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ICAP – Revised IASs not to be examined in upcoming examinations

The Institute of Chartered Accountants of Pakistan (ICAP) has announced that the IASs revised in December 2003 would not be examined in Summer 2004 and Autumn 2004 examination sessions.

As the revised IASs are applicable to the financial statements for the periods beginning on or after 1 Jan 2005, they would be examinable from Winter 2004 examination session and onwards.

ICAP firther announced that in view of the change in publishing rights of IAS Handbook, paragraph 9.1.6 of the Syllabus booklet is under review and a suitable amendment would be issued shortly.

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