Archives
  1. Home
  2. Questions

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

Questions › Author "yash_saxena"
Filter:QuestionsSubscribes
Under SA 706 in the example of spicejet to explian “EMP” , auditor not qualify report just givr emphasis even the “going concern” was in danger. But under SA570, we study that in case of problem with going concern we should qualify or disclaimer our report? CONTRADICTION
Yash SaxenaYash Saxena asked 7 years ago • 
1267 views1 answers0 votes
Are dual dating required in audit report only or it can place in f.st. as well?
Yash SaxenaYash Saxena asked 7 years ago • 
1264 views1 answers0 votes
Time gap to maintain SLR on the basis of last friday of 2 nd proceeding month shows there is a gap of 21 days not 14 days?
Yash SaxenaYash Saxena asked 7 years ago • 
1144 views1 answers0 votes
should CRR is maintained by the bank – branch wise (individually) or as a whole centrally (inculding all branches)?
Yash SaxenaYash Saxena asked 7 years ago • 
1700 views1 answers0 votes
should the value of deposits be calculated as per tge date which is selected in 12 odd dates in fy or on the date of year’s end date?
Yash SaxenaYash Saxena asked 7 years ago • 
1002 views1 answers0 votes
difference between management representation letter and written representation ?
Yash SaxenaYash Saxena asked 7 years ago • 
4805 views1 answers0 votes
is balance with RBI different from cash reserve or not?
Yash SaxenaYash Saxena asked 7 years ago • 
1156 views1 answers0 votes
How control risk compensatesn the inherent risk, control itself a risk. Inherent risk should be compensated by “controls”.
Yash SaxenaYash Saxena asked 7 years ago • 
965 views1 answers0 votes
What is management letters by auditor?
Yash SaxenaYash Saxena asked 7 years ago • 
1213 views1 answers0 votes
Why not rate of deviation in sample of test of detail may also apply on population ? If not, then how can we project misstatement in test of details .
Yash SaxenaYash Saxena asked 7 years ago • 
977 views1 answers0 votes
Can we apply judgement base sampling(test checking) on internal control system? Bcoz it is defined that we have to check 100% internal control system.
Yash SaxenaYash Saxena asked 7 years ago • 
1072 views1 answers0 votes
What is supplemental test? In case of significant findings by principal or other auditor.
Yash SaxenaYash Saxena asked 7 years ago • 
1059 views1 answers0 votes
what is meant by external legal counsel? And diff. Between in house legal counsel and external legal counsel.
Yash SaxenaYash Saxena asked 7 years ago • 
3234 views1 answers0 votes
Dear sir, Pls send me the link to download the chart for risk assessment procedure for accounting estimates.
Yash SaxenaYash Saxena asked 7 years ago • 
1206 views1 answers0 votes
If a co. is listed than subsidiary of such co. has to report to ROC in XBRL or not?
Yash SaxenaYash Saxena asked 7 years ago • 
1334 views1 answers0 votes
In case of removal of cost auditor before expiry of term then, what is the time limit a co. has to intimate the removal of cost auditor to C.govt?
Yash SaxenaYash Saxena asked 7 years ago • 
1436 views1 answers0 votes
In case of revision of financial statements u/s 130 and revision of fin. st. & bod report u/s 131, the auditor report of such financial is required or not or if required then need to be filed again or not with fin. statements?
Yash SaxenaYash Saxena asked 7 years ago • 
1468 views1 answers0 votes
u/s 131 the reason for revision should be explained in Bod report of the revised fst. which were not correct or the reasons will be explained in the recent BOD report of the year in which such revision is taking place?
Yash SaxenaYash Saxena asked 7 years ago • 
1321 views1 answers0 votes
u/s 130 if sebi makes the application to tribunal court for recasting or reopening then tribunal/court shall send notice to all & authorities given in section(including sebi also) or to the other 3 authorities i.e c.g, income tax & any other statutory authority?
Yash SaxenaYash Saxena asked 7 years ago • 
1008 views1 answers0 votes
clause 14 of Caro – related party’s appointment to any office or place of profit in co. /subsidiary/associate. what is meant by place of profit here?
Yash SaxenaYash Saxena asked 7 years ago • 
1063 views1 answers0 votes
The limit of 1% or 3% is for remuneration of part time director only or it is total % including the remuneration of MD/WTD/manager?
Yash SaxenaYash Saxena asked 7 years ago • 
944 views1 answers0 votes
if a co. covered under the defination of small co. remain exempt if does not fulfill condition of exemption for private co. but if a co. covered under the clause of small co. then it already satisfied the condition for private co.(more or less)
Yash SaxenaYash Saxena asked 7 years ago • 
998 views1 answers0 votes
not able to differentiate b/w clause 3&4 of caro for loans and advances seem quiet similar???
Yash SaxenaYash Saxena asked 7 years ago • 
1041 views1 answers0 votes
if a small co. has 75 lakh paid up capital & T.O in last p&l is 4crores then will this co. get exemption under 5th point of private co., means can a co. use either 6 or 5 th point as per its convenience?
Yash SaxenaYash Saxena asked 7 years ago • 
888 views1 answers0 votes
The limit of paid up share capital 50 lakh in small co. check at what point of time for exemption?
Yash SaxenaYash Saxena asked 7 years ago • 
1028 views1 answers0 votes
12
Ask Question