Forums
Difference in Opinion/ Firms Policy
Auditing
answered on 22-Nov-25 10:08
Mam, i wonder what solution could be provided by the firm's quality control policy for conflicts among the opinion between teams and experts and reviewers. Does there clause for obeying orders in hierarchical manner? [Video Time Stamp: 04:54]
latest answer
Quality control policies decides the course of action. For example- in case they are not able to resolve among themselves, they can take external expertise or advice
Vinod Kumar
CA Inter
★ 11K+
1
118
Money Market Hedge
AFM
answered on 21-Nov-25 20:00
Sir, whether this logic applies here " If the premium is greater than the interest differential, then borrow domestic currency Else borrow foreign currency". Because Forward premia % = (F-S)/S = (USD1.5455/GBP-USD1.5617/GBP)/USD1.5617= -1.037%, Interest differential = (7%*6/12)-(6%*6/12)= 0.5%. whether this calculation correct, sir? [Video Time Stamp: 07:25]
latest answer
Logic is correct -and so is working for first part. Second part interest rates are always multiplied and divided and not added or subtracted . Also since quote is USD per GBP in second working should be ( 1+6% x 6/12)/(1+7% x 6/12) -1
Murali Thripuraboina
CA Final
★ 3K+
1
109
Que 7 Business Valuation
AFM
answered on 21-Nov-25 19:55
Here why they are not deducting the interest amount we are given the cost of debt ... we can find the amount of debt by applying the debt equity ratio on capital expenditure if i am not wrong
latest answer
Deduct Interest amount where? FCFF formula does not require us to deduct interest expense
Gauri Shete
CA Final
★ 5K+
1
87
K , l , M question
Accountancy
answered on 21-Nov-25 17:41
revaluation account here why are we not posting the value of good will?
latest answer
Goodwill is not adjusted through revaluation
Pranav Anand
CA Inter
★ 0
1
106
Audit report as per standards on auditing
Auditing
answered on 22-Nov-25 10:11
Mam if company does not require disclosure from SA going concern . Then, also shall we can mention compiled and presented as per the standards on auditing . since there is less than 13 elements, [Video Time Stamp: 04:16]
latest answer
Yes. Going concern, KAM, eom and OM , are all sections to be introduced only if auditors has information to give. Nog mandatory. However, listen entities, KAM is compulsory
21SCO08 mahalakshmi
CA Inter
★ 1K+
1
97
Ca final grp 1
Exams
answered on 21-Nov-25 15:26
For grp 1 subjects.. is it enough we finish the classes and read your study material or shld we also refer institute study material sir
latest answer
Yes. More than sufficient.
SHRUTHI CHINNI
CA Final
★ 140
1
124
PUblic issue
AFM
answered on 21-Nov-25 19:52
sir why don't we increased the post issued shares 6.944 crores in public issue [Video Time Stamp: 23:15]
latest answer
Because it is either or. Either public issue or rights issue. 6.944 is rights issue share count. that cannot be added to public offer share count
Pavan Naidu ca
CA Final
★ 90
1
114
Nov 2020 RTP
Auditing
answered on 21-Nov-25 12:51
Ma'am as you said engagement letter is given by the auditor to the client but here in this question it's given MEA limited issued engagement letter...so which one will be considered correct? [Video Time Stamp: 00:02]
latest answer
Auditor only issues. The sentence framework is wrong. It’s always auditor
Mutchukota Akhila
CA Inter
★ 4K+
1
94
Timing option-ill 30
AFM
answered on 21-Nov-25 10:36
Sir, usually we calculate u by dividing move up price by current price, but in this question why have you taken PV of savings instead of initial investment value. In earlier sums also we have divided by initial investment amount.
latest answer
In these kind of timing option questions that is the method ICAI is suggesting Even though I disagree with the method u have to follow the method for marks
Pradeepa Narayanan
CA Final
★ 5K+
1
97
Corresponding impact to be given on bargain purchase
Financial Reporting
answered on 21-Nov-25 15:29
Timestamp 6:07 if initial recognition of g/w result in DTA, then DTA to be recognized and corresponding impact to be given on bargain purchase. Can you elaborate on how the impact to be given on bargain purchase? [Video Time Stamp: 06:07]
latest answer
Giving credit to Bargain Purchase means crediting it to Capital Reserve. You will understand Creation of Bargain Purchase under Ind As 103.
rashid poonthala
CA Final
★ 31K+
1
100