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Explaination
Auditing
answered on 21-Oct-24 20:01
Explanation of the box required
latest answer
ISA are international standards on auditing. So jurisdiction refers to the place of applicability. It could also suggest that the audit report is designed to meet the requirements of multiple stakeholders, including those in both national and international jurisdictions. If client in global, part of audit is conducted as per ISA, so the place where it has been applied is what is referred to here
07- Issac Jolly-XII C
CA Inter
★ 16K+
1
632
Explain
Auditing
answered on 21-Oct-24 19:48
Explanation pleasemmm............
latest answer
Management is responsible for preparation and presentation of financial statements. We hav two Financial reporting framework. One is fair presentation framework and other is compalince. In case where fair presentation is applicable, auditor’s opinion will use the words true and fair or present fairly. In compliance framework, opinion will have the works , financial statements are prepared in compliance with applicable FRF. Company schedule III- fair presentation framework Banking, insurance companies- will have compliance framework. Refer SA 700 for detailed discussion on framework
07- Issac Jolly-XII C
CA Inter
★ 16K+
3
583
Compound interest
Maths & Stats
answered on 20-Oct-24 07:38
How to calculate that power 20 sir in easy way using calculator
latest answer
Power 20 - there is no easy way yuu have to multiply a number with itself once and then press = 19 times
Bindhupriya S Bindhupriya S
CA Foundation
★ 2K+
1
344
Portfolio management
CFA
answered on 19-Oct-24 18:23
Sir pls explain what is strategic asset allocation
latest answer
Strategic asset allocation
Dhakshana Dhakshana
CFA L2
★ 18K+
1
601
Exclusions of Cost of PPE
Financial Reporting
answered on 19-Oct-24 21:23
Cost of staff training for usage of PPE will include in cost of PPE
latest answer
Okay. Thank you so much
Pavi S
CA Final
★ 280
2
550
Regarding clause reported
Auditing
answered on 21-Oct-24 20:31
This case study attracts clause 6 of Part 2 instead of clause 5 of part 2 because the information is already available in Financial statement and it is wrong?
latest answer
Information is not available in financial statements. Check the question, there has been no disclosure
S Shriram
CA Final
★ 0
1
244
Employee Separation Cost
Financial Reporting
answered on 21-Oct-24 10:41
What are Employee Separation costs? In the Annual Report, this item was seen in Extraordinary items and how is it calculated?
latest answer
Employee separation costs are the expenses incurred when an employee leaves an organization, either voluntarily or involuntarily. These costs include severance pay, unemployment compensation, continued healthcare benefits, pension or retirement benefits, outplacement services, legal fees, and administrative costs
Hrishikesh Pradhan
Qualified CA
★ 18K+
1
699
Variable cost
Costing
answered on 19-Oct-24 16:25
Variable cost = DM + DL + V. OH....and all other expenses incurred the factory which is varible... This is what sir told about varible cost in marginal costing... Does the expenses that he meant includes DIRECT EXPENSE?
latest answer
Variable Costs are those that vary according to units produced. If the Direct Expense is of such a nature, it will be variable. A question in the study material took it as Variable cost, despite nothing mentioned in the question itself
07- Issac Jolly-XII C
CA Inter
★ 16K+
1
622
Private Placement - Pending Offers
Corporate & Other Laws
answered on 21-Oct-24 07:12
No fresh offer or invitation under this section shall be made unless the allotments with respect to any offer or invitation made earlier have been completed or that offer or invitation has been withdrawn or abandoned by the company Does this apply to the pending offers relating to the identified person in the new proposed private placement or to any private placement in general (ie, regardless of whether a pending offer was made to him or not)
latest answer
Thank you ma'am
Vishnu Muraleedharan
CA Final
★ 32K+
2
595
title of the clause 6
Auditing
answered on 21-Oct-24 19:50
Mam, do we need to write the full heading(title) of the clause along with number in exam? Or just the clause number along with the schedule is sufficient.?
latest answer
Clause numbers and schedule number are mandatory. But content need not be exactly the same as given under clauses. You can make ur own sentence provided meaning remains the same
S Shriram
CA Final
★ 0
2
243