Sir I read SA 700 and ITS SERIES is applicable for FY 2018-19. Is it true or its applicable for audits from FY 2017-18? Also SA 700 is applicable to all entities whether Company or not?NEW Devyani asked 26 mins ago
Sir I did not understand whether Statutory auditor can take direct assistance from Internal auditor in India as per Co.s Act?NEW Devyani asked 2 hours ago ⋅ Category: SA-610
Is this SA only applicable where branch is there or is principal auditor also appointed where a company has subsidiaries? Is main auditor also responsible for giving opinion on consolidated FST of co along with its branches and subsidiaries if any?OPEN Devyani asked 14 hours ago ⋅ Category: SA-600
Sir I haven't got last 3-4 slides printed in book provided for SA 710. do we have copy available so that i can take a print out?OPEN Devyani asked 20 hours ago ⋅ Category: SA-710
if mgmt disagrees to make changes for misstatements of PY found in CY under Comparative FST and whether audit of last year is done by us or not, how will auditor deal with it? what steps will be taken when auditor was same in PY and what will be done if auditors are different in both years?OPEN Devyani asked 21 hours ago ⋅ Category: SA-710
if mgmt disagrees to make changes for misstatements of PY found in CY under Comparative FST and whether audit of last year is done by us or not, how will auditor deal with it? what steps will be taken when auditor was same in PY and what will be done if auditors are different in both years?OPEN Devyani asked 21 hours ago ⋅ Category: SA-710
1. if management disagrees and corresponding figure approach is followed, then will we qualify PY's audit report by mentioning it in OMP? whether or not audit is done by us?…………………… 2. Co.s Act 2013 mentions which approach to follow. Comparative FST or Corresponding figures approach?OPEN Devyani asked 21 hours ago ⋅ Category: SA-710
if management agrees for misstatement in PY's audit report detected in CY, then how will changes be made in figures shown this year(of PY's) in audit report? For instance depreciation is not charged last year, then while showing figures of last year, will we make any changes? whether or not audit is done by same CA last year & CYOPEN Devyani asked 21 hours ago ⋅ Category: SA-710
Can CA appear in high court for income tax case if he holds cop of both advocate and also CA and he holds specific permission of holding cop of advocate and also he is not guilty of professional misconduct in CA Act 1949OPEN Nik10221 answered 1 day ago ⋅ Category: CA-Final Prof Ethics
"where the company not being an investment co or a banking co whether so much of assets of the company as consists of shares debs and other securities have been sold at a price less than that at which they were purchased by the company"ANSWERED Ravi answered 3 days ago ⋅ Category: Co. Audit - I
what does it mean ? – " After the 1st AGM, when any appointment of auditor is made at any AGM, the auditor so appointed shall hold office till the conclusion of 6th AGM, with the AGM whereinsuch appointment has been made being counted as first AGM "ANSWERED Ravi answered 4 days ago ⋅ Category: Co. Audit - I
Sir if Comparative FST approach is followed but audit of P.Y. is done by other CA or not done at all; and since audit is not done by CY auditor, he cannot give reference to PY in his audit report. then how can users come to know whether it is Comparative or corresponding FST approach when auditor cannot give reference to PY? AND in such situation if auditor comes across some matter where he is required to give modified opinion, then can he give so on PY's FST? If yes, then he will also be required to do audit again which was already done by some other CA. How will auditor deal in such a situation?ANSWERED Ravi answered 4 days ago ⋅ Category: SA-710
Sir u have provided example of independent auditor’s report of Wiki paper. in that auditor has provided Adverse Opinion. But in that report, auditor was also not able to obtain S&A Evidence. So instead of Adverse Opinion, it should have been Disclaimer of Opinion or Multiple Opinion Report?ANSWERED Ravi answered 5 days ago ⋅ Category: SA-705
it is obvious that company knows that this time they shall be given Modified opinion by auditor. So when auditor gives Modified opinion, do such companies pay less to auditor? Like at times company is even making high losses. and then it denies paying fees decided to be given to auditor.ANSWERED Ravi answered 5 days ago ⋅ Category: General Ques
sir IN REMOVAL AT EXPIRY CAN ONE MEMBER WHO HOLD MORE THAN 500000 PAID UP CAPITAL SENT SPECIAL NOTICEANSWERED Ravi answered 5 days ago ⋅ Category: Co. Audit - I
Sir, independent director definition mein 10% of gross receipts is what?RESOLVED Ravi answered 5 days ago ⋅ Category: CA-Final Corporate Governance
Sir did not understand when we give Disclaimer Opinion and when we give Adverse Opinion. Both have Pervasive effect onlyANSWERED Ravi answered 6 days ago ⋅ Category: SA-705
sir the term of subsequent auditor is for 5 AGMs whether we have to consider EOGM.ANSWERED Ravi answered 6 days ago ⋅ Category: Co. Audit - I
Shares where dividend has not been claimed for 7 consecutive years shall be trf. to IEPF. Then 7 consecutive years denote that dividend of a particular year is not not paid for 7 years or does that mean that 7 financial years' dividend is not paid/claimed?ANSWERED Ravi answered 6 days ago ⋅ Category: Co.Audit - II
What is difference between CDT and DDT (Dividend Distribution Tax)?ANSWERED Ravi answered 6 days ago ⋅ Category: Co.Audit - II
Disqualifications are mentioned i sec 141 but in your book it says sec 143(3)(e) is of business relation.ANSWERED Ravi answered May 14, 2018 ⋅ Category: Co. Audit - I
