In a recent notification in June, ICAI announced that they were making a few changes to the CA Final New Syllabus. These changes are applicable for the CA Final November 2019 exams. (If you want a general overview of the syllabus.)
The changes are of two types:
- Exclusions of topics from the scope of the Syllabi
- Inclusions of topics from the scope of the Syllabi
The table below shows the exclusions of the topics from the scope of the Syllabi:
Paper |
Exclusions |
Paper 1: Financial Reporting | Topics excluded:
Note that The Guidance Note on accounting for expenditure on Corporate Social Responsibility activities falling within the scope of topic 13 of Syllabus Contents continues to be applicable |
Paper 2: Strategic Financial Management | Topics excluded:
|
Paper 3: Advanced Auditing and Professional Ethics | Chapter 14: Special Audit Assignment topic has been excluded
The following engagement and Quality Control Standards have been excluded:
The Following Guidance Notes and other publications are excluded:
|
Paper 4: Corporate and Economics Laws | Provisions/sections excluded from/retained in certain topics of the syllabus through Study Guidelines
|
Paper 6A: Risk Management | Quantitative Analysis |
Paper 6B: Financial Services and Capital Markets | Banking Management |
Paper 6D: Economic Laws | World Trade Organization (WTO) |
Paper 8: Indirect Tax Laws | The following topics have been excluded from the syllabus of Part II: Customs and FTP:
(Note that these exclusions for this paper are applicable for the CA Final (Old Syllabus) also) |
This table below shows the inclusions of the topics from the scope of the Syllabi:
Paper |
Inclusion |
Paper 4: Corporate and Economic Laws | Under the Legislation: The Foreign Exchange Management Act, 1999, the following topics are added:
|
Paper 6A: Risk Management | Evaluation of Risk Management Strategies |
Paper 6B: Financial Services and Capital Markets | Leasing and Factoring |
Now, our esteemed faculty CA Chinmaya Hegde has made an analysis of the changes to the syllabus for the following papers:
His analysis can be found on our Youtube channel. We will be posting more video analysis of the paper changes along with other important information. So, we invite you to subscribe to the channel for notifications about these updates.
If you want more information about these changes and notifications, have a look at the announcement made by ICAI in detail.