Competence Examination
1. Study Material for IPCC Paper 4: Taxation (as amended by the Finance Act, 2010). The
relevant assessment year for Income -tax is A.Y. 2011-12. This study material has been
updated with the amendments made by the Finance Act, 2010 as well as the significant
amendments made by notifications/circulars/other legislations up to 30.4. 2010. This study
material is relevant for PCC students also, however, with the exception of the following
chapters in Part II: Service tax and VAT –
Chapter 4 on Gamut and Coverage of Taxable Services
Chapter 5 on Input Tax Credit and Composition Scheme for Small Dealers; and
Chapter 6 on VAT Procedures.
2. Supplementary Study Paper – 2010 for PCC/IPCC- This contains the amendments made by
the Finance Act, 2010 and important notifications/circulars issued between 1.5.2009 and
30.4.2010.
3. The significant amendments made by circulars/notifications issued between 1.5.2010 and
31.10.2010 would be hosted on the website of the Institute www.icai.org and would also be
given in the RTP for May, 2011 examination.
CA Ravi Sisodia
(CA,CS,CMA)
(32226 Points)
Replied 10 February 2011
Paper 4: Taxation
Integrated Professional Competence Examination
1. Study Material for IPCC Paper 4: Taxation (as amended by the Finance Act, 2010). The
relevant assessment year for Income -tax is A.Y. 2011-12. This study material contains the
amendments made by the Finance Act, 2010 as well as the significant amendments made by
notifications/circulars/other leg islations up to 30.4.2010.
2. Supplementary Study Paper - 2010 for PCC/IPCC - This contains the amendments made by
the Finance Act, 2010 and important notifications/ circulars issued between 1.5.2009 and
30.4.2010.
3. The significant amendments made by circulars/notifications issued between 1.5.2010 and
31.10.2010 would be hosted on the website of the Institute
given in the RTP for May, 2011 examination.
www.icai.org and would also be
Vishal
(CA Student)
(218 Points)
Replied 10 February 2011
Ravi Sir, I had converted from PE-II to IPCC in August, and at that time they gave Study material for all subjects. That is A.Y. 2010-11. Has Institute published new study material for A.Y. 2011-12 for IPCC? Will they give us, if we pay for it? or should be buy private author's book like T.N. Manohran, Vinod K. Singhania, etc
I always find it difficult to incorpate the amendments everytime to my self-Hand written Tax notes with the help of Supplementary issused by Institute. So a new book containing these would be better. Institute's material was too good.
Thanks for ur timely post on this topic which was running on everyone's mind appearing for May '11 exams.
CA Ravi Sisodia
(CA,CS,CMA)
(32226 Points)
Replied 10 February 2011
| Originally posted by : Vishal | ||
 |
Ravi Sir, I had converted from PE-II to IPCC in August, and at that time they gave Study material for all subjects. That is A.Y. 2010-11. Has Institute published new study material for A.Y. 2011-12 for IPCC? Will they give us, if we pay for it? or should be buy private author's book like T.N. Manohran, Vinod K. Singhania, etc I always find it difficult to incorpate the amendments everytime to my self-Hand written Tax notes with the help of Supplementary issused by Institute. So a new book containing these would be better. Institute's material was too good. Thanks for ur timely post on this topic which was running on everyone's mind appearing for May '11 exams. |
 |
for latest amendement you can refer supplementary test paper issued by icai, so you need not purchase new study material and reference books.
for taxation i recommend T.N.MANOHARAN Book.
i addition for that you should make your own short notes (only importent points & chapters). its gives benefit to you in exm time. you would be able to revise 3 to 4 time easily.
naveen kumar jain
(article)
(56 Points)
Replied 10 February 2011
can u tell me which AY will be applicable for may 11 pcc Exams ?
CA Ravi Sisodia
(CA,CS,CMA)
(32226 Points)
Replied 10 February 2011
| Originally posted by : naveen kumar jain | ||
|
|
can u tell me which AY will be applicable for may 11 pcc Exams ? |
|
elevant assessment year for Income -tax is A.Y. 2011-12. (Finance Act, 2010).
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