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

Questions › Category: SA-330
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control objective not being understood with supporting activities
NamrataNamrata asked 5 years ago • 
867 views3 answers0 votes
In Q. 11(a) of PM i.e. In the course of audit of Z LTD., it's auditor wants to rely on audit evidence obtained in previous audit in respect of effectiveness of internal controls instead of retesting the same during the current audit. As an advisor to the auditor kindly caution him about the factors that may warrant a re-test of controls. What points to be written in the answer as the answer given in PM contradicts with your answer
Unnati Rathi RathiUnnati Rathi rathi asked 5 years ago • 
1166 views1 answers0 votes
Can you please share me the same. Mail Id vignesh.s999@gmail.com
Vignesh SVignesh S asked 5 years ago • 
832 views1 answers0 votes
Assertion level
Karankaran asked 5 years ago • 
785 views2 answers0 votes
Que: while commencing the statutory audit of B com limited,the auditor undertook the risk assessment and found that the detection risk relating to certain class of transactions cannot be reduced to acceptable level. Ans me qualified or disclaimer opinion diya hey.disclaimer to tab aayega na jab effect effect material and pervasive + inability to obtain SAAE.opinion me doubt hey.
Ashish PatelAshish Patel asked 6 years ago • 
771 views1 answers0 votes
May 17 ka question hey Usme detection can reduced acceptable level..ans me disclaimer opinion diya hey to sir Usme adverse opinion nhi aana chahiye?
Ashish PatelAshish Patel asked 6 years ago • 
757 views1 answers0 votes
compliance procedures : sir,is there any difference between compliance procedures and test of controls? if yes,please explain
SonalSonal asked 6 years ago • 
1092 views1 answers0 votes
Controls: Sir please elobrate the term ” S/W based automated control depend upon general IT controls
Dharmesh Gaurdharmesh gaur asked 7 years ago • 
1237 views1 answers0 votes
Sir unable to understand SA 330 , plz elaborate by some different technique or simple language
Prasad MundadaPrasad Mundada asked 6 years ago • 
873 views2 answers0 votes
Sir, understood q1 of ch 3final pmbut any technique to retail all points in ques.
HarryHarry asked 6 years ago • 
1202 views3 answers0 votes
Sir Ch1pm q46 response to audit risk is different from your book overall response of sa 530 plz suggest which one to follow
HarryHarry asked 6 years ago • 
890 views1 answers0 votes
TEST OF CONTROLS POINT NO.1 "AUDITORS ASSESSMENT OF RMM AT ASSERTION LEVEL INCLUDES EXPECTATION THAT CONTROLS ARE OPERATING EFFECTIVELY" BUT AS PER SA 315 RMM IS A FUNCTION OF IR AND CR. IN IR WE ASSUME NO INTERNAL CONTROL SYSTEM SO WHY WE ARE EXPECTING THAT CONTROLS ARE OPERATING EFFECTIVELY IN ABOVE POINT?
Sagar goenkasagar goenka asked 6 years ago • 
845 views1 answers0 votes
substantive procedure at financial statement level
SonalSonal asked 6 years ago • 
1356 views2 answers0 votes
I am unable to understand extent of toc. Please elaborate the concept by an example.
Shubham MangalShubham asked 7 years ago • 
1203 views1 answers0 votes
Underlying accounting records
Dharmesh Gaurdharmesh gaur asked 7 years ago • 
2702 views2 answers0 votes
Test of controls to be performed when auditor finds RMM at assertion level… so if there is RMM at financial statement level, no Test of controls required? Or is it in the way that assertions will ultimately cover whole of financial statements and thereby control checking at assertion level will serve the purpose for whole of financial statements.?
Jasmine KaurJasmine Kaur asked 7 years ago • 
1408 views1 answers0 votes
I Cant understand the difference between the following, Test of Details, Substantive procedure, Substantive analytical procedure
A TaniyaA Taniya asked 7 years ago • 
1637 views1 answers0 votes
Risk of material misstatement and detection risk are inversely related.Sir can you explain this with an example?
Ritika MirchandaniRitika Mirchandani asked 7 years ago • 
2172 views2 answers0 votes
Pls tell how to do cut off testing of sales. In big fours they sometimes, take last 5 sales transactions of current yr and first 5 of next yr.And sometimes they take first 5 of current yr and last 5 of current yr. Pls tell which one is correct
Archana BakshiArchana Bakshi asked 7 years ago • 
1418 views1 answers0 votes
sir please tell me one thing that how many questions there can be in sa330to cover it in its entirety.
Sudhir DubeySudhir Dubey asked 8 years ago • 
1297 views1 answers0 votes
SIR WE ARE NOT GETTING THE PRACTICAL EXAMPLE GIVEN BY YOU IN VIDEO ON ASSERTION PLZZ SEND US LINK OF THAT EXAMPLE
Sagar GoelSagar Goel asked 8 years ago • 
1827 views1 answers0 votes
What is Compliance & Substantive Procedure ? Kindly explain with example in detail.
Auditaudit asked 8 years ago • 
6807 views1 answers0 votes
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