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Auditor
Auditing
answered on 29-Sep-23 18:59
An auditor holds COP but he is not practising, can he join as an employee? Can an auditor hold COP, can he both practise as well as work as a part time employee or full time employee?
latest answer
Suppose any small business person approach the auditor who usually don't maintain accounts..based on the raw data given by them auditor prepares the accounts and sign on the same ..for the purpose of getting loan from a bank or any other such purpose
Swetha S
CA Inter
★ 340
11
89
Audit Sampling
Auditing
answered on 27-Sep-23 20:38
Audit Sampling Definition - Is it an application of Audit procedure or performing an Audit procedure? Is there any difference between the two?
latest answer
Audit sampling is a technique adopted by the auditor. It is applying audit procedure on less that 100% of the population. Applying and performing means the same.
Rajasekaran Suresh
CA Inter
★ 420
3
41
items of financial statements
Auditing
answered on 25-Sep-23 10:27
can the audit procedures , we write in exams vary from what is given in icai book?? will I get marks ?
latest answer
thank u
Reetikaa R
CA Inter
★ 7K+
2
46
Audit
Auditing
answered on 18-Sep-23 09:02
Can we say, 'Investigation precedes the process of Auditing'?
latest answer
Investigation and audit are two different concepts. however, during audit, with information coming into light, investigation gets triggered. First audit and then investigation. However, if through any others means there is information available, investigation can be taken up.
Nidhi S
CA Foundation
★ 3K+
1
61
Audit
Auditing
answered on 18-Sep-23 09:09
What is the difference between Auditing and Secretarial Practice?
latest answer
Secretarial audit is to check compliance with provisions of company law, rules and regulation made thereunder. company secretary in practice conducts this audit. Company secretary can take up two roles- one who is employed by the company for looking into legal matters (company related) and one with a COP, who is Company Secretary in practice - who is appointed for conducting Secretarial audit ( mandatory for certain companies) if the question is difference between company audit and Secretarial audit: Audit of FS is Company Audit (Statutory audit)- conducted by CA in practice Audit to give assurance on compliance of legal and regulatory obligation- Secretarial audit- conducted by CS in practice
Nidhi S
CA Foundation
★ 3K+
2
54
new syllabus
Auditing
answered on 13-Sep-23 10:49
In auditing some SA are mentioned that not in new syllabus is it not learn for ca inter audit may 24
latest answer
Pls refer to the attached file
Vignesh .Y
CA Inter
★ 440
4
107
A/c of Co
Auditing
answered on 18-Sep-23 23:56
Modern Furniture Limited a listed entity has internal financial controls in place, during the financial year a failure in control system has been reported; controls were reinstated soon after such incident. Whether directors in Director’s Responsibility Statement can state that controls are adequate and operating efficiently? Answer Adequacy refers to the design of the control/system and signify whether the control/system that is in place, is fit for purpose or not. Operating effectively refers to whether the control/system in place has the desired effect of mitigating the risk or not. Here, adequacy and operating effectively together shall be read as adequate, operating effectively and applicable throughout also. Therefore, directors of Modern Furniture Limited in Director’s Responsibility Statement can’t state that controls are adequate and operating efficiently. My query = If the Co have reinstated i.e corrected then why it can’t state adequate ?
latest answer
Thank you
Sushmita Chowdhury
CA Inter
★ 10
4
78
Statutory Requirements for Change in Reporting Period
Auditing
answered on 09-Sep-23 12:15
Is there any Sec/AS/Ind AS deals with disclosure requirements about Change in FY/Reporting Period... Just mention... Ex. Company previously follows 1/Apl to 31/03 as FY but now they want to change FY as 01/May to 30/Apl
latest answer
Yes, these disclosures need to be provided as per Schedule III of the Companies Act, 2013
Mahantesh Biradar
CA Final
★ 90K+
1
46
Company audit
Auditing
answered on 12-Sep-23 07:26
Below procedure are applicable for whom? a) First auditor or subsequent auditor b) Govt co.or non govt co Explain
latest answer
Pls note Committee will not appoint.
Krishnan K
CA Inter
★ 5K+
4
79
Notes coverage
Auditing
answered on 06-Sep-23 11:41
Sir/Madam, In free resources only Standard on Auditing topics are available for CA final (Old). Where to get notes for other chapters like Professional ethics, Company audit, Audit of entities etc ?
latest answer
Not available currently
S Mohammed Stalin
CA Final
★ 0
2
85
