Giving exams in September and ur videos are very useful!!! Completed 4 chapters of audit from.ur videos....thank you much sir🥺🥺♥️so greatful to u..... Love from Aurangabad, Maharashtra
Its my pleasure! Happy to hear that these videos are helpful to you! All the best for exam! