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

Questions › Category: SA-710
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Sa 710 reporting
Shyam asked 3 years ago • 
395 views1 answers0 votes
SA 710 doubt
Rameez Raja asked 3 years ago • 
371 views1 answers0 votes
CNO 127
Yash BanthiaYash Banthia asked 3 years ago • 
384 views1 answers0 votes
Revision of Auditor's Report
Aswin.S asked 4 years ago • 
676 views1 answers0 votes
S.a 710
Ashish PatelAshish Patel asked 4 years ago • 
713 views1 answers0 votes
SA-710
Pritish verma asked 4 years ago • 
822 views1 answers0 votes
Sa 701 related
Yash Arya asked 4 years ago • 
931 views1 answers0 votes
SA-710
M Sai Niharika asked 4 years ago • 
985 views1 answers0 votes
SA-710
Mukul Khatwani asked 5 years ago • 
1032 views1 answers0 votes
Cno 710.02
Rahul vyas asked 5 years ago • 
705 views1 answers0 votes
What is difference between comparative information and corresponding figures? Definition i know but unable to understand as in both amounts and disclosure of prior period are included
ShubhamShubham asked 5 years ago • 
2542 views1 answers0 votes
CA Inter MCQ Book 522 Please let me know why answer is b and not a
Amanjot SinghAmanjot Singh asked 5 years ago • 
710 views1 answers0 votes
Sa710 -Sir in SA 710 if finding misstatements in last year in depreciation and management agree to resolve it then the accounting effect would be retrospectively or prospectively?  And the answer to the above question would be for both approaches i.e corresponding figure approach and comparitive FST approach?
DharaDhara asked 6 years ago • 
1158 views1 answers0 votes
Last year Auditor gives unmodified opinion in FST of C Ltd. But C Ltd. Is of view that last year Auditor is not conducted Audit properly therefore in current year C Ltd. Appoint Current year Auditor to present comparative FST. Current year Auditor found that C Ltd. has undercharged the wages of RS. 10 lakhs during the last year result in overstatement of profits. What are the further procedure by current year Auditor…… In this case it should be treated as misstatement of last year and found in current year to Misstatement wale me Jo reporting method Diya hua hai wahi explain karna chahiye that if resolve then clean + emp otherwise qualify as per respective approach….. But answer me normal procedure likha hua hai???
Vikash ShrivastavaVikash Shrivastava asked 6 years ago • 
1008 views1 answers0 votes
W.r.t sa 710 ,if there is material misstatement stated in PY or found during CY,and we were not auditor of previous year,management disagree for modification of P.Y,how shall we provide opinion,they are comparative financial statements?can we still give 2 opinions? clean for this year and qualify for last year?
Kushal shahkushal shah asked 6 years ago • 
946 views1 answers0 votes
In case of audit reporting of "comparative f.s "then if p.y report is unmodified but required modified but p.y auditor is not given modified report then in current year new auditor request the mngt to communicate with previous auditor for give modified opinion ..but my query regarding this point that audit reporting in case "corresponding figure " then does" not" required communication with previous auditor…why sir,please sir give me reason..
Ashish PatelAshish Patel asked 6 years ago • 
993 views1 answers0 votes
Please explain different between corresponding figure and comparative f.s with example..in current year financial statement not included of previous year financial statement amount in case of comparative financial statement?
Ashish PatelAshish Patel asked 6 years ago • 
2284 views1 answers0 votes
in comparative FST, PY's misstatement is qualified by CA in CY. Can he qualify although the audit was not done by him in PY? and…….. in Corresponding fig. approach, does auditor need to mention in OMP that in PY some misstatements were found and its description?
DevyaniDevyani asked 6 years ago • 
985 views1 answers0 votes
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?
DevyaniDevyani asked 6 years ago • 
816 views1 answers0 votes
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?
DevyaniDevyani asked 6 years ago • 
881 views1 answers0 votes
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?
DevyaniDevyani asked 6 years ago • 
1408 views2 answers0 votes
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 & CY
DevyaniDevyani asked 6 years ago • 
964 views1 answers0 votes
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?
DevyaniDevyani asked 6 years ago • 
824 views1 answers0 votes
In SA 710 Comparative corresponding figures me jb misstatements h th ye thda bhot SA560 jesa Ni h that facts come to knowledge of auditor that impact the opinion given in prior yr. Pls let me clear wid this doubt
Shubham MangalShubham asked 7 years ago • 
2313 views8 answers0 votes
Sir, 1. Before stating that we have not audited for previous year (OMP) should we required to obtain any consent from the previous auditor. 2. Whether Financial Statements can be revised (if there is mistatement in comparativies) will it leads to non compliance of Section 131
Swaraj Rajuswaraj raju asked 7 years ago • 
1471 views1 answers0 votes
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