Notice to the Students (June 2016, Examination)

Course Coverage for June 2016 Examination

Students are hereby notified to consider, for their exams, the amendments in the Standards, Acts, Rules, Directives, Circulars and any other Notifications that are in force up till 3 months prior to the date of the final examinations.

More specifically the following amendments should be considered by the students.

Topic	Coverage
Accounting Standards	Nepal Accounting Standards 1. For all the companies except mentioned below. Nepal Financial Reporting Standards 2. Listed Multinational Manufacturing companies; 3. All Listed State Owned Enterprises; and 4. Commercial Banks, including State Owned Commercial Banks.
International Financial Reporting Standards	All IFRS, IAS, IFRIC, SIC and Framework.
Nepal Standard on Auditing Nepal Standard on Related Services Nepal Standard on Quality Control Nepal Auditing Practice Statement Guidance Notes	Standards under Mandatory Compliance NSA 200 to 299 : General Principles & Responsibilities NSA 300 to 499 : Risk Assessment & Response to Assessed Risk NSA 500 to 599 : Audit Evidence NSA 600 to 699 : Using work of Others NSA 700 to 799 : Audit Conclusions & Reporting NSA 800 to 899 : Specialized Areas Standards under Voluntary Compliance NSAs 220, 315, 330, 520, & 701. NSRE’s 2400, 4400 & 4410. NSQC 1 NAPs 1001 GN 201 & 202 However, students may also refer to NSAs that was published during July 2015, which is based on ISA 2012 edition, which is so far applicable on voluntary basis till Srawan 1, 2073
International Standards on Auditing	All the ISAs and ISQC.
Code of Ethics	IFAC Code of Ethics 2014 and ICAN Code of Ethics 2015 edition
Income Tax Act 2058, Rules 2059 Custom Act 2064 & Rules 2064 Value Added Tax Act 2052 & Rules 2053 Excise Act 2058 & Rules 2059	Amendments made by Finance Bill 2072.
Corporate Laws	Amendments in all the related laws