(CA Inter)Jan 27/Sep26
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CA Intermediate ‼️‼️ Free Important questions list Thanks 😊 ✅ Non promotional page 📄 Message here @CA_Students_1_bot Admin :- Nikhil Yadav and Mansi Bhanushali and Gem bro , Shivam Yadav
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Audit risk is the risk
That auditor expresses
An inappropriate
Audit opinion
When FS are materially mis stated
Important questions!!
🔥 Methods of Evaluation of Internal control?
💥Internal control questionnaire
💥Check list
💥 Narrative record
💥Flow chart
Memory trick 💫
Internal check narrative flow
Must must do guys ✅
Ankit oberoi sir yt par Test your knowledge wale questions karwa rahe hai ✅ wo session lagalo
CARO 2020 Quick Revision in 30 mins by CA Pragnesh Kanabar
https://youtu.be/UosKTAZW_7g
Code to remember CARO clauses- PIL 185- Deposit the Cost of Government Taxes due to Undisclosed Default Misuse and Fraud by Nidhi’s Relatives Internally in Non-Cash Transactions with NBFC incurring Losses. Statutory Auditor Should Resign due to such Material Uncertainty and do some CSR against his Adverse remarks.
i) P- Property Plan and Equipment
ii) I- Inventory
iii) L- LIGS- Loans Investment Guarantee and Security given
iv) 185- Section 185 and 186 of Companies Act, 2013
v) Deposit- Compliance with Deposit taking norms
vi) Cost- Maintenance of Cost records- Section 148
vii) Government taxes- Regularity in Payment of Statutory Dues.
viii) Undisclosed- Income Surrendered under Income Tax Act
ix) Default- In repayment of dues
x) Misuse- of Funds of IPO/FPO/Private placement
xi) Fraud- Fraud reporting
xii)Nidhi- Compliance with Nidhi Company Norms.
xiii) Relatives- Related Party Norms and disclosure in the FS.
xiv) Internally- Internal Audit System
xv) Non- Cash Transactions- Section 192 of Companies Act 2013
xvi) NBFC- RBI guidelines compliance by NBFC.
xvii) Incurring losses- Cash Loss incurred.
xviii) Statutory Auditor should resign- Resignation by Statutory auditor
xix) Material Uncertainty- over Going concern.
xx) CSR- amount unspent on ongoing CSR projects.
xxi) Adverse remarks- on the CARO of components FS.
Number of Teachers > Number of students
😂 Har koi teacher ban Raha hai aajkal 😂
