Audit Old PM

answered on 15-Jul-21 09:17

Respected Admin, I am unable to access Old course ipcc Audit Practice manual.. Kindly help me to access at the earliest!

latest answer

Thank you !

Nisha Manikantan

CA Final

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366

Termination of Bailment

answered on 15-Jul-21 09:50

Point 4. Why doesnâ??t non gratuitous bailment terminate on death of bailor or bailed?

latest answer

Becuase of consideration involved. Say it was for Bailee's benefit - Bailee hiring Bailor's car, Bailor's death should not effect Bailee's use

Aman Mahajan

CA Final

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537

Audit

answered on 15-Jul-21 08:01

In the first sentence why is it auditor need to ENSURE that financial statements do not mislead anyone His duty is just to check whether management is fulfilling its duty or not right!!

latest answer

Yes I understood thanks!!

Sai Teja

CA Final

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271

Audit

answered on 15-Jul-21 07:55

In the first sentence why is it auditor need to ENSURE that financial statements do not mislead anyone His duty is just to check whether management is fulfilling its duty or not right!!

latest answer

Broadly yes

Sai Teja

CA Final

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255

Old syllabus

answered on 15-Jul-21 09:02

What are te important areas to stress after complete revision of audit. Ladt minute revision tips

latest answer

Thank you sir !

Sajan Gangadharan

CA Final

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280

Caro applicable

answered on 15-Jul-21 06:16

Is 2016 caro applicable for july?

latest answer

Yes

Varun Khandelwal

CA Inter

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1

255

Pre conditions for audit engagement

answered on 15-Jul-21 10:04

Ascertaining preconditions for the audit, will be the responsibility of whom? Management or auditor

latest answer

As per SA 210 Management is responsible for ascertaining preconditions for an audit. Auditor is responsible to ensure those preconditions are present before accepting audit engagement.

Varun Endukur

CA Inter

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3

271

Buy back

answered on 14-Jul-21 20:40

Please refer below question and answer And answer why revenue reserve was used to transfer to CRR rather than p&l a/c

latest answer

Thank you sir understood!!!

Sai Teja

CA Final

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Imp doubt from soga

answered on 14-Jul-21 20:21

As per module an unpaid seller losses his right of stoppage when the transit comes to an end but in ques 3 on pg 2.68 ram sells bales... The ans is he can stop which is totally contrary to the 5th pt mentioned on 2.59 refer pic Plz anyone help me in understanding it with some valid ND practical points...

latest answer

In Ques 3, transit is still on for 100 bales sent by Railway as buyer has not taken delivery of goods. So, for those 100 bales Ram can exercise right of stoppage. 5th point on page 2.59 is slightly wrong. Below is what Sec 51 in law contains: Where part delivery of the goods has been made to the buyer or his agent in that behalf, the remainder of the goods may be stopped in transit, unless such part delivery has been given in such circumstances as to show an agreement to give up possession of the whole of the goods.

sujal jaiswal

CA Foundation

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231

Salaries head

answered on 15-Jul-21 09:58

Doesn't said about expenses met by employer even though took as 1800 p. m instead of taking 900 p. M why

latest answer

Ok

OMKAR REDDY

CA Inter

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