Forums
Respected Sir/Madam
Auditing
answered on 15-Jul-20 12:38
Can you please explain me SA 315 Testing of internal controls as specified in page no 4.31 of institute study material.
latest answer
Please see the video in the auditing course on SA 315. Which part have you not understood? The auditor has to have knowledge of entity and its environment which includes entity's internal control system to assess the audit risk (which inlcudes control risk). If auditor can rely on internal controls then control risk is low. So to ensure the effectiveness of internal controls, auditor performs test of controls. It is at two levels - first to check the effectiveness of its design (procedural) and then the second level involves implementation of such controls designed (in depth examination)
Harsha Vardhan
CA Inter
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2
819
Respected Sir/Madam
Auditing
answered on 15-Jul-20 12:47
Explain me the concept of sample design??because when I read my institute study material I can't understand it so kindly explain me sir/madam
latest answer
Sampling means the selection and verification of a portion of accounting entries and records out of total similar data. It provides reasonable basis to the Auditor to conclude about the population. If, there is a satisfactory internal control system a lesser degree of reliability of sample result may be acceptable. However nature, size and materiality of transactions are the basis, which are kept by the Auditor in his mind for his own judgements for selecting a sample of entries to be checked. Normally, accounts having material impact and entries involving large amounts are checked thoroughly and balance entries are checked on at random basis. With respective to sample design Objective - reduce sampling risk to an acceptably low level & enable the Auditor to form an opinion about the genuinity of financial statements. Important points to consider -purpose of the audit procedures & characteristics of the population from the which the sample will be drawn. Method of selection - Random (select items for the sample in such a way that each sampling unit in the population has a chance of selection._
Harsha Vardhan
CA Inter
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2
1K+
Ca
Accountancy
answered on 08-Jul-26 14:45
According packge
latest answer
please type the full question
shoban babu valasa
CA Foundation
★ 0
1
734
Quaries
Others
answered on 13-Jul-20 21:44
Sir in my website my id was deactivated in laptop sir but I extend my course sir
latest answer
pls email support@indigolearn.com
iswarya k
CA Foundation
★ 6K+
1
741
Ledger
Accountancy
answered on 17-Jul-20 16:15
Mam where is the impact of 4th statement
latest answer
Value of raw material consumed for those units which are sold during the year
Prasanth Kumar
CA Inter
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6
634
Accountancy
Accountancy
answered on 14-Jul-20 17:28
How to calculate debentures in this 2 problems
latest answer
In the second sum you don't have to calculate debentures separately
saranya dhamotharan
CBSE XII
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3
697
Chance of changes
Others
answered on 13-Jul-20 19:42
Whether it is possible to change the mail id in which I have enrolled my courses for CA inter The number which I already use doesn't exist now Is it possible to transfer those enrolled courses to my new email id
latest answer
please email support@indigolearn.com
Sri Lakshmi
CA Inter
★ 570
4
653
Videos
Others
answered on 13-Jul-20 13:19
Sir until what month one should complete watching all the videos of CA inter?
latest answer
Since you are writing in Nov, you should finish by End Sep or max early October and then start revision
Prateek Khandelwal
CA Inter
★ 0
1
678
Journal
Accountancy
answered on 13-Jul-20 20:36
I didn't understand this sum
latest answer
Thank you mam
Prasanth Kumar
CA Inter
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5
681
Non access of videos
Others
answered on 13-Jul-20 11:21
Sir, None of my videos are playing. I am frequently facing this problem eventhough I have a good internet connection. I am just losing my valuable time .Please take it into consideration.
latest answer
Ok sir, Thank you
Swetha S
CA Inter
★ 15K+
2
701