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Quality control

Auditing

answered on 03-Mar-24 18:18

Ma'am, why in this question the change in the audit team is inappropriate ?

latest answer

Yes

Swathi Krishna

Swathi Krishna

CA Final

8K+

3

52

General query

Auditing

answered on 02-Mar-24 12:45

Ma'am, As the wording says " doesn't follow any provision of CA Act " does it mean that even the CA is guilty under sec 22 sch 1 any part of CA Act then automatically he will be guilty under sch 2.!

latest answer

Yes, this clause if applicable to call Chartered Accountants . (whether in practice or general) Provisions, regulations and rules are specifically mentioned. Discussion regarding all the sections in the start of the chapter, example, who can be member, provisions of branch office etc. For Schedule, respective clauses explain the criteria.

Hrishikesh Pradhan

Hrishikesh Pradhan

CA Final

2K+

1

47

SA 810 summary financial statements

Auditing

answered on 02-Mar-24 13:30

can any one clarify In Management Responsibility, 3rd Point is it Audit report of Summary Financials or audit report on complete set of financials to be included with summary financial statements

latest answer

Thank you ma'am

M V Naresh

M V Naresh

CA Final

3K+

3

51

Difference between

Auditing

answered on 01-Mar-24 11:15

I would like to know the difference between Investigation and Examination of Financial Statements

latest answer

Investigation refers to the systematic process of gathering information, evidence. Examination entails a careful and detailed analysis of a particular subject.

Harish Chandar T

Harish Chandar T

CA Inter

0

1

46

Syllabus

Auditing

answered on 29-Feb-24 06:27

Do wee need to again Study CA inter Audit or CA final Audit Study material is sufficient?

latest answer

Only final

Kumar G

Kumar G

CA Final

12K+

1

65

Video was pausing

Auditing

answered on 27-Feb-24 11:46

Video was pausing for every 10 min.

latest answer

If videos are not playing try the steps below 1. Close all the apps 2.Android: Settings -> Applications -> 1FIN-> Storage -> Click on 'Clear Storage' and 'Clear Cache' 3. Restart device 4. Open 1FIN app and play the video If this also does not work please try the below troubleshooting steps, it usually works. Also, note that the downloaded videos if any will get deleted in the process. 1. Uninstall the app 2. Restart phone (Important step, clears a lot of issues) 3. Install app Also, check if there are any OS updates available. If this does not work, then please do the following 3 steps and share screenshots and videos with us by a reply email to the ID - support@indigolearn.com 1. visit speedtest.in and take a screenshot of your internet speed and share it with us 2. visit whatsmyip.com and take a screenshot of your IP and send it to us 3. take another phone and make a video recording (<20 MB) of the error you are facing on your phone/laptop and share the video recording with us Once you share the above 3 we shall connect you with our Tech Team Thanks Team IL

Agnigundala Durga Nikitha

Agnigundala Durga Nikitha

CA Final

0

1

65

Statutory audit

Auditing

answered on 26-Feb-24 20:32

Statutory Auditor is appointed by the Shareholders in the (a) General Meeting (c) EGM (b) Statutory Meeting (d) Board Meeting

latest answer

Thanks for clarification.

Devisree

Devisree

CMA Inter

0

4

67

Reporting

Auditing

answered on 25-Feb-24 08:09

Ma'am, if there is event that indicate material uncertainty that cast significant doubt on the entity's ability to continue as going concern, then how do we determine that whether that event is pervasive ?

latest answer

Event cant be pervasive. Pervasive is a term used for a misstatement. Any event which affects going concern, that means the assumption used for preparation of FS is wrong. that will impact overall financial statements. It will have pervasive impact

Swathi Krishna

Swathi Krishna

CA Final

8K+

1

46

Toleratable misstatement

Auditing

answered on 24-Feb-24 16:15

Can someone explain me how Tolerable mistatement is linked with performance materiality?

latest answer

Material misstatement is there but it is tolerable i.e Acceptable. Tolerable misstatement always below the performance materiality. Suppose Auditor set performance materiality bench mark as 500 Lakh. Let say 450 Lakh is tolerable.

CA sathasivam

CA sathasivam

CA Inter

6K+

2

63

Internal control

Auditing

answered on 26-Feb-24 20:22

Ma'am, how do we answer questions like this ?

latest answer

Read question again

Swathi Krishna

Swathi Krishna

CA Final

8K+

6

101

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