CA Final November 2026 Important Amendments & RTP Solutions

Preparing for the CA Final examination requires a clear understanding of amendments across different subjects. Students need to identify changes in provisions, understand their application, and revise important concepts before the examination. Audit amendments are particularly relevant for understanding updates in reporting requirements, professional ethics, and NBFC audit provisions.

The CA Final November 2026 Important Amendments cover key updates related to CARO 2020, Professional Ethics, and NBFC Audit. These topics include the revised definition of a small company, audit limits for partners, registration exemptions for certain NBFCs, capital requirements, risk-weighted assets, and provisions for standard assets.

The accompanying revision material presents these changes through tables, formulas, explanations, and illustrations. It helps students review the listed amendments and understand the related provisions.

CA Final November 2026 Amendments Highlights

The material covers three chapters of CA Final Audit. Each chapter focuses on specific changes that students need to understand during revision.

1. Chapter 7.2 CARO 2020

The material covers the amendment to the small company limit under Section 2(85) of the Companies Act, 2013.

A small company, other than a public company, must meet both of the following conditions:

• Paid-up share capital must not exceed ₹10 crore.

• Turnover must not exceed ₹100 crore in the immediately preceding financial year.

The definition also excludes Section 8 companies, holding or subsidiary companies, and companies governed by a special Act.

2. Chapter 19 Professional Ethics

The amendment explains the limit of 60 audits per partner. The calculation applies to both corporate and non-corporate assessees.

For example, a firm with four partners has a total limit of 240 audits. However, the audit limit cannot be distributed or shared between partners. A single partner can sign a maximum of 60 audits.

This distinction is important when understanding the total audit capacity of a firm and the individual signing limit of each partner.

3. Chapter 14.1 NBFC Audit

The NBFC Audit chapter covers registration exemptions, capital requirements, risk-weighted assets, standard asset provisions, and restructuring-related provisions.

Registration exemptions for certain NBFCs

The material presents a three-tier registration model for certain non-deposit-taking NBFCs.

Existing NBFCs, including those holding a Certificate of Registration as Type I NBFCs, can apply for deregistration by 31 December 2026, as stated in the material.

Capital requirements

The chapter explains the capital requirements for different NBFC layers. These include Tier I capital, combined Tier I and Tier II capital, Common Equity Tier 1 (CET1) capital, and the leverage ratio.

Key requirements include:

• Gold jewellery lending NBFCs must maintain Tier I capital of at least 12% and combined Tier I and Tier II capital of at least 15% of aggregate risk-weighted assets.

• NBFCs in the Middle Layer and above must maintain Tier I capital of at least 10% and combined Tier I and Tier II capital of at least 15% of aggregate risk-weighted assets.

• NBFCs in the Upper Layer must maintain CET1 capital of at least 9% of aggregate risk-weighted assets.

• NBFCs in the Top Layer must meet Upper Layer requirements and any higher capital charge communicated by the RBI.

• NBFCs in the Base Layer must maintain a leverage ratio not exceeding 7.

Tier II capital cannot exceed 100% of Tier I capital. The material also explains the discounting of subordinated debt based on its remaining maturity, subject to a maximum inclusion limit of 50% of Tier I capital.

Risk-weighted assets

The chapter covers risk weights for loans to high-quality infrastructure projects. The applicable risk weight depends on the repayment conditions specified in the material. It also explains how additional sanctioned debt is included in the total sanctioned project debt.

Transitional relief is available when the earlier rules prescribe a lower risk weight. The change can be implemented by the earlier of the next loan review or renewal and 31 March 2027.

Provision for standard assets

The material explains the meaning of standard assets and the applicable provision rates for different categories of NBFC assets.

Restructured advances follow RBI directions. The material also explains the treatment of Default Loss Guarantee cover in Expected Credit Loss calculations and additional provisions for restructuring. An additional provision of 5% of outstanding debt is required for each restructuring, subject to a cap of 100%. The additional provision can be written back once the borrower repays at least 20% without slipping back into NPA.

CA Final November 2026 Important Amendments PDF Download

The PDF contains chapter-wise amendment notes for CA Final Audit. It covers CARO 2020, Professional Ethics, and NBFC Audit, with tables explaining registration categories, capital requirements, risk weights, and standard asset provisions.

Students can use the CA Final Nov 2026 Amendments material to revise the listed provisions. The tables and numerical illustrations help explain the application of specific rules. The notes also include formulas for CRAR, Tier I capital ratio, and CET1 capital ratio.

The document focuses on amendments and explanations. It does not contain detailed, question-by-question solutions for the complete CA Final Revision Test Paper November 2026. Students looking for CA Final November 2026 RTP Solutions should distinguish these amendment notes from a complete solved paper.

Benefits of the CA Final November 2026 Amendment Notes

The CA Final Important Amendments November 2026 notes help students revise several important areas of Audit in one document.

• Chapter-wise revision: The material separates amendments into CARO 2020, Professional Ethics, and NBFC Audit.

• Clear numerical provisions: Tables present limits, capital ratios, risk weights, and provision rates.

• Illustrations: The standard asset provision example demonstrates how to calculate the total provision for different asset categories.

• Formula revision: Students can review the formulas for CRAR, Tier I capital ratio, and CET1 capital ratio.

• Coverage of specific changes: The notes include the small company limits, partner-wise audit restrictions, NBFC registration exemptions, and restructuring provisions.

For CA Final RTP November 2026 preparation, students can use the relevant notes to revise the amendments covered in the document. The CA Final RTP Solutions 2026 phrase should not be taken to mean that the PDF provides complete answers to every RTP question.

These notes support CA Final Exam Amendments 2026 revision by bringing the listed changes and related numerical details together. They can form part of CA Final Nov 2026 Exam Preparation, particularly when revising the covered Audit chapters.

PW CA Resources

• CA Final Auditing Notes

• CA Final Audit MCQ

• CA Final Auditing Important Topics And Weightage