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

Questions › Author "jasmine_kaur_1"
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1. Whether board of individual can be placed at plate of residence?
Jasmine KaurJasmine Kaur asked 6 years ago • 
860 views1 answers0 votes
Whether transition period of 3 years for rotation of auditors has been extended till now or not?
Jasmine KaurJasmine Kaur asked 6 years ago • 
918 views1 answers0 votes
If after expiry of 5/10 years, a new firm XY & Co. is appointed as auditor and thereafter Mr. A (the signing partner of erstwhile auditor AB & Co.) leaves his firm and joins XY & Co., then is this situation also covered by the rules? Since as on date of appointment there is no violation of the rules and even after appointment the new auditors will not be liable for cooling period?
Jasmine KaurJasmine Kaur asked 6 years ago • 
1161 views3 answers0 votes
Sir it is written that whether a CA in practice or not represents himself as FCA, then here “not in practice” would mean that he is a part time COP holder in employment is it?
Jasmine KaurJasmine Kaur asked 7 years ago • 
1446 views3 answers0 votes
Special approval is required if CA in his name can do family business which has been devolved on him however he must not take active part in it. Sir my question is if the business is under the name of CA however its activities are not majorly under his control then suppose if any fraud took place by the business concern wouldn\’t it be negative impression on the profession as for general public that business in name of CA and if any wrong thing will happen allegation would be on a CA only?
Jasmine KaurJasmine Kaur asked 7 years ago • 
975 views1 answers0 votes
Section 2(2) creates a deeming fiction on CA\’s, then in which section the term CA in practice is defined or it is written that what a CA in practice should do etc as this section deems a CA to be in practice if he performs certain activities which are generally to be rendered by a CA in practice.
Jasmine KaurJasmine Kaur asked 7 years ago • 
935 views1 answers0 votes
it is written in the section that an Individual ‘in partnership with CA’s perform such activities. My question is if a CA in partnership with lawyers or any other professionals performs such services of accountancy etc then he may not be deemed to be in practice as per the language of section
Jasmine KaurJasmine Kaur asked 7 years ago • 
908 views1 answers0 votes
Management Consultancy Services include those services which are sensitive and therefore if CA performs such services he shall be deemed to be in practice.. Then why portfolio management services are not included in MCS as it is also a sensitive job to manage funds of public?
Jasmine KaurJasmine Kaur asked 7 years ago • 
1082 views1 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 • 
1418 views1 answers0 votes
If the joint auditors have not documented the work allocation then who will be responsible for such allocated but not documented work?
Jasmine KaurJasmine Kaur asked 7 years ago • 
1264 views2 answers0 votes
If in a meeting of AASB where standards are proposed in a particular area and 1/3rd members are present in person while the other 1/3rd are present through video conferencing, would this serve the requirement of 2/3rd?? Further in same situation what if guidance notes are proposed instead of standards??
Jasmine KaurJasmine Kaur asked 7 years ago • 
1090 views1 answers0 votes
Who are the co-opted members in the composition of AASB??
Jasmine KaurJasmine Kaur asked 7 years ago • 
1039 views1 answers0 votes
Series from SA 800-999 are for speacialized areas as taught by sir.., but on icai’s website there is no mention of SA 900-999 therein only 800-899 are for specialised areas? Then What SA 900-999 are for?
Jasmine KaurJasmine Kaur asked 7 years ago • 
1266 views1 answers0 votes
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