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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

CA Final

★ 0

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

CMA Inter

★ 0

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

CA Final

★ 8K+

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.

Satha Sivam

CA Inter

★ 6K+

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

CA Final

★ 8K+

116

Materiality , Risk Assessment and INTERNAL CONTROL

Auditing

answered on 22-Feb-24 20:34

Sir, how is this answer possible?

latest answer

controls are actually designed for prevention of frauds and error. However, if you read inherent limitation of internal controls, you will see Abuse of power as one of the limitation. If controls are operational, but top management is abusing its power, Controls cannot identify these matters.

Swathi Krishna

CA Final

★ 8K+

Audit report

Auditing

answered on 22-Feb-24 20:31

Will auditor's opinion is modified in respect to Key Audit Matters?.

latest answer

Meaning of KAM section is when auditor believes in providing additional understanding to the users. No separate opinion on these matters. opinion will be only one. Read about SA 701, what KAM does not substitute, you will get more clarify

Kurva Mahender

CA Foundation

★ 5K+

Stage 1 ;suitability of SAP

Auditing

answered on 20-Feb-24 22:49

balance sheet items can be compared with entities which operate in same industry right? with their asserts like fixed asserts,debtors stock etc..and we can compare year on year closing balances of the same entity to find unsual increase or decrease right?

latest answer

you can check two years closing balances for AP

Satha Sivam

CA Inter

★ 6K+

Risk Assessment and Internal Control

Auditing

answered on 22-Feb-24 10:05

could you please explain the risk at Financial statement level and assertion level in simpler terms with an example?

latest answer

Financial statement level means a misstatement that has pervasive effect on the overall financial statements. For eg: inappropriate assumption of going concern. this will make the overall financial statements wrong. accounting policies chosen are inappropriate. this will have impact on many assertions together. Assertion level is where a misstatement is affecting only a particular transaction or account balance. On Purchases, if controls are not good, there is a risk that purchases could be misstated.