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

Questions › Author "ahujahimalaya123gmail-com"
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Sir above que
HimalayaHimalaya asked 6 years ago • 
834 views1 answers0 votes
Can CA in service disclose confidential service after leaving job
HimalayaHimalaya asked 6 years ago • 
822 views1 answers0 votes
Fraud includes All Frauds or frauds commited in professional capacity
HimalayaHimalaya asked 6 years ago • 
891 views1 answers0 votes
Indebtedness of 500000is to be checked cumulative and combined for All companies. Case 1 Auditor indebted to company for 200000 his relative indebted to Company for 400000. Will Auditor be disqualifird. Case2. Auditor indebted to company for 4lac and indebted to its holding for 2lac will Auditor be disqualified case 3 Auditor indebb to company of 200000 and relative indebted to holding 400000 will Auditor be disqualified
HimalayaHimalaya asked 6 years ago • 
874 views1 answers0 votes
Relative can hold security of face value 100000. And 60days corrective action is given to him.of 60days But if on date of appt Of Auditor Relative hold more than 100000. Will Auditor be apptd immediately or after corrective action of relative is undertaken. And if once Auditor is apptd can relative acquire shares again and take corrective action. Or will he never be able to acquire shares above 100000face value after appt of Auditor upto comeyion of Tenure
HimalayaHimalaya asked 6 years ago • 
1030 views1 answers0 votes
Is step daughter a relative. Is wife of step son a relative
HimalayaHimalaya asked 6 years ago • 
856 views1 answers0 votes
Normally Term loan is of 36months but if a term loan is less than 36months will this clause apply
HimalayaHimalaya asked 6 years ago • 
882 views1 answers0 votes
Sir The way you exolained the treatment of losses only current year out of reserves seems practical and reasonable. But sir if we follow that then Sec123wil be contravened which says before declaring any dividend set off all previouscyear losses. What is final conclusion that we have to follow for exams. Sir if you have any clarification or practical sum which shows how ICAI approaches the sum and please give the final conclusion
HimalayaHimalaya asked 6 years ago • 
827 views1 answers0 votes
Sir in rule 3 we deduct loss of Current financial year but should we deduct carried forward loss of prevvious year because it is written section 123 that all previous year loss will be set off. So based on harmonious reading what should we do
HimalayaHimalaya asked 6 years ago • 
822 views1 answers0 votes
Case. Mr X a bank manager. Mr A CA in practice. Mr X Offers the CA that he will give him the list of bank clients. On the condition that CA will pay 5percent of fees. If CA accepts the work will he be guilty under Clause 5 or Clause 2 or both
HimalayaHimalaya asked 6 years ago • 
793 views1 answers0 votes
Does peer reviewer checks certification quality or only attestation or both
HimalayaHimalaya asked 6 years ago • 
917 views1 answers0 votes
Sir in download section 128-148is availlable is it applicable for old course nov 18whether it incorpirates amendments if Co Act 2017
HimalayaHimalaya asked 6 years ago • 
693 views1 answers0 votes
Clause 8 default in loan whether Auditor should comment only if there is default and if company has not defaulted Shouls Auditor comment that THERE IS NO DEFAULT. OR WHETHER THE CLAUSE WILL BE NOT ApplIcable Then
HimalayaHimalaya asked 6 years ago • 
709 views1 answers0 votes
case Mr X Is a stat and Tax Auditor of A ltd. On 15sept 2018 he completes tax Audit of the company his Tax Audit Fees is of Rs 200000 ,on 16th sept 2018 he Purchases goods from company for personsal use of Rs 600000. Will he dusqualified or not Should we net 600000 and200000=400000
HimalayaHimalaya asked 6 years ago • 
780 views1 answers0 votes
Case mr X is to be appointed as an auditor of A ltd and his mother hold equity shares of A ltd of face value 60000and his father of Rs 45000 face value will he be disqualufied
HimalayaHimalaya asked 6 years ago • 
864 views1 answers0 votes
Meaning of directly indirectly in case of individual Auditor. What does any person connected or associated mean. And in case of Audit firm what does parent subsidiary associate of firm means how can a firm have a parent subsiduary or associate
HimalayaHimalaya asked 6 years ago • 
812 views1 answers0 votes
Is sebi lodr applicable for nov 2018 old course
HimalayaHimalaya asked 6 years ago • 
1869 views1 answers0 votes
If CA purchase Air cooler from his client for his office The transaction is at Arms length price will he be disqualufied as itis business relationship and also is such transaction a business relationship
HimalayaHimalaya asked 6 years ago • 
709 views1 answers0 votes
Sir if Branch Auditor report is qualified and that information is material then what are the Additional procedures that Principal Auditor needs to perform
HimalayaHimalaya asked 6 years ago • 
842 views1 answers0 votes
Sir please list out mitigating Factors in SA 570
HimalayaHimalaya asked 6 years ago • 
1103 views1 answers0 votes
Sir please list out 6-8 eg of areas where Auditor exercises prof essional judgement
HimalayaHimalaya asked 6 years ago • 
703 views1 answers0 votes
Sec 139(2)says no audit firm having a common partner to the other Audit firm whwhose tenure has expired in a company shall be reappointed for 5yrs. But if Auditor of the company was a sole proprietor and he is also a partner in other firm can that firm be appointed as Auditor
HimalayaHimalaya asked 6 years ago • 
1035 views1 answers0 votes
Sir MF prepare bs on mark to market basis mark to market is only for securities but other items such as furniture and fixtures computers are also shown at their market values or Original cost less dep as in other entities
HimalayaHimalaya asked 6 years ago • 
808 views1 answers0 votes
Is indirect Tax included in sales while calculating revenue
HimalayaHimalaya asked 6 years ago • 
873 views1 answers0 votes
Sir is sale of scrap included in Turnover or revenue or both
HimalayaHimalaya asked 6 years ago • 
955 views1 answers0 votes
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