ICAI Changes CA Final syllabus for upcoming sessions; Check important modifications here

NEW DELHI, JUNE 27- The Institute of Chartered Accountants of India (ICAI) hss announced some modifications in CA Final syllabus which will be in force from November 2019 session and onwards. The notification was released on June 24 (specifically modifying the new course) followed by another notification on June 26 (exclusions for both old and new courses).

Click here to check June 24 notification

Click here to check June 26 notification

Highlights of Modifications CA Final syllabus

Only New course

Exclusions(applicable from November 2019 onwards)

Paper 1: 7 topics excluded including Application of Accounting Standards and Value Added Statement

Paper 2: Three topics excluded

Paper 3: Special Audit Assignment,some Engagement and Quality Control Standards excluded, and a few Guidance Notes and other publications excluded

Paper 4: Specific provisions of legislations excluded

Paper 6A: Topic of Quantitative Analysis excluded

Paper 6B: Banking Management is excluded

Paper 6D: Topic of World Trade Organization (WTO) excluded

Paper 8: Few topics from the syllabus of Part II of Customs & FTP excluded

Inclusions (applicable from May 2020 onwards)

Paper 4: Three topics added to The Foreign Exchange Management Act, 1999

Paper 6A: Topic of Evaluation of Risk Management Strategies added

Paper 6B: Topic of Leasing and Factoring added.

Both Old and New Course

Exclusions are made only for syllabi of Part II: Customs & FTP of Paper 8: Indirect Tax Laws. the ICAI notification reflects the topic excluded and the corresponding chapters,etc in the study material in order to avoid any confusion.