What is prospective investor

answered on 08-Apr-24 10:53

Prospective Investor means? In view if the auditing and investment

latest answer

Thank you Pradnya Mam..😊🙏🏻

GOKUL KOLATE

CA Inter

★ 440

2

53

FS

answered on 05-Apr-24 15:42

What's the answer of this question

latest answer

Ok mam thank you

Ramya Telikicherla

CA Inter

★ 6K+

4

54

Clause 4 of Part 1 of Schedule 2

answered on 04-Apr-24 12:15

Are the concept of substantial interest of the CA only related to companies or related to other constitutions like sole proprietor, firm, HUF... also ? If it is related to other constitution also, then a CA who is having substantial interest should not sign in those FS, certificates... The think that I'm having is correct ?

latest answer

Sole proprietor there is no question, firm he can have n HUF he can be a member. But audit cannot be conducted. Threat to independence exists

Sathiyanarayanan P

CA Final

★ 6K+

1

47

SA 240 - general Doubt

answered on 02-Apr-24 17:02

What is Financial statements level and assertion level ?

latest answer

FS- misstatement that affects the complete FS. has pervasive effect. like going concern assumption being inappropriate in preparing FS. Assertion level: only particular assertion like valuation, existence etc. is affected

M V Naresh

CA Final

★ 3K+

1

75

Sa 402 and sae 3402

answered on 02-Apr-24 17:05

Hey... I was going through sa 402 and SAE 3402...didn't understood what is meant by ontrol objectives. Can anyone explain?

latest answer

Control objective is in simple language "Risk" for which controls are designed and implemented. Eg: for unauthorized access to be mitigated. Control objective is to prevent unauthorized access. Control will be to provide user id an password. Controls are designed to meet control objectives.

nazriya nasar

CA Final

★ 7K+

1

51

audit of borrowings

answered on 04-Apr-24 08:03

Bonds/debentures (along with the rate of interest and particulars of redemption or conversion, as the case may be) shall be stated in descending order of maturity or conversion, starting from farthest redemption or conversion date, as the case may be. Where bonds/debentures are redeemable by instalments, the date of maturity for this purpose must be reckoned as the date on which the first instalment becomes due. could you please give me an example for this?

latest answer

thank you so much mam

Roobashree Rajagopal

CA Inter

★ 0

2

54

Cause 11 of Part 1 of First schedule

answered on 02-Apr-24 17:17

Part time or full time tutorship under any educational institution other than the coaching organization of the institution Which means giving tutorship in pvt academy which belongs to CA course... Am I right ? Part time are full time lectureship for courses other than those relating to the institute's examinations conducted under the auspices of the institute of the regional Council or their branches. Which means giving lectureship for courses other than CA na ?

latest answer

yes

Sathiyanarayanan P

CA Final

★ 6K+

1

38

Clause 10, Part 1, First Schedule

answered on 25-Mar-24 21:42

Why can't this be treated as fund raising services?

latest answer

Fund raising is basically towards capital increase activity. This is loan. Capital injection from investors will be fund raising. This is purely credit facility (loan) which cant be termed as fund raising.

Ranjith Shettigar

CA Final

★ 1K+

1

54

SA 210

answered on 25-Mar-24 21:37

Can Management prepare and give engagement letter to the Auditor ? Or it is only responsible for the auditor to prepare engagement letter

latest answer

SAs are the responsibilities of auditor. Even if management prepares, responsibility is only of the auditor Management gives appointment letter, and auditor EL

Janani R

CA Inter

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3

61

Dispatch and Invoicing

answered on 21-Mar-24 10:33

i couldn't understand this concept of Shipping and invoicing and which period the sale belongs to..

latest answer

Depends upon companies policy. So we need to understand the policy of the company to decide the appropriate cut off.

Satha Sivam

CA Inter

★ 6K+

1

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