Forums
Actual meaning of statutory audit
Auditing
answered on 20-Feb-22 13:31
What kind of audit is said as statutory audit ?how does internal audit is different from it? As in internal audit we shall verify all laws? Can anyone explain with example?
latest answer
Internal audit is carried out internally at the behest of the Management and different from External or Statutory Audit. Generally the scope is defined by management in internal audit where as in statutory audit duties of auditor, reporting requirements are given by the acts. Bank statutory audit mandated by RBI, Audit required to be done as per companies act or Income tax act are examples for statutory audit.
vasabattula abhinav
CA Final
★ 85
1
440
Direction test
Maths & Stats
answered on 19-Feb-22 13:11
can anyone explain the 22nd question which was given in below image pls i got confuses....
latest answer
Ok sir .....
Balachandar S
CA Inter
★ 59K+
2
603
Study hours
Others
answered on 19-Feb-22 13:14
study plan that you have given plz increased add 20hours options also, which have for last 12 hrs only...because I want to give my may attempt as there is only 2months left It my humble request to you..,if possible
latest answer
OK sir. Thank you sir
Pari Singh
CA Inter
★ 5
4
491
Doubt related to how will answer in exam
Corporate & Other Laws
answered on 19-Feb-22 13:08
If ICAI ask questions like essential elements of valid contract What should I write? If these is enough 1) Agreements 2) Free consent 3) Capacity of the parties 4) Lawful consideration 5) Lawful Object 6) Not expressly declared to be void Or We should also write General essential elements of valid contract ?
latest answer
Thank uh bro
Karnan N
CA Inter
★ 15K+
2
412
Pls explain it
Maths & Stats
answered on 19-Feb-22 20:07
The problem is from logarithm And pls check attached file
latest answer
Hope it helps.
Nilesh Malviya
CA Inter
★ 655
1
475
Can anyone solve and explain it step by step
Maths & Stats
answered on 21-Feb-22 10:11
I am not able to understand x=log a n formula for it
latest answer
1728= 12^3= (2^2x3)^3=(2^2x(root 3)^2)^3=(2root3)^6 So log1728 base 2root3 = log(2root 3)^6 base 2root 3= 6 log (2root 3) base (2 root 3) = 6
Nilesh Malviya
CA Inter
★ 655
1
467
Security Valuation- Equities
AFM
answered on 19-Feb-22 12:11
In Illustration 10(Sun Ltd), while calculating capital gearing ration, why are we not considering the current year undistributed profits in the reserves with opening balance in the denominator?
latest answer
Because as per the question there is no indication to state that the BS is before transferring Profit to reserves. So in such case one makes an assumption that the Reserves account in the balance sheet as on 31/3 already accounts /has considered current year profit
Suresh Avinash
CA Final
★ 3K+
1
587
Salaries
Direct Taxation
answered on 19-Feb-22 11:13
Will SBI employees considered as government employees for computattion of gratuity ?
latest answer
No
Sai Vema
CA Final
★ 108K+
1
414
Financial statements
Accountancy
answered on 19-Feb-22 09:41
How to treat Provision for taxation :- 50000 Income tax paid :- 40000 While preparing profit and loss account and balance as per schedule 3.
latest answer
PL dr 50000 BS Provision 50000 liability Advance tax 40000 asset
Hemanthkumar Hemanth
CA Foundation
★ 670
1
410
Public company
Corporate & Other Laws
answered on 21-Feb-22 11:53
If company is not listed and private company For these companies within How many days right shared bonus shares need to allot? Plse tell which sec...sir
latest answer
Allotment of securities must be done within 60 days of receiving application money
Nivetharaman Raman
CA Foundation
★ 11K+
1
383