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What does SA 501 mandate w.r.t inventories?
Auditing
answered on 02-Dec-20 17:29
Inventory count at FS date Surprise count Both?
latest answer
Clear.
Kumarjit Dey
CA Inter
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4
751
Doubt
Maths & Stats
answered on 02-Dec-20 08:01
I got answer for this question as .74431 but option didn't match can you please say whether it is right or wrong
latest answer
Share your working.s
Sri kanaga Varshini
CA Final
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1
588
Inventory materiality - CARO, 2016 vs SA 501
Auditing
answered on 02-Dec-20 08:01
SA 501 only deals with inventories which are material to FS. Is it same for CARO? Or in case of CARO, all inventory irrespective of their materiality?
latest answer
All inventory in respect of CARO.
Kumarjit Dey
CA Inter
★ 4K+
1
625
If Management's responsibilities are required to be stated in Audit Engagement Letter
Auditing
answered on 02-Dec-20 08:02
Why does auditor need to obtain MRL from Management regarding the same?
latest answer
Audit engagement deals with appointment aspects only. MRL is each for each financial statement.
Kumarjit Dey
CA Inter
★ 4K+
1
659
CARO 2016
Auditing
answered on 02-Dec-20 08:06
If there any excess of debit balances of profit and loss account after adjustment to Reserves and surpluses, Can this excess be netted off against Paid up capital ?
latest answer
No. The order mentions Paid up capital and reserves and surplus. It does not mention aggregate of Paid Up capital and Reserves and Surplus.
Hemanth Anil kumar Rallapalli
CA Final
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2
727
Risk assessment procedures
Auditing
answered on 02-Dec-20 08:07
Is performed 1st thing by auditor, even before forming an overall audit strategy, audit plan because he has to obtain and understanding of the entity and its related internal control to identify and assess the risks of material misstatement whether due to fraud or error at fs and assertion levels. Am i correct?
latest answer
Yes. And it continues as a part of audit strategy and plan as well.
Kumarjit Dey
CA Inter
★ 4K+
1
643
Levy and collection of GST
Indirect Taxation
answered on 02-Dec-20 15:40
Sub - GST Topic -9(3) List Of Reverse Charge Sir services provided by Goods Transport agency to a Unregistered sole trader Who is liable to pay tax sir
latest answer
Not taxable.
M Naresh
CA Final
★ 3K+
1
723
Reservation of name for a new company
Corporate & Other Laws
answered on 01-Dec-20 19:07
Sir can we use dissolved company name to newly incorporated company??
latest answer
Kk sir
sivaiah akunuri2020
CA Inter
★ 133K+
2
703
In accounts exam
Exams
answered on 01-Dec-20 18:50
In ca foundation accountancy exam will they give marks for the stpes even though the final answer is wrong?
latest answer
Yes
VV BOY
CA Foundation
★ 4K+
2
698
Virtual OC
Others
answered on 01-Dec-20 19:49
Where to submit documents required before taking virtual oc training
latest answer
OK thank you sir
Devendra Rajput
CA Inter
★ 425
4
678