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

Questions › Author "ashish_patel_1"
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Precondition for the assurance engagement: (1) the underlying subject matter of audit.(2) the criteria that the practitioner expect to applied in the preparation of the subject matter of information are suitable for engagement circumstances.. explain sir..thank you..
Ashish PatelAshish Patel asked 6 years ago • 
2154 views1 answers0 votes
Factor consider while planning performance audit: identify the criteria needed to evaluate matters subject to audit…sir, explain..
Ashish PatelAshish Patel asked 6 years ago • 
798 views1 answers0 votes
Matters to be reported in case nbfc accepting public deposit: whether the company has violated any restriction on the acceptance public deposit as provided in nbfc acceptance of public deposit direction 2016. Sir, explain..
Ashish PatelAshish Patel asked 6 years ago • 
1076 views3 answers0 votes
1)Compliance of prudential norms by nbfc: prohibition of granting loan against its own share,(2) investment company me Physically verification: security is lodged with bank. Sir yeh 2 point conflict nhi ho the?
Ashish PatelAshish Patel asked 6 years ago • 
1384 views4 answers0 votes
Core investment company: it doesn't trader in its investment in share,debt in group companies except through block sale for the purpose of dilution or disinvestment.sir , except Vali line explain karna..thank you sir..
Ashish PatelAshish Patel asked 6 years ago • 
938 views1 answers0 votes
Not use the work of I.A as direct assistance: relate to decision the external auditor makes in accordance with this same regarding the internal audit function and the use of its work or direct assistance.sir, yeh point kya kehna chahta hey?
Ashish PatelAshish Patel asked 6 years ago • 
941 views1 answers0 votes
Procedure to be followed by the QEB: lay down the procedure of evaluation criteria to evaluate various services being provided by the members of the institute and to select in such manner and form as it may decide,the individual and firms rendering such services for review.sir explain..
Ashish PatelAshish Patel asked 6 years ago • 
909 views1 answers0 votes
Inherent limitations of peer review: there are inherent limitations in the effectiveness of any system of quality control which happens to be subject matter of review, departure from the system may occur and may not be detected.. sir explain..
Ashish PatelAshish Patel asked 6 years ago • 
1310 views1 answers0 votes
Sir, what the reason some assurance service excluded from peer review.? Likea prepare i.t return of clint
Ashish PatelAshish Patel asked 6 years ago • 
927 views1 answers0 votes
Claim against the bank not acknowledge as debt…sir example kya ho sakte hey?
Ashish PatelAshish Patel asked 6 years ago • 
920 views1 answers0 votes
Verification of advance against lic policy: auditor see if surrender value is subject to payment of certain premia..the amount of such premia deducted from surrender value. Sir, surrender value premium paid par depends Hoti hey na? To fir premia deducte kyo Kiya from s.value?
Ashish PatelAshish Patel asked 6 years ago • 
1175 views3 answers0 votes
Sir,risk management policy me exactly hota kya hey?
Ashish PatelAshish Patel asked 6 years ago • 
862 views1 answers0 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 • 
948 views1 answers0 votes
NTE OF EXAMINATION PROCEDURE: STABILITY OF ENTITY BUSINESS. Yeh point kese connected hey with NTE ke saath?
Ashish PatelAshish Patel asked 6 years ago • 
907 views1 answers0 votes
Purpose of communicating key audit matter:"to provide a basis to further engage with MGT and tcwg about certain matters relating to the entity , the audited f.s or the audit that was performed.."sir explain..
Ashish PatelAshish Patel asked 6 years ago
857 views1 answers0 votes
The degree of interaction between activities of service organisation and those of the user entity..sir ,yeh point user auditor ke lie "kyo" important hey?
Ashish PatelAshish Patel asked 6 years ago • 
983 views1 answers0 votes
Difining the terms of engagement: "limitations on distribution of the report of factual findings.if such limitations would be in conflict with the legal requirements, the auditor would not accept the engagement"..sir explain .. thank you…
Ashish PatelAshish Patel asked 6 years ago • 
783 views1 answers0 votes
Fraudulent financial reporting: engaging in complex transactions that are structured to misrepresent the financial position or financial performance of the entity..sir yeh point kya kehna chahta hey?
Ashish PatelAshish Patel asked 6 years ago • 
1264 views1 answers0 votes
Risk that required special audit compliance consideration : the degree of subjectivity in the measurements of financial information..sir yeah point kya kehna chahta hey?
Ashish PatelAshish Patel asked 6 years ago • 
1711 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
Que -Previous auditor given qualification due non provision of doubtful debt.then current auditor which way tackle report if (1) company not make provision in c.y (2) company make provision in c.y. sir ,my query regarding c.y , can current year given clean report regarding "previous financial statement" if make provision in c.y.and current f.s also clean report?.
Ashish PatelAshish Patel asked 6 years ago • 
1238 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
Que 1 )Describe principal method of "selection" of sample. (que 2) describe principal method of "design" the samples.sir both que are same ? If not then sir give me guidance..thank you sir.
Ashish PatelAshish Patel asked 6 years ago
856 views1 answers0 votes
S.A 520 me "determined suitability of substantive analytical procedure ke factor with example explain Kar sakte hey sir,for total 5 points ke ? Bcz I read the answer but not understand without exmple of each point.
Ashish PatelAshish Patel asked 6 years ago • 
1186 views3 answers0 votes
Difference between other audit procedure and alternative audit procedure..?
Ashish PatelAshish Patel asked 6 years ago • 
1388 views1 answers0 votes
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