CA Made with Logicπ
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Welcome to the world π of Audit ππ‘π―. Best Audit classes, and Test series. YouTube: https://youtube.com/@CAMadewithlogic CA Final : https://t.me/camadewithlogicfinal Website : www.camadewithlogic.com Download our app: https://clpjack.page.link/wGWr
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Circular Transaction - Have you come across this term anywhere in Audit? π€
A few students might have guessed it right.
Yes, it is specifically mentioned in SA 550 β Related Parties as an example of a transaction that may occur outside the entityβs normal course of business.
This is one of those hidden concepts that many students tend to overlook while studying.
The takeaway?
Don't just read Audit. Observe it. Connect it. Understand it.
The more you relate audit concepts to practical business situations, the easier they become to remember in the exam hall.
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Not every Qualified Opinion is due to misstatement in numbers.
What exactly happened here?
The company had some issues relating to:
Repossession of a recreational facility by the Tourism Department of West Bengal.
Because of this, the companyβs operations for that facility stopped.
Since the agreement and settlement are not yet finalized, the exact financial impact cannot currently be determined.
Why did auditor give Qualified Opinion?
Because the auditor could not determine the final effect of this matter on the financial statements.
βExcept for this uncertainty/matter, the financial statements are giving a true and fair view.β
Link with the Notes given in our study material.
Study Audit practically and logically so that you understand the concepts instead of cramming them blindly.
Anyone want this book π will to give at free of cost. Just pay the actual delivery π charges.
Two people. Same talent. Completely different paths.
One got the right network, guidance, and opportunities
and landed in a Top 10 CA Audit firm in India.
The other⦠equally capable, equally hardworking but with no connections, no support system, ended up in a small firm, doing limited exposure work.
Not everyone starts with the same advantages.
Not everyone gets exposure to Listed company or big gaint private company Statutory Audit, Internal Audit, Bank Audit or Forensic work during articleship.
And slowly, a feeling starts buildingβ¦
βAm I missing out?β
βAm I falling behind?β
Yes, there may be a gap todayβ¦
But that gap can be bridged.
A long time ago, I had started a channel called βConfidence Articleshipβ Since 2021
But for the last 2-3 years, there was no activity, no content, no direction.
Today, with renewed purpose and clarity,
we are bringing it back.
Mission: To help students from any background, any firm gain great potential exposure to:
- Statutory Audit
- Internal Audit
- Bank Audit
- Practical working & documentation
Now, Iβm looking for students from Top Firms who can take up the role of Admins for this initiative.
If you are someone who is:
Passionate about teaching and guiding others.
Willing to share real, practical audit insights.
Ready to contribute consistently and responsibly.
This is not just about managing a group itβs about helping others bridge the gap and grow together.
Because talent should not be limited by opportunity.
If you believe in this mission.
Letβs build something that truly makes a difference.
Before asking for your rights, first fulfil your duty.
Today is not just another day itβs a chance to shape the future of Tamil Nadu.
Donβt fall for money, influence, or pressure.
Donβt let emotions or bias decide your choice.
Think. Analyse. Decide.
Cast your vote with integrity and responsibility.
Because one right decision today
can create a better tomorrow for everyone.
Choose wisely. Vote responsibly. Be the change.
Today is the Tamil Nadu Election Day a day to bring real change.
Take just 1 hour from your day and go out to cast your vote.
Choose wisely. Donβt fall for money or influence. Stay unbiased and cast your vote responsibly.
Break the chain of generational bias. This time, vote with awareness and independent thinking.
Last 10-12 Days Left this Checklist Can Change Your Result.
Just sharing a quick checklist that can genuinely make a difference in your score.
1οΈβ£ Recent RTP (May 26) is compulsory
Do not skip it non-negotiable. This is one of the most predictable areas in the exam.
2οΈβ£ Donβt just read recent RTP master the concept:
For every concept given in recent attempt RTP, go back to the Study Material and cover all related Q&A.
Depth matters more than just coverage.
3οΈβ£ RTP = Direct scoring opportunity: ICAI consistently picks 1-2 same concepts from RTP (directly).
Thatβs 8-10 marks per subject pure game changer.
Not exaggerating take any past paper and verify it yourself.
4οΈβ£ Focus on sure-shot, high-weightage areas
Prioritize chapters/topics like: CARO 2020, Chapter 1, 11, 6, 2. This alone can fetch you 30 marks if prepared well.
By now, you would have already identified your sure-shot, high-weightage topics.
Use these last 10 days to consolidate and perfect them donβt dilute your focus.
This is not the time to experiment.
This is the time to strengthen what you know will deliver marks.
Darwaza chota hi rehne do apne makaan ka, Jo jhuk kar aa gaya samjho wahi apna hai.
- Gulzar
Itβs Never Too Late
Aakhir mein, yaad rakhiye ki suraj har roz naya nikalta hai.
Kal kya hua, kitne saal beet gaye, isse koi farq nahi padta.
Agar aaj aapke dil mein kisi kaam ko karne ki tadap hai, toh wahi sahi waqt hai.
Hamesha yaad rakhiye: Aapki kahani ka aakhri panna (page) abhi likha jana baaki hai. Use itna shandaar banaiye ki log kahen, βHazaar mushkilon ke baad bhi, isne kar dikhaya.β Sapne expire nahi hote, bas unhe ek nayi shuruaat ki zaroorat hoti hai.
Movies ka first 1.5 hours kitna bekar bhi kyu na ho koi problem nahi hotiβ¦
kyunki final judgement hamesha climax par hota hai π.
Zindagi bhi bilkul aisi hi hai.
Shuruaat chahe kaisi bhi rahi ho, ending powerful honi chahiye.
Abhi jo aap likh rahe ho, wahi aapki story ka climax banega.
Make it worth watching.
New dates. New letter head π. ICAI ka benchmark and quality is increasing day by day.
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