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8/6/2019 Notes for CA Final
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AAS 1
AAS 2
AAS 3 DOCUMENTATION
AAS 4
AAS 5AAS 6
AAS 7
AAS 8
AAS 9
AAS 10
AAS 11
AAS 12
AAS 13
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AAS 15AAS 16
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AAS 20
AAS 21
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AAS 24
AAS 25 COMPARATIVES
AAS 26
AAS 27
AAS 28
AAS 29
AAS 30
AAS 31
AAS 32
AAS 33 ENGAGEMENT TO REVIEW FINANCIAL STATEMENT
AAS 34 AUDIT EVIDENCE - ADDITIONAL CONSIDERATION FOR SPECIFIC ITEMS
BASIC PRINCIPLESGOVERNING AN AUDIT
OBJECTIVE AND SCOPEOF THE AUDIT OF FINANCIAL STATEMENTS
THE AUDITOR'S RESPONSIBILITY TO CONSIDER FRAUD AND ERROR IN AUDIT OFFINANCIAL STATEMENTS
AUDIT EVIDENCERISKASSESMENT AND INTERNAL CONTROLS
RELYING UPON THE WORK OF THEINTERNAL AUDITOR
AUDITPLANNING
USING THE WORK OF AN EXPERT
USING THE WORK OFANOTHER AUDITOR
REPRESENTATIONSBY MANAGEMENT
RESPONSIABLITY OF JOINT AUDITORS
AUDIT MATERIALITY
ANALYTICAL PROCEDURES
AUDIT SAMPLINGGOINGCONCERN
QUALITYCONTROL FOR AUDIT WORK
AUDIT OF ACCOUNTINGESTIMATES
SUBSEQUENTEVENTS
KNOWLEDGEOF THE BUSINESS
CONSIDERATION OF LAWSAND REGULATIONS IN AN AUDIT OF FINANCIALSTATEMENTS
INITIAL ENGAGEMENTS - OPENING BALANCE
RELATED PARTIES
AUDIT CONSIDERATIONS RELATING TO ENTITIES USING SERVICEORGANISATIONS
TERMS OF AUDIT ENGAGEMENT
COMMUNICATIONS OF AUDIT MATTERS WITH THOSE CHANGED WITHGOVERNANCE
THE AUDITOR'S REPORTON FINANCIAL STATEMENTS
INFORMATIONSYSTEMS ENVIRONMENT
EXTERNAL CONFIRMATIONS
ENGAGEMENTS TO COMPILEFINANCIAL INFORMATION
ENGAGEMENTS TO PERFOMAGREED UPON PROCEDURES REGARDING FINANCIAINFORMATION
8/6/2019 Notes for CA Final
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AS 1 DISCLOSURES OF ACCOUNTING POLICIES
AS 2
AS 3 CASH FLOW STATEMENT
AS 4
AS 5
AS 6 DEPRECIATION ACCOUNTING
AS 7 CONSTRUCTION CONTRACTS
AS 8 Omitted
AS 9 REVENUE RECOGNITION
AS 10
AS 11
AS 12
AS 13
AS 14
AS 15
AS 16 BORROWING COSTS
AS 17 SEGMENT REPORTING
AS 18
AS 19
AS 20 EARNINGS PER SHARE
AS 21 CONSOLIDATED FINANCIAL STATEMENTS
AS 22
AS 23
AS 24 DISCONTINUING OPERATIONS
AS 25 INTRIM FINANCIAL REPORTING
AS 26
AS 27
AS 28
AS 29
VALUATION OF INVENTORIES
CONTINGENCIES AND EVENTSOCCOURING AFTER BALANCE SHEET DATE
NET PROFIT OR LOSS FOR THE PERIOD, PRIOR PERIOD ITEMS AND CHANGE IN
ACCOUNTING POLICIES
ACCOUNTING FOR FIXED ASSETS
EFFECTS OF CHANGES IN FOREIGN EXCHANGE RATES
ACCOUNTING FOR GOVERNMENT GRANTS
ACCOUNTING FOR INVESTMENTS
ACCOUNTING FOR AMALGAMATIONS
ACCOUNTING FOR RETIREMENT BENEFITSIN THE FINANCIAL STATEMENTS OFEMPLOYERS
RELATED PARTY DISCLOSURER
ACCOUNTING FORLEASES
ACCOUNTING FOR TAXESON INCOME
ACCOUNTING FOR INVESTMENTS IN ASSOCIATESIN CONSOLIDATED FINANCIALSTATEMENTS
INTANGIBLE ASSETS
FINANCIAL REPORTING OFINTREST IN JOINT VENTURE
IMPAIRMENT OF ASSETS
PROVISIONS,CONTINGENTLIABLITIES AND CONTINGENTASSETS
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SCHEDULE II -- PART - I
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If he discloses any information in relation to client, to person other than client,without the consent OF client or otherwise than as required by law
If he certifies or submits in his name a report OF an examination OF financial
statements unless such examination has been made by + him or his partner orhis employee under his supervision or another ca in practice (joint audior)
if he permits his name or the name OF his firm to be used in connection with theestimate OF earning contingent upon future transactions+ in a manner whichmay lead to belief that he vouches for the accuracy OF forcast.
