SDG & ESG (New sm question)

answered on 28-Mar-25 17:57

Ma'am The answer given for the below question in the sm is Principle 1. But why this does not come under principle 4? 9. SU Limited is amongst the top 1000 listed entities. With the introduction of new reporting requirements by SEBI on ESG parameters called the Business Responsibility and Sustainability Report (BRSR), it requires SU Limited to make disclosures on their performance against the various principles of the "National Guidelines on Responsible Business Conduct". One of the principles emphasizes that the business decisions in an organization should be open to disclosure and accessible to the relevant interested parties. Elucidate the essence of core elements associated with the aforesaid principle.

latest answer

No problem. Let me know If you need any further clarification

Akella Deepthi Sivani

CA Final

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2

80

CARO Applicability

answered on 28-Mar-25 17:59

1. The small company (pvt ltd) having borrowings> 1cr . Will CARO apply? 2. The non- small company where PUSC+R&S<1cr and borrowings< 1cr. Will CARO apply?

latest answer

To small companies CARO will not apply. Non small company but it should be a private company only. Then check with limits of PUC, reserves and surplus, total income and borrowing. Check with para 1 of CARO , you wil get clear understanding .

DIVYA S

CA Final

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56

SA 510

answered on 19-Mar-25 19:14

Hi Madam, What is the meaning of TCWG?

latest answer

Those Charged With Governance

Venkat L

CA Inter

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67

SA 505

answered on 18-Mar-25 22:52

Hi Madam, please tell the meaning of assertion

latest answer

In simple words, management claims is considered as assertion. For example, in balance sheet , they show Building at Rs. 10 cr. Meaning , here management is claiming , there is a Building, they own the building, valuation is 10cr etc. some are expressly told and others are presumed by auditor considered as implied. So basically, these we validate by performing audit procedure . So audit is to validate assertions made by management.

Venkat L

CA Inter

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Audit of LLP

answered on 18-Mar-25 22:52

Eg. whether LLP whose turnover of 50 lakhs & contribution of 22 lakhs required to get its account audited under LLP RULES ?

latest answer

Any one limit has to be fulfilled

kowselyaa G

CA Inter

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2

55

Change in Terms of Engagement

answered on 17-Mar-25 07:41

When Engagement Letter is drafted and agreed by Mgmt and Auditor for the first time does it has Legal binding? If so what happens if the Auditor never agrees for a change even requested by the Mgmt?

latest answer

It’s a legally bound contract. Auditor will not agree only if it’s something beyond his professional duties. He has the right to withdraw the engagement in these cases. This scenario is discussed with examples in SA 210

Kowshik S

CA Inter

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1

42

Risk Assessment and internal control

answered on 17-Mar-25 08:05

Anyone pls clarify this..Answer is given as Option B

latest answer

Ok mam..Thank you mam!🙏🏻

Sr the Unique

CA Inter

★ 10

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63

New Engagement letter

answered on 17-Mar-25 07:43

If the Engagement Letter states that the appointment is for one year, but after the completion of that period, the client decides to continue with the same auditor, should a new engagement letter be prepared, or can the existing one be continued?

latest answer

Engagement letter usually doesn’t specify such things. If it does, if can be revised.

Reshma AR Chiranjeevi

CA Inter

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SA 505

answered on 14-Mar-25 21:13

please tell me the meaning of positive confirmation request and negative confirmation request?

latest answer

I have explained in the previous query both. Please go through the SA 505 video also, to get clarity with examples.

Venkat L

CA Inter

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68

SA 505

answered on 14-Mar-25 21:11

Madam please tell me the meaning of positive confirmation request?

latest answer

There are two types of confirmation requests we can send to the 3rd party. Positive and Negative confirmation In positive confirmation- the third party has to reply whether they agrees or disagree. Negative - only when they disagree they will be replying. But this is risky, so it’s suitable only those areas where ROMM is less, or least exception rate is expected .

Venkat L

CA Inter

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