Forums
Familiarity threats to independence
Auditing
answered on 08-Feb-24 18:13
Former partner of audit firm being a director or senior employee of the client , is an example of familiarity threats. But till how much time 1, 2 etc years the audit firm cannot do audit of the client ?
latest answer
This is applying safeguards to eliminate the threat, Min 2 years. However, if by any change there is compromise on objectivity, then we consider threat to still exist and dont accept the engagement.
Anirved Rahatgaonkar
CA Inter
★ 0
1
615
Ind AS 23
Financial Reporting
answered on 08-Feb-24 09:50
Whether comparison of interest savings has to be made each year for adjusting foreign exchange gain/loss to interest?
latest answer
Yes.
shamanth rm
CA Final
★ 2K+
1
369
Others
Auditing
answered on 08-Feb-24 10:42
Are there videos for audit of banks,audit of certain items of financial statements and the last two chapters..I can’t find it ..also is company audit going to be tested in the exam ?
latest answer
Ok sir
SANSKRITI BADRI 2111339
CA Final
★ 4K+
4
396
Why cant we considers dividend as D1
AFM
answered on 08-Feb-24 09:17
In given question it is mentioned that SAM has just the dividend so why we cant consider them as D1 as it related to current year
latest answer
D1 is dividend payable atleast after 6 months
Surya Prakash
CA Final
★ 19K+
1
445
Consolidated financial statements
Financial Reporting
answered on 09-Feb-24 17:28
Sir in this question can I pass the entry Bank a/c Dr. To Retained Earnings a/c
latest answer
But has to be routes through P&L
Swathi Krishna
CA Final
★ 8K+
3
358
Ind AS
Financial Reporting
answered on 08-Feb-24 18:35
which ind as attracts for an entity if its business is to provide rooms on rent
latest answer
When covered by a specific standard, we follow that. Ind AS 40 covers Investment Property specifically.
Gunda Sharan
CA Final
★ 150
3
278
Introduction to Ind AS
Financial Reporting
answered on 08-Feb-24 05:47
Sir in books Introduction to Ind AS chapter where when how it applies is there separate vedio is there or it's self study
latest answer
Will be added. You need to learn it after Ind AS
HEMAVATHYSUBRAMANI SUBRAMANI
CA Final
★ 3K+
1
279
ITT
Others
answered on 08-Feb-24 05:10
Can I join ITT and OC training without completing CA inter examination?
latest answer
Yes
Gopal Garg
CFA L1
★ 5K+
3
379
Compound Financial Instruments
Financial Reporting
answered on 08-Feb-24 12:09
In this problem, in the question it is not mentioned anywhere as to how much of cash will be paid or will it be paid in premium or par. It only says, the convertible shares can be converted any time in next 8 years. Should we always assume convertible shares are optionally convertible only unless it is mentioned as compulsorily convertible?
latest answer
Okay sir thank you
Susee Arunachalam
Qualified CA
★ 26K+
2
404
Cash payment under PGBP
Direct Taxation
answered on 09-Feb-24 19:12
legal expenses include 8000 cash so it not take what if it was more than 10000 so shld we take difference and add back ? example if it was 13000 so should we add back 3000 to net profit
latest answer
If it is 13K cash paid to single person in single day then entire 13K is added back as per Section 40A(3).
varun r
CA Inter
★ 0
1
300