Forums
Sec 143(4)
Auditing
answered on 07-Dec-25 20:57
Mam the reason for modified opinion (adverse,disclaimer,qualified) will be given in the basis of opinion para. Then what reasons should be disclosed in other legal and regulatory requirements,
latest answer
In 2O clauses of CARO, is there is any non compliance, or enquires conducted and you get a reservation, then reason need to be mentioned.! That need not be the reason for modification.
21SCO08 mahalakshmi
CA Inter
★ 1K+
1
92
illustration-6
AFM
answered on 27-Nov-25 16:51
sir in this sum is the additional case necessay from exam perspective. [Video Time Stamp: 17:43]
latest answer
No. Not required.
Raghavan Mani
CA Final
★ 355
1
63
About Kaplan notes
CFA
answered on 27-Nov-25 11:06
Sir actually the classes was not match exactly to Kaplan notes.So first I listen the classes and then see Kaplan notes.like after completion of one module then see notes or completely fallow the classes give me explanation sir....
latest answer
Go through both of them together at same time for each topic
Sai Kiran
CFA L1
★ 5
1
83
Calculation of Number of days
AFM
answered on 27-Nov-25 10:18
Sir, can you clarify when we should consider both start date & end date, and when we should include the start date and exclude the end date while considering the 365-day convention? [Video Time Stamp: 11:50]
latest answer
Always 365 days unless they specify otherwise. Start and end date - always include start date and not the end date
Murali Thripuraboina
CA Final
★ 3K+
1
79
Query - Question 35
Financial Reporting
answered on 28-Nov-25 19:19
Sir here in the question 35 they said 5,00,000 convertible debentures @ Rs.10 i.e no.of debentures will be 5,00,000 but we have taken Rs.5,00,000 as value. Why sir.?? [Video Time Stamp: 12:22]
latest answer
Okay, Sir, thank you.
K Vamshi
CA Final
★ 14K+
4
94
RCM
Indirect Taxation
answered on 02-Dec-25 09:43
Incase of DIRECT SELLING AGENT service supplied by recovery agent or DSA other than a body corporate RCM will be applied Here service is provided by partnership which is not a body corporate so RCM should be applied right? Please clarify me 😅 [Video Time Stamp: 08:24]
latest answer
For Direct Selling Agent - RCM will apply only if supplier is Individual DSA.
Parthi ban.B
CMA Final
★ 2K+
1
128
SA315 & SA260
Auditing
answered on 07-Dec-25 21:02
Mam, why there are two different standard for same area. I mean, why SA315 does not have a reporting component, for which a seperate standard is given? And i also wonder for begining the audit, we will assess the risks under 300 series, but for reporting, it goes back in 200 series. I am not confused, just curious aboubt the arrangement of standards by ICAI. [Video Time Stamp: 00:24]
latest answer
Because they serve completely different purposes. SA 315 - Understanding & Assessing Risks This standard is about the auditor’s internal process: • How to understand the entity • How to understand internal controls • How to identify & assess risks of material misstatement SA 315 has nothing to do with communication with external parties ,it is fully focused on the auditor’s analytical & risk assessment work. SA 260 - Communication with Those Charged with Governance (TCWG) This standard is about communicating: • Significant audit matters • Significant risks • Independence • Planned scope & approach This is an external-facing standard, telling the auditor what must be communicated to management/TCWG. ⸻ ✨ Why can’t SA 315 include reporting/communication requirements? Because risk assessment (SA 315) and communication (SA 260) are two distinct layers of audit responsibility.
Vinod Kumar
CA Inter
★ 11K+
1
84
ii point
Financial Reporting
answered on 28-Nov-25 11:37
Sir In ii question how will it be a DTA.?? As TBA < CAA.
latest answer
Its creationg of provision for restructuring so a liability and asset.
K Vamshi
CA Final
★ 14K+
1
89
Mergers, Acquisitions and Corporate Restructuring
AFM
answered on 27-Nov-25 10:21
Hello sir, In these questions it is clearly mentioned that weights are to be taken on the swap ratio for book values. Then why ICAI has considered on the book value per share. In the exam should which one should we follow?
latest answer
Both questions say clearly that the swap ratio is weighted average of 3 value BVPS, EPS & MPS. That is what they have done too. What is the query? i have not understood
Shreyas Nayak
CA Final
★ 0
1
87
WC
AFM
answered on 26-Nov-25 17:32
Sir,why are we showing only incremental wc ? we should show total amount right? [Video Time Stamp: 30:00]
latest answer
oh yes ,yes. thank you sir.
Sahal Shalu
CA Final
★ 0
2
93