Misstatement in previous year financials

asked 15 hrs ago

What the current auditor should do if he/she finds a misstatement in closing balance of previous year financials? What will be the impact in current year financials?

latest answer

No answers yet!!

Nivedha Balaji

CA Inter

★ 9K+

0

20

Professional Ethics Doubt

answered 1 day ago

Can a Chartered accountant holding COP practice CS simultaneously as per clause 7, Part 1 of schedule 1

latest answer

Ok. Thank you mam

Varshini Pandiarajan

CA Final

★ 30

3

33

Amendments in Standards on Auditing

answered 2 days ago

I have notes of Standards on Auditing of May 2020. Can i use the same now for May 2023? Or are there any amends Standards after that? Please help. I'm CA Inter preparing for may 2023.

latest answer

You can download updated notes from free resources section of our app

Rahul Chandramouli

CA Inter

★ 600

1

45

Company Audit

answered on 25-Mar-23

Please complete this sentence in that case study attached below

latest answer

Expressing his opinion on Financial Statements of that Company

Ashfaq Ahmed

CA Inter

★ 5K+

1

45

Tolerable rate of deviation

answered on 24-Mar-23

Dose it mean that, tolerable rate of deviation is expected to be less than the actual rate of deviation?

latest answer

Okay thanks

Ashfaq Ahmed

CA Inter

★ 5K+

2

48

Paper weightage

answered on 22-Mar-23

Nov22 mai Ch 3 mai se kitne marks k questions the?

latest answer

Will check and get it updated/

CA Inter

CA Inter

★ 290

3

78

Negative confirmation

answered on 20-Mar-23

Can anyone please explain me these two points

latest answer

Thank you mam

Umayal Lakshmanan

CA Inter

★ 5K+

5

61

Company Audit

answered on 17-Mar-23

Does applicability of audit committee provision of companies act 2013 applicable for private limited company ?

latest answer

no its for listed and public companies

Prethivi Rajan

CA Inter

★ 8K+

2

58

audit report

answered on 15-Mar-23

is there a separate audit format for the company under liquidation?

latest answer

Rule 96 of Comapnies (winding up) Rules 2020 states "Audit certificate is to be filed"

GOKULA LAKSHMI

CA Final

★ 20K+

1

56

SA 700

answered on 10-Mar-23

Any one please explain the qualitative aspects of accounting practices in simple words ?

latest answer

Auditor has to check if the financial statements are made as per appropriate financial reporting framework - this check should include qualitative aspects like management's selection of accounting practices or management's biases towards estimates and approximations.

Siva Balan

CA Inter

★ 2K+

1

46