if he expresses his opinion on financial statements OF any enterpirse in whichhe, his firm or a partner in his firm, has a substantial interest + unless he
discloses the interest in his report.
if he fails to disclose material fact known to him which is not disclosed in thefinancial statements + where disclosure of such fact is necessary to make thefinancial statements not misleading.
if he fails to report a material misstatement appering in a financial statement +and of which he has knowledge.
if he is grossly negligent in the conduct of his professional duties.
if he fails to obtain sufficient information to warrant the expression of an opinion
+ or his exceptions are sufficient material to negate the expression of an opinion.
if he fails to invite attention to any material departure + from generally acceptedaudit procedures applicable to the circumstances.
if he fails to keep moneys of his client in a separate banking account + or touse such moneys for intended purpose or as per instructions of client.
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SERVICE TASEC HEADING
65 Defination ST-1
65A Calassification of taxable services ST-2
66 Charge of service tax ST-3
67 value of taxable service ST-3A
68 payment of service tax ST-4
69 Registration ST-570 Return ST-6
73 Recovery of Service Tax ST-7
74 Rectification of mistake
75 Interest on delay(13%) Rules
76 Failure to pay S.T.
77 General Penalty 3
78 Supressing value of Taxable service 4
82 Search 5
84 Revision
85 Appeal to Commissioner(Appeal) %86 Appeal to Tribunal
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Rules Description 25
4 Registration 30
4A Invoice by Service Tax Distributor 40
4B Issue of Consignment note 40
5 Maintenance of Record 50
6 Payment of Service tax 60
7 Returns 60
7A Return by goods transport operators 678 Form of appeal to commissioner appeal 67
9 Form to appeal to app tribunal 90
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XFORMS
Application for Registration
Certificate of Registration
Return
Memoranda return
Appeal to Comm(Appeal)
Appeal to Tribunal
App to Tribunal by commissioner by dept.
EXPORT OF S.T. RULES 2005
Export of taxable service
Export without payment of S.T.
Rebate of S.T.
NAME OF SERVICE
Custom house agent in case of turkney proj.
goods transport agency
pandal or shamiyana cont.
convention service with catering
mandap keeper with hotel & catering
outdoor caterer also provide food
Rent a cab schme operator
Tour operator
ConstructionErection, commissioning,installation
Tour opeartor only booking accomodation
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Rule-3
Rule-4
Rule-5Rule-6
Rule-7
Rule-8
Rule-9
Rule-10
Rule-11
Rule-12
Rule-15Rule-16
Rule-16A
Rule-16B
Rule-16C
Rule-17
Rule-18
Rule-19
Rule-20
Rule-21
Rule-22
Rule-23
Rule-24
Rule-25
Rule-26
Rule-27Rule-28
Rule-29
Rule-30
Rule-31
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Central Excise Act-1944
Appointment & Jurisdiction
Duty payable on removal
Date of determination of duty & tariff ValuationAssessment of Duty
Provisional Assessment
Manner of Payment
Registration (Read with Sec-6)
Daily stock Account
Goods to be removed on Invoice
Filing of return
Special procedure for payment of duty(Compounded Levy Scheme)Credit of duty on goods brought to factory
