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Clause (i) - sub clause (C)
Auditing
answered on 16-Feb-25 16:14
Hello ma'am, I had a doubt on description of property mentioned in table, does it means types of immovable property like lands , buildings
latest answer
Thank you ma'am
Nagachaitanya Nomula
CA Inter
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56
Professional ethics
Auditing
answered on 02-Feb-25 23:17
Hi ma'am A concurrent auditor of the bank 'x' cannot be appointed as statutory auditor of bank 'y' which is sponsored by "x", What is meant by sponsored here,
latest answer
These are banks which are promoted or financed by other public financial institututions. They provide both , financial and operational support. RRBs are sponsored by public sector banks. Like SBI, Punjab National National bank are sponsored bank for many RRBs like Andhra Gramin Bank, HP Gramin banks etc.
R Yashwanth Kumar
CA Final
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1
74
sa299
Auditing
answered on 30-Jan-25 22:31
In the said quasition The common unerstanding amoung three auditors to separate their work must have communicated to tcwg. in case if it was not communicate our will under go change?
latest answer
I haven’t understood the question. There is some typo error . Can u ask again?
LAKSHMI NARAYANA perakam
CA Final
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1
58
What is the difference between point number 4 and 2?
Auditing
answered on 30-Jan-25 22:28
What is the difference between point number 4 and 2? Please ignore the previous query
latest answer
One is based on selection, other is application. Selecting suitable technology is a broader decision As to which technology to be picked up. Range of Automated Solutions- explores how automation can be applied within the audit process to improve efficiency. Example for selection- which software, platform, tool Range- for data extraction, fraud detection etc.
Manu Jacob
CA Final
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72
What is the difference between point number 4 and 1?
Auditing
answered on 30-Jan-25 18:50
What is the difference between point number 4 and 1?
latest answer
?
Manu Jacob
CA Final
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1
60
If there is a crop of duration 11 months, then can it remain over due for 22 months?
Auditing
answered on 29-Jan-25 17:59
If there is a crop of duration 11 months, then can it remain over due for 22 months?
latest answer
Yes . For 2 crop seasons. Calculate with the time period it takes. 11 months is short duration; so 2 crop seasons it has to be overdue. Then NPA
Manu Jacob
CA Final
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1
60
If the security guaranteed by government has not paid interest for more than 90 days is it still a performing asset?
Auditing
answered on 29-Jan-25 18:00
If the security guaranteed by government has not paid interest for more than 90 days is it still a performing asset?
latest answer
Yes by central government only. Not state government .
Manu Jacob
CA Final
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55
Auditor's report
Auditing
answered on 27-Jan-25 17:29
Lets say , reporting year is from Apr - Mar. I understand that if he resigns after 45 days of the quarter he has to issue the report for such quarter as well as next quarter. If report is issues for all 3 quarter, he has to issue for full year And Auditor has resigned on 12th of feb. Does he have to issue report for full year if he has issued previous 3 quarter report even though he is resigning within 45 days of last quarter?
latest answer
Can you tell me where this discussion has been done? I am not able to relate to the question
Jaya
CA Final
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1
74
SA 299
Auditing
answered on 27-Jan-25 17:33
CAN THE ENGAGEMENT LETTER CAN DEFINE THE SCOPE OF EACH JOINT AUDITO
latest answer
Yes. Engagement letter can define the scope of each joint auditor
LAKSHMI NARAYANA perakam
CA Final
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1
82
SA 265 JOINTN AUDIT OF FINANCIAL STATEMENTS
Auditing
answered on 27-Jan-25 17:33
WILL THE ENGAGEMENT LETTER CAN DEFINE SCIOE OF EACH AUDITOR?
latest answer
Yes
LAKSHMI NARAYANA perakam
CA Final
★ 0
1
79
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