Insurance companies could once issue only equity shares. The 2015 amendment changed that, and changed how the 49 percent foreign holding limit applies. What it means for audit.
An initiative connecting CA firms and students directly – firms share the work they expect, students share their location, so both find a better fit for articleship.
Audit is risk-based: more risk, more effort. SA 240 Para 26 tells you to presume risk in revenue recognition, and that presumption shapes how you plan the whole audit.
SA 260 in audit, explained simply – who TCWG actually are, the four categories that must be communicated, and what happens when those charged with governance and management are the same people.
Only 37 of 116 marks came from the Practice Manual and past papers, nothing from the RTP, and the Professional Ethics case study shrank to 4 marks. A mark-by-mark analysis.
A private company that is a subsidiary of a public company is deemed public – but MCA has clarified that a subsidiary of a foreign holding company keeps its private status.
SA 330 in audit, explained simply – overall responses, tests of controls and the once-in-three-years rule, why substantive procedures can never be skipped, and the significant-risk exception.
Para A11 of SA 230 makes the completion memorandum optional, not compulsory. Why it is still worth preparing in large and complex audits, and what it should record.
From FY 15-16, audit reports carry a separate Report on Internal Financial Controls. The eight key components required by the Guidance Note on IFC.
Finish your CA Audit paper in three hours without rushing. CA Ravi Taori on question selection, time allocation per mark, and the writing habits that actually save minutes.
