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Detailed explanation of each & every topic of AUDIT for better understanding

Questions › Category: CA-Final Consolidated Financial Statements
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Sir, Please explain An investment entity shall not consolidate its subsidiaries.Instead, an investment entity shall measure an investment in subsidiary at FVTPL. However parent of an investment entity shall consolidate all entities that it controls, including those controlled through an investment entity subsidiary, unless the parent itself is an investment entity
AishwaryaAishwarya asked 5 years ago • 
738 views1 answers0 votes
In the chapter "Audit of CFS", proviso to Rule 6 of Companies (Accounts) Rules states that "If a company is not required to prepare CFS as per AS, it shall be sufficient if the company complies with the provisions on CFS provided in Schedule III of the Act" Here what does the word "complies" mean? Does it mean only disclosure is required? Or Does it mean the CFS has to be prepared?
Kajal ShahKajal Shah asked 6 years ago • 
914 views1 answers0 votes
P.M. Q. 6 On Page No. 10.5 : sir, in this Q. how B Ltd. become subsidiary of A Ltd where only 10% Holding have By A Ltd. Over B Ltd. & This Question have no relevant point regarding control over board so how we can remember this answer.
Shubham AgarwalShubham Agarwal asked 7 years ago • 
1271 views1 answers1 votes
CO Act v. AS 21: Hello Sir On page 3.2 on your book it was written that no need to prepare CFS in case AS not apply but co act ask to make consolidation which seems contradictory to question 7 of ch 10 of PM. SO kindly guide for the same.
Richi JainRichi Jain asked 7 years ago • 
2285 views5 answers2 votes
Exempted to subsidiary from CFS: it's operate under serve long term restrictions which significant impaire it's ability to transfer funds to the parent? Explain sir..
Ashish PatelAshish Patel asked 6 years ago • 
943 views1 answers0 votes
please explain answer of q5 of ch 10 ca final pm
HarryHarry asked 6 years ago • 
969 views1 answers0 votes
In reporting responsibilities under the sub part of components not audited , what is the meaning of these lines, '' auditor should evaluate both qualitative & quantitative factors on the possible effect of such amounts remaining unaudited when reporting on the cfs using the guidance in sa705
Ashmi Shettyashmi shetty asked 6 years ago • 
809 views1 answers0 votes
Sir,till yet our teachers said that modification in components audit report is included in parent report irrespective of materiality concept.
RumaRuma asked 6 years ago • 
1488 views1 answers0 votes
Sir foreign subsidiary ka consolidation is required or not?
Gautam jainGautam jain asked 6 years ago • 
1771 views4 answers0 votes
Consolidated Financial Statements- Subsy only for Temporary time…CFS to be prepared or not??/
Shubham BhardwajShubham bhardwaj asked 6 years ago • 
1064 views1 answers0 votes
From where to read cfs either from amendment notes or from your book or from both of them
Unnati Rathi RathiUnnati Rathi rathi asked 7 years ago • 
1221 views1 answers0 votes
Sir as per companies act if it’s a subsidiary and as per AS such co. doesn’t become it’s subsidiary then in such case cos. act would prevail over AS and hence consolidation should be done as AS only tells how consolidation is to be done??
Bharat Gahlotbharat gahlot asked 7 years ago • 
1018 views1 answers0 votes
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