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

Questions › Author "jasmine_kaur_1"
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Whether the auditor can *prepare* projected financial statements as per 3400 or only he can review only… the answer given in practice manual and oct 18 mtp contradicts
Jasmine KaurJasmine Kaur asked 6 years ago • 
901 views1 answers0 votes
Sir where the notes of council guidelines 2008 are given in your book of Jan 2017 edition ?
Jasmine KaurJasmine Kaur asked 7 years ago • 
979 views3 answers0 votes
AS PER DETAILS: Q1. A CA who is an employee performs one of such services as mentioned in Management consultancy services, will he be deemed to be in practice?? If yes, what are the consequences as he is an employee not having COP? Q2. Can a CA who is employee holds COP? which section provides for the same in both cases whether yes or no. Q3. A member of ICAI who is also a lawyer and is practising as a lawyer and not as CA. Can he represent in ITAT as lawyer and not as CA? Further if he wants to represent as CA not holding COP can he do so? Q4. Restoration of COP is possible if application for the same is made after expiry of relevant year? If yes, from which date it will be effective? Q5. Can a CA who is an employee represent before tax authorities as the same does not include in MCS accordingly he will not be deemed to be in practice?
Jasmine KaurJasmine Kaur asked 7 years ago • 
1411 views2 answers0 votes
as per details: Q1. A member of ICAI who is also a lawyer and is practising as a lawyer and not as CA. Can he represent in ITAT as lawyer and not as CA? Further if he wants to represent as CA not holding COP can he do so? Please provide ans in detail Q2. Can a CA in practice while using email signature use the phrase for example celebrating 50 years of excellence? This would count as professional attainment under clause 7 and will be a misconduct? If yes, then there are many such and website related misconduct how the institute will get knowledge of all this and consequences or actions to be taken?
Jasmine KaurJasmine Kaur asked 7 years ago • 
3625 views6 answers0 votes
Please upload notes of new video lectures of professional ethics as the one printed in book are different from that of the video. If cannot be uploaded please mail the same.
Jasmine KaurJasmine Kaur asked 7 years ago • 
779 views1 answers0 votes
As per details – 1. In case of sale of goodwill whether sale is to be effected within one year of death or permission of council is to be obtained within one year of death…. please see the chart given in this regard in study material as the picture is not inserting with this question. 2. Where is the concept of part time cop given in CA act… please explain this concept in detail.. 3. How can a CA holding COP be an employee? Is it because of clause 11 or something else? 4. What does it mean ^it is mandatory to communicate first to previous auditor even if he is auditor in preceding year .? In terms of clause 8 5. On harmonising clause 11of first schedule and clause 4 part 1 of second schedule and council guidelines whether the following conclusion is correct cannot be director in which partner is auditor, cannot be an auditor in which relative partner has substantial interest or they are director, can be a director of relative or partner has substantial interest
Jasmine KaurJasmine Kaur asked 6 years ago • 
1700 views6 answers0 votes
Whether loan given to related party is governed under both 3(iii) and 3(xiii) of Carl with respective reporting requirements?
Jasmine KaurJasmine Kaur asked 6 years ago • 
1006 views2 answers0 votes
1. Whether SA 299 revised and 720 revised relevant for CA final nov 18.. since in clarification issued by icai they are not mentioned as revised?
Jasmine KaurJasmine Kaur asked 6 years ago • 
1190 views2 answers0 votes
Whether IEPF RULES are applicable for November 18, if yes then in which RTP they were made applicable?
Jasmine KaurJasmine Kaur asked 6 years ago • 
837 views1 answers0 votes
What will be the consequences of auditor appointed at the AGM refuses to accept? Will it amount to casual vacancy? Can the board fill the same?
Jasmine KaurJasmine Kaur asked 6 years ago • 
932 views1 answers0 votes
As per sec 139(10), automatic reappointment will be there if no auditor is appointed or reappointed… Now if rotation applied to the retiring auditor and no appointment reappointment takes place how automatic reappointment will happen?
Jasmine KaurJasmine Kaur asked 6 years ago • 
990 views1 answers0 votes
What is the concept of deemed government company in reference to section 139(7)?
Jasmine KaurJasmine Kaur asked 6 years ago • 
3873 views1 answers0 votes
Whether the engagement team member who is also an expert in specialized area is covered under auditor's expert that is SA 620?
Jasmine KaurJasmine Kaur asked 6 years ago • 
974 views1 answers0 votes
What is teaming and lagging fraud?
Jasmine KaurJasmine Kaur asked 6 years ago • 
1665 views1 answers0 votes
What is teaming and lagging fraud?
Jasmine KaurJasmine Kaur asked 6 years ago • 
1551 views2 answers0 votes
What are the relevant regulation to be kept in mind for clause 1 part 2 of second schedule and how to learn them.. any sequence or so?
Jasmine KaurJasmine Kaur asked 6 years ago • 
1031 views1 answers0 votes
Please explain:- "it's exceptions are sufficiently material to negate the expression of an opinion" as mentioned in clause 8 part 1 of second schedule
Jasmine KaurJasmine Kaur asked 6 years ago • 
2258 views1 answers0 votes
In clause 2 part II of first schedule a CA will be held guilty if he accepts share Commission fee etc irrespective whether he is part time employee full time full time employee or holds COP… This holding of COP and employment can only be possible if such an employement is with practicing CA or firms of CA as allowed by general permission under clause 11 and any other any employement in business/non-business concern, by specific permission of council?
Jasmine KaurJasmine Kaur asked 6 years ago • 
980 views1 answers0 votes
Under clause 11 general permission is granted to a CA in practice to be in employment under CA in practice or firms of such CA.. in this case weather the practice is considered to be a part time practice or not and where is the concept of part time COP is given further whether such partner can train article trainee? And whether he will be considered in practice for continuance period until he is in employment?
Jasmine KaurJasmine Kaur asked 6 years ago • 
1287 views1 answers0 votes
In the given case whether CA is guilty of professional misconduct? If yes under which clause and why? A practicing chartered accountant sent a letter to another firm of Chartered Accountants claiming himself to be a pioneer in liasoining with Central Government Ministries and its Elite departments for getting various government clearances for which he had claimed to have expertise and had given a list of his existing clients and details of his staff its etc ?
Jasmine KaurJasmine Kaur asked 6 years ago • 
1146 views1 answers0 votes
Can a person use CA and LLB on his visiting card at the same tie
Jasmine KaurJasmine Kaur asked 6 years ago • 
1913 views3 answers0 votes
Can use of designation other than CA is violative of both clause 7 and section 7 or only clause 7?
Jasmine KaurJasmine Kaur asked 6 years ago • 
959 views1 answers0 votes
Please explain acceptance of original professional work as mentioned in clause 6
Jasmine KaurJasmine Kaur asked 6 years ago • 
1347 views1 answers0 votes
1. Whether advertisemenr by a CA in practice giving coaching would amount to solicitation of work and is it violative of clause 6?
Jasmine KaurJasmine Kaur asked 6 years ago • 
890 views1 answers0 votes
In case of death of sole proprietor/all partners, whether sale of goodwill is to be effected within one year of death or permission is to be obtained by legal heir within one year of death or both.. Also explain in case of dispute?
Jasmine KaurJasmine Kaur asked 6 years ago • 
1870 views5 answers0 votes
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