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answered on 30-Jan-26 22:43
Hello Faculty Team, Hope you are doing well. It’s been a while since I last connected with you. I’m currently working with EY in the Statutory Audit domain. Over time, I’ve felt that the role is largely focused on compliance and documentation, and I want to explore roles that are more analytical and forward-looking. I’ve always had an interest in analysing stocks, so I’m considering a move into Equity Research. I wanted to understand how the career growth looks in this field and CAs are not considered for this role without prior experience, so what kind of upskilling would help (for example, CFA ? ). I’m also exploring FP&A as another option and would like your guidance on the skills or certifications required to move into that space. It would be really helpful if you could guide me on these options.
latest answer
Thanks alot sir
Enuguru Sai Nithin
CA Final
★ 78K+
2
104
Illustration 12
AFM
answered on 29-Jan-26 21:58
Sir, isn't it (libor+50bps) for total interest rate. How 3 crore arrived [Video Time Stamp: 16:29]
latest answer
Got it 👍 thanks sir
Santoshkumar Kalisetti
CA Final
★ 2K+
7
74
Audit and auditors
Corporate & Other Laws
answered on 28-Jan-26 20:49
What if son and spouse holds separately worth 1 lakh and 1 lakh respectively [Video Time Stamp: 12:10]
latest answer
The auditor will still be disqualified. As we see the aggregate holding of the relatives.
Varun Varun
CA Inter
★ 230
1
81
Practical flow of bond valuation
AFM
answered on 28-Jan-26 20:47
Sir, I have understood the concept of market price, market interest rate and yield to maturity, individually. But how it actually works in the practical world. Like, among the three - which determines which? I couldn't get chronological flow of work of the three concepts in real world.
latest answer
Market Interest rate for g secs is primary it drives Yields on bonds which drives prices
Swathi S
CA Final
★ 975
1
76
Using OM para to refer the modification given for Comparitive FS
Auditing
answered on 29-Jan-26 13:13
Mam, am i correct to understand that, for giving modified opinion for the current year, the auditor will use Opinion para & Basis for Modified opinion para. And for giving reference of modification issued to previous year FS, the auditor will use OM para of the same Audit Report. i.e. the auditor is able to notify modified opinion given to current year as well as previous year or years, in the same audit report? Regardless of the Modified Report that the auditor has issued for the previous years separately for the respective FS of the FY. The auditor is also required to refer such modification in his Current year audit report ? [Video Time Stamp: 05:30]
latest answer
Yes. Your understanding is largely correct. Modified opinion for the current year- Where the auditor concludes that a modified opinion (qualified / adverse / disclaimer) is required for the current year financial statements, the reporting structure shall be: - Opinion paragraph – reflecting the modified opinion and Basis for Modified Opinion paragraph – immediately following the Opinion paragraph, explaining the reasons for such modification. This treatment is mandatory under SA 705 Under SA 710 If the prior period financial statements were modified, and The matter giving rise to the modification is still relevant to the current year (i.e., unresolved, continues to impact comparability, or is material for users’ understanding), then the auditor shall draw attention to such prior-period modification in the current year’s audit report. Through an OM paragraph, and Not through the Opinion or Basis for Modified Opinion paragraphs (unless the matter also causes a current-year modification). this will apply even if prior years already had separate audit reports Even though: Separate audit reports were issued for each prior year, and Those reports already contained the respective modified opinions, the auditor is still required, under SA 710, to refer to such modification in the current year audit report, if it is relevant to the current year financial statements.
Vinod Kumar
CA Inter
★ 11K+
1
98
Convexity
AFM
answered on 28-Jan-26 20:11
Does this second formula for computing convexity is covered under ICAI syllabus, sir? [Video Time Stamp: 08:55]
latest answer
Not in current ICAI SM but is past practice annual You can ignore it
Swathi S
CA Final
★ 975
1
86
MCQ
AFM
answered on 28-Jan-26 16:36
In this MCQ, according to me both option (a) and (c) seems correct, more appropriate would be option (a) but they have given it as option (c)
latest answer
Ohh !! I have to read question more carefully
Hrishikesh Pradhan
CA Final
★ 18K+
2
77
Fate of forward contract
AFM
answered on 28-Jan-26 17:03
In this question, bank will enter into 1 month forward to buy Sw Franc, so we will use 0.08% as margin na ? Because in solution, they used 0.10% as margin.
latest answer
Achhaa understood
Hrishikesh Pradhan
CA Final
★ 18K+
2
80
Forex
AFM
answered on 28-Jan-26 16:33
In this solution, HSBC purchase means SBI will sell Rs and Euro is base currency means SBI have to buy Euro that means Ask rate will be used right ? As i solved the question using Ask rate , but in solution they have have bid rate, why ?
latest answer
Yes 👍
Hrishikesh Pradhan
CA Final
★ 18K+
5
71
Cessation of partners - other points
Corporate & Other Laws
answered on 30-Jan-26 12:32
Mam some these topics are not mentioned in the official icai study material.
latest answer
It was a part earlier now removed. We will update them.
M Sandeep
CA Foundation
★ 3K+
1
75