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CA Final Audit Discussion Group

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  • 2 months, 1 week ago
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  • Profile picture of Sourav Girdhar

    Does anyone have a difference between the table of Audit committee, N&RC, SRC and Risk Management Committee as per the latest study material

  • MNO Ltd. is a company engaged in the manufacture of Kids toys. The
    company sells its goods on credit basis. M/s. Ajay Vijay & Associates
    have been appointed as statutory auditors of MNO Ltd. for the FY 2019-
    20. During the course of audit, CA Ajay, the engagement partner asks
    the management about the email addresses of trade receivables of…Read More

  • VKPL & Associates, a firm of Chartered Accountants, have been
    operating for the last 5 years having its office in Gurgaon. The firm has
    staff of around 25 persons with 3 Partners.
    The firm has been offering statutory audit, risk advisory and tax services
    to its various clients. The major work of the firm is for taxation services.
    The…Read More

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  • AS PER CLAUSE (XV) OF PARAGRAPH 3 OF THE CARO, 2016, THE AUDITOR IS REQUIRED TO REPORT ON:

    a) Whether the title deeds of immovable properties are held in the name of the company. If not,
    provide the details thereof.

    b) Whether the company has entered into any non-cash transactions with directors or persons connected with him

    c) Whether…Read More

  • M/s Ram Raj & Associates have been appointed as statutory auditors of
    Venus Ltd. for the FY 2019-20. During the year, the company has
    entered into some related party transactions. CA Ram, the engagement
    partner has taken a management representation letter regarding the
    proper accounting, presentation and disclosure of such related party…Read More

  • Before concluding the audit, there was a difference of opinion between the audit committee
    and the auditors as to which among the following are the areas which the auditor should
    take into account to determine “Key Audit Matter” as per SA 701:
    (I) The effect on audit of significant transactions that took place in the FY.
    (II) Areas of high ris…Read More

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This group is for CA Final Old & New Syllabus Students to discuss about Audit subject doubts or queries.

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