List of Institute's Publications: The following List of Institute's Publications is relevant for May/Nov,2012 Exams.

UPDATES & AMMENDMENTS FOR 2012 MAY/NOVEMBER EXAMINATIONS

List of Institute's Publications: The following List of Institute's Publications is relevant for May/Nov,2012 Exams. Students may kindly take it into consideration while preparing for the examination. TAXATION

Applicability of taxable services for May 2012 and November 2012 examinations:- PCC-Professional Competence Examination It is clarified that in Part –II : Service tax and VAT of Paper 5 : Taxation, students will not be tested on specific questions covering individual taxable services. IPCC Integrated Professional Competence Examination It is clarified that in Part –II : Service tax and VAT of Paper 4 : Taxation, students will be examined only in respect of the following taxable services: 1. Practising Chartered Accountant's services 2. Mandap keeper's services 3. Commercial training or coaching services 4. Information technology software services 5. Consulting engineer's services 6. Business exhibition services 7. Scientific and technical consultancy services 8. Technical testing and analysis services AUDITING LIST OF APPLICABLE STANDARDS: I. Statements 1. Statement on Reporting under Section 227 (1A) of the Companies Act, 1956 http://220.227.161.86/18799announ10264b.pdf 2. Statement on the Companies (Auditor’s Report) Ord er, 2003 (2005 Edition) http://220.227.161.86/18798announ10264a.pdf II. Standards on Auditing (SAs) 1. Basic Principles Governing an Audit (SA 200) http://220.227.161.86/17614Link_2_200SA-AAS01.pdf 2. Objectives and Scope of the Audit of Financial Statements (SA 200A) http://220.227.161.86/17615Link_3_200A_SA_ -AAS2.pdf 3. Agreeing the Terms of Audit Engagements (SA 210) (Revised) http://220.227.161.86/16837sa210revised.pdf 4. Quality Control for Audit Work (SA 220) – http://220.227.161.86/17616Link_5_220SA-AAS17.pdf 5. Audit Documentation (SA 230) (Revised) – http://220.227.161.86/15372Link7_SA230 -standard.pdf 6. The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements (SA 240) (Revised) http://220.227.161.86/15374Link9_240SA_REVISED.pdf 7. Consideration of Laws and Regulations in an Audit of Fin ancial Statements (SA 250) (Revised) http://220.227.161.86/15376Link11_SA250 -text.pdf 8. Communication with Those Charged with Governance (SA 260) (Revised) http://220.227.161.86/15378Link13_SA 260 -text.pdf 9. Communicating Deficiencies in Internal Control to Those Charged With Governance and Management (SA 265) http://220.227.161.86/16838sa265.pdf 10. Responsibility of Joint Auditors (SA 299) http://220.227.161.86/15379Link14_299SA-AAS12.pdf 11. Planning an Audit of Financial Statements (SA 300) (Revised) http://220.227.161.86/15381Link16_300SA_REVISED.pdf 12. Identifying and Assessing the Risk of Material Misstatement through Understanding the Entity and its Environment (SA 315) http://220.227.161.86/15382Link17_315SA.pdf 13. Materiality in Planning and Performing an Audit (SA 320) (Revised) http://220.227.161.86/16839sa320revised.pdf 14. The Auditor’s Responses to Assessed Risks (SA 330) http://220.227.161.86/15384Link19_330SA.pdf 15. Audit Considerations Relating to an Entity Using Service a Organisations (SA 402) (Revised) http://220.227.161.86/16840sa402revised.pdf 16. Evaluation of Misstatements identified During the Audit (SA 450) http://220.227.161.86/16841sa450revised.pdf 17. Audit Evidence (SA 500) (Revised) http://icai.org/resource_file/15576sa500revised.pdf 18. Audit Evidence – Additional Considerations for Specific items (SA 501) http://220.227.161.86/17625Link_22_501SA-AAS34.pdf 19. External Confirmations (SA 505) http://220.227.161.86/17626Link_23_505SA-AAS30.pdf 20. Initial Audit Engagements – Opening Balances (SA 510) (Revised) http://220.227.161.86/15390Link25_510text.pdf 21. Analytical Procedures (SA 520) http://220.227.161.86/17627Link_26_520SA-AAS14.pdf 22. Audit Sampling (SA 530) (Revised) http://220.227.161.86/15393Link28_530text.pdf 23. Auditing Accounting Estimates, Including Fair Val ue Accounting Estimates and Related Disclosures (SA 540) (Revised) http://220.227.161.86/15395Link30_540text.pdf 24. Related Parties (SA 550) (Revised) http://220.227.161.86/15397Link32_550text.pdf 25. Subsequent Events (SA 560) (Revised) http://220.227.161.86/15399Link34_SA 560_Standard_OKOK.pdf 26. Going Concern (SA 570) (Revised) http://220.227.161.86/15401Link36_SA570 -final_standard.pdf 27. Written Representations (SA 580) (Revised) http://220.227.161.86/15403Link38_sa580.pdf 28. Using the Work of another Auditor (SA 600) http://220.227.161.86/18836sa600_aas.pdf 29. Using the Work of Internal Auditor (SA 610) (Revised) http://220.227.161.86/16842sa610revised.pdf 30. Using the Work of an Expert (SA 620) http://220.227.161.86/17634Link_41_620SA-AAS9.pdf 31. The Auditor’s Report on Financial Statements (SA 700) http://220.227.161.86/17635Link_42_700SA-AAS28.pdf 32. Comparatives (SA 710) http://220.227.161.86/17636Link_43_710SA-AAS25.pdf 33. The Auditor’s Responsibility in Relation to Other Information in Documents Containing Audited Financial Statements (SA 720) http://220.227.161.86/15578sa720ann.pdf 34. Engagements to Compile Financial Information (SRS 4410) http://220.227.161.86/15412Link47_4410SRS -AAS31.pdf 35. Engagements to Perform Agreed - upon Procedures Regardi ng Financial Information (SRS 4400) http://220.227.161.86/15411Link46_4400SRS -AAS32.pdf 36. Engagements to Review Financial Statements (SRE 2400) 37. The Examination of Prospective Fina ncial Information (SAE 3400) http://220.227.161.86/15410Link45_3400SAE -AAS35.pdf III.Guidance Notes on Auditing Aspects : 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 ** Guidance notes may be downloaded from below mentioned link : http://icai.org/post.html?post_id=6192