Forums
PMLA
Auditing
answered on 09-Nov-25 16:29
mam, i still wonder what would be the purpose of such declaration, where money laundering still happens even after such declaration. its like swearing to god that i will not eat sugar upfront and at the backend, consuming icecreams. is there cases available illustrating such scenario? [Video Time Stamp: 08:06]
latest answer
Even though companies or individuals give such declarations to comply on paper, money laundering and benami ownership can still occur through indirect or proxy mechanisms. So yes — such declarations reduce risk but don’t eliminate misuse. However, they help to Create legal accountability — false declaration = punishable Enable auditors to question inconsistencies if the declared ownership doesn’t match the financial evidence. Auditor cannot rely solely on management’s declaration. Needs to perform substantive procedures — e.g., tracing funds, verifying beneficial ownership via documentation, related-party checks, and share transfer patterns.
Vinod Kumar
CA Inter
★ 11K+
1
116
significant events that cast doubt on entity's ability of GC
Auditing
answered on 09-Nov-25 16:31
significant events that cast "doubt" on entity's ability of GC.....doubt in whose POV ? auditor management or users [Video Time Stamp: 03:36]
latest answer
First , management. Then in course of doing audit, also auditor if he comes across any indication
Gayathri
CMA Inter
★ 0
1
127
if management has not assessed GC
Auditing
answered on 09-Nov-25 16:33
if management has not assessed GC , then how can they know the events effecting GC as they have not assessed in first place ? [Video Time Stamp: 07:06]
latest answer
If they have not assessed , they are wrong in preparing financial statements on going concern basis . So it’s the duty of the auditor to check if they have assessed, n if not assessed need to question on what basis they prepared financial statements. If no satisfactory answer, there cold definitely be modification to his report
Gayathri
CMA Inter
★ 0
1
137
SA 700 QUESTION-1
Auditing
answered on 09-Nov-25 16:36
Ma'am , if that's the case , should I write only the going concern part, or do I need to draft the entire audit report like in real life?
latest answer
No you need to answer only the specific paragraph from the audit report.
Priya Dharshini
CA Inter
★ 720
1
116
DT
Direct Taxation
answered on 17-Nov-25 17:51
Whether there any changes for Jan 2026 attempt. Has study material changed? Is there any major changes in amendments after writing sep 2025 attempt?
latest answer
No it is the same.
Ashwini Ashu
CA Final
★ 10K+
1
137
AFM
answered on 06-Nov-25 09:18
Where can i get the pdf which is used to explain topics in the revision video sir ? [Video Time Stamp: 34:04]
latest answer
Shared from *1FIN by Indigolearn* AFM https://1fin.link/resource/e558d2bbafb64478bb9ca83548fd9cbe
Akshaya Vk
CA Final
★ 1K+
1
126
Forged transfer of shares
Corporate & Other Laws
answered on 07-Nov-25 14:24
Please explain the last para about compensating genuine buyer
latest answer
The question does not state whether the purchase was made in good faith and hence there are no rights which Mr.Abhi has. Also a forged transfer is a nullity, so even an innocent purchaser in good faith gets no legal ownership.
Ritu Kotian
CA Inter
★ 19K+
3
183
Shares issuable based on profit contingency
Financial Reporting
answered on 06-Nov-25 11:00
Sir, for the 4th quarter ending there still uncertainty regarding the profit as books are not yet closed. So we didn't considered 9 lakh shares for Basic EPS. Why didn't we consider 9 lakh shares for Basic EPS even when calculating for full year ? Isn't the condition satisfied yet ? [Video Time Stamp: 29:05]
latest answer
for basic EPS, the shares would be issued on last day - the impact is negligble.
Sai Eswar Kolli
CA Final
★ 30K+
1
139
interpretation
Costing
answered on 12-Nov-25 17:07
Sir we identify that in the above qn in interpretation, less than 300 cases A is better etc how we should identify that?
latest answer
When we switch from A to B, we save 100 on variable cost but also incur 30,000 on fixed cost. Say we have 200 cases. If we go for B - we save 200 x 100 20,000 on variable cost but incur 30,000 on fixed cost. So it is better to continue with A. So generally a rule you can remember - If no of units are more than indifference point, go for higher fixed cost.
21SCO08 mahalakshmi
CA Inter
★ 1K+
1
143
Ca foundation
Exams
answered on 06-Nov-25 11:10
My sister cleared foundation exams in sept 2025. When is her eligibility for inter exams?
latest answer
Sep 2026.
Pooja .
CA Final
★ 210
1
152