(CA Inter)May26/Sep26

Must make fast revision of Chapter 1,2,6,11

SA 299 ( Joint Auditor ) Check this SA once again 🔥

As per ICAI exam evaluation pattern- if student identifies the SA asked in the question and write objective of that standard then he ends up scoring at-least one mark. So we have compiled the content accordingly for all standards. Give 30 mins to this to Glance it through...You will feel better...

Expecting one direct question from this part for 6 marks 💫

Don't miss 💥Automated environment topic is most important 💥

Benifit of understanding of ic

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

This will help you in boosting up your confidence ✅

Must must do guys ✅ Ankit oberoi sir yt par Test your knowledge wale questions karwa rahe hai ✅ wo session lagalo

Save your 6 marks 30 minutes

CARO 2020 Quick Revision in 30 mins by CA Pragnesh Kanabar https://youtu.be/UosKTAZW_7g

Kon kon bhul Raha hai 😂?

CARO Memory Code

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.