Removal of goods for Job Work
Removal of goods for Semi finished goods
Removal of goods Finished Gooods
Removal of goods by 100% EOU to DTA
Rebate of Duty
Export without Payment of duty
Warehousing
Remission of Duty
Access to Registered primises
Power to Stop & Search
Power to Detain & Search
Confiscation & Penalty
Penalty for Certain Offences
General PenaltyConfiscated property to vest in CG
Disposal of confiscated goods
Storage Charges in respect of goods confiscated & redeemed
Power to issue Supplementry instructions
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GroupDirectors
Constitution of BOD
252 Minimum No. of Directors
254 Subscribers to memorandum deemed to be directors
255 Appointment of directors and proportion of those who are to retire by rotation
256 Ascertainment of directors retiring by rotation and filing of vacancies
257 Right of persons other than retiring directors to stand for directorship
258 Right of co. to increase or reduce the no. of directors
259 Increase in no. of directors to require CG sanction260 Additional directors
262 Filling of casual vacancies among directors
263 Appointment of directors to be voted on individually
264 Consent of director to be filed with co. & ROC
265 Option to co. to adopt proportional representation for the app. of directors
270 Time within share qualification is to be obtained and max. amount there of
274 Disqualification of Directors
Restrictions on No. of Directorships
275 No person to be a director of more than 15 Co.
276 Choice to be made by director of more than 15 co. at commencement of act277 Choice to be made by director of more than 15 co. after commencement of act
278 Exclusion of certain directorships for the purpose of sec 275,276 & 277
283 Vacation of office by directors
284 Removal of directors
Meetings of Board
285 Board to meet at lease once in every 3 calendar months
286 Notice of meetings
287 Quorum for meetings
288 Procedure when meeting adjourned for want of quorum
289 Passing of resolutions by circulation
290 Valadity of acts of directors
Board's powers and restrictions thereon
291 General poers of board
292 Certain poers to be excercised by board only at meeting
292A Audit committee
293 Restriction on power of board
Political Contributions
293A Prohibitions and restrictions regarding political contributions
293B Power of board and other persons to make contributions to NDF,etcAppointment of Sole Selling Agents
294 Appointment of SSA to require approval of co. in GM
294A Prohibition of payment of compensation to SSA for loss of office in certain cases
294AA Power of CG to prohibit the appointment of SSA in certain cases
Loans to directors, procedure when director interested
295 Loans to directors etc
296 Application of sec 295 to book debts in certain cases
297 Board's sanction to be reqd. for certain contracts in which directors are interested
299 Disclosure of interests by directors
300 Interested director not to participate or vote in Board's proceedingsRemuneration of directors
309 Remuneration of directors
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313 Appointment and term of office of alternate directors
314 Directors etc not to hold office or place of profit
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Section
Sec-57Sec-58
Sec-59
Sec-60
Sec-61
Sec-62
Sec-63
Sec-64
Sec-65
Sec-66
Sec-67
Sec-68
Sec-69
Sec-70
Sec-71
Sec-72
Sec-73
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WAREHOUSING
ALB-PPC-POMP-RCC-AGGC
Description
Appointing of Public WarehouseLicencing of Private Warehouse
Warehousing Bond
Permission For Deposit of Goods in a Warehouse
Period For Which Goods May Remain Warehoused
Control Over Warehoused Goods
Payment of Rent And Warehouse Charges
Owner's Right to Deal With Warehoused Goods
Manufacture And Other Operations In Relation to Goods in a Warehouse
Powerto Exempt Imported Material Used In Manufacture of Goods in Warehouse
Removal of Goods From One Warehouse to Another
Clearance of Warehoused Goods ForHome Consumption
Clearance of Warehoused Goods ForExportation
Allowance In Case of Volatile Goods
Goods Not to be Taken Out of Warehouse Except as Provided by This Act
Goods Improperly Removed From Warehouse, etc
Cancellation and Return of Warehousing Bond
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SEC
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HEADING
Dutiable Goods
Duty on Pilfered Goods
Valuation of Goods
Date of determination of Rate of duty & Tarriff valuation of Imported goodsDate of determination of Rate of duty & Tarriff valuation of Export goods
Assessment of duty
Provisional assessment
Determination of duty where goods consist of articles liable to diff rate of duty
Reimportation of goods
Goods derelict, wreck etc.
Abatement of duty on damaged or deteriorated goods
Remission of duty on lost, destroyed or abandoned goods
Power to make rules for denaturing or mutilated of goods
PROVISIONS RELATING TO CONVEYANCE
Arrival of vessels and aircrafts in India
Delivery of import manifest or import report
Imported goods not to be unloaded from vessel until entry inwards granted
Imported goods not to be unloaded unless mentioned in import manifest or import r
unloading and loading of goods at approved places only.
Goods not to be unloaded or loaded except under supervision of customs officer
Restrictions on goods being waterborneRestrictions on unloading and loading of goods on holidays etc.
Power to board conveyance
Power to requie production of documents and ask questions
Export goods not to be loaded on vessel until entry outwards granted.
Export goods not to be loaded unless duly passed by proper officer.
Delivery of export manifest or export report
No conveyance to leave without written order
PROVISIONS RELATING TO CLEARANCE OF GOODS