(CA Inter)May26/Sep26

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.

Number of Teachers > Number of students 😂 Har koi teacher ban Raha hai aajkal 😂

Ye wale topics miss mat kardena bus

😎 Important chapter for case study MCQ question 💥 Bank audit ( topic given above) https://t.me/CA_INTER_IMP_QUESTION/1978 💥Chapter 3 ( this chapter is important for case study based questions, MCQ part ) Sampling risk, Romm, sampling methods , automated environment... 💥Chapter 5 th Assertion ( hope for 1 or 2 questions based on Assertion from this chapter ) 💥 Chapter 11 Topics Independence of auditors Threats to independence 💥Chapter 8 Caro 2020, Opinion ( whether it is qualified/unqualified/ disclaimer/adverse) Give 🔥 🔥 https://t.me/CA_INTER_IMP_QUESTION

SA 260

SA 230