Forums
Audit risk
Auditing
answered on 05-Nov-24 13:53
If ROMM ⬆️ leads to detection risk ⬇️ = Audit risk⬇️ If Romm⬇️ leads to Detection Riks ⬆️ = Audit risk⬇️ I understand first case but I'm not able to get the logic of second one
latest answer
If ROMM is less, then we can perform less substantive procedures. Meaning auditor wil keep less sample size, less procedures. So he might not be able to detect material misstatement. So detection risk is high. N overall audit risk goes down
07- Issac Jolly-XII C
CA Inter
★ 16K+
1
477
Financial calculator
CFA
answered on 05-Nov-24 10:49
I am unable to compute IRR on the BA II Plus calci. It shows error. Can you please explain step-by-step of calculating IRR
latest answer
There is a full video on calculator in first chapter - did you have a look at it?
Varshini Rao
CA Final
★ 1K+
1
494
Questions are different from new studymaterial
Accountancy
answered on 06-Nov-24 20:48
Illustrations are different from new material . These questions are old questions that are in old studymaterial which is removed by icai from the new book
latest answer
Okay sir thank you
Priya Nair
CA Inter
★ 220
4
224
Ind AS2
Financial Reporting
answered on 07-Nov-24 14:49
How will we provide for this..charging off toP&L??
latest answer
Thankyou sir.
R M
ACCA Professional
★ 4K+
2
400
AI
CFA
answered on 04-Nov-24 15:48
Few terminology I can't understand 1 Digital ledger technology 2 block chain and is it part of DLT 3 security token 4. I'm aware of direct and co investing but what is fund investing pls explain
latest answer
Futures & Spot prices converge - there is daily MTM of profits Forward & spot prices do not converge - there is a profit element at the end
Dhakshana Dhakshana
CFA L2
★ 18K+
3
530
Articleship Terminated. Can it be resumed?
Others
answered on 04-Nov-24 19:59
Respected Advisor, My expected articleship completed date is 25/04/2025. Date registered for articleship is 26/04/2022. I am in a situation to take a good job offer and I have decided to take it. My questions are the following, 1. Am I eligible to take the final examinations later if I terminate my articleship this month end? 2. In case I want to resume the course in the future, can this 2.5 yrs of articleship completed taken in to count, i.e will i be required to complete only the balance period of 0.5 yrs or should I redo the whole 3 articleship again inorder to complete course? 3. What would be the status of a candidate who has completed 2.5 yrs articleship and terminated also a CA FINAL PASSED? How does it hinder my CA qualification/certification/memebership? Please kindly Answer the above, as this would guide me to take the right decision. Hoping for your response from you mentors.
latest answer
Yeah
lithish kumar
CA Final
★ 3K+
3
447
T/F statements
Auditing
answered on 04-Nov-24 17:54
Are true or false statements asked in examination ?
latest answer
It’s not mandatory. Descriptive could include such questions. You won’t have separate section for true or false
Nasikesh royal
CA Inter
★ 635
3
435
May 2025
Direct Taxation
answered on 04-Nov-24 17:57
Is finance act 2023 applicable for may 2025 exams?
latest answer
Yes it is. In 2-3 topics we are updating amendments of Finance Act 2024. It will be done by end of this month. Majority of them are already updated. You can go ahead.
M. GOKUL
CA Inter
★ 0
4
825
FVTOCI with and without recycling
Financial Reporting
answered on 04-Nov-24 07:58
What does this mean. I was not aware of the terms. I saw it in the question paper discussion video.
latest answer
Without transferring to PL
Ali S
CA Final
★ 8K+
1
500
Vessel
Indirect Taxation
answered on 12-Jul-25 09:55
Which vessels points in removed?
latest answer
thank you for your wishes sir
Saniya Balekai
CA Inter
★ 285
9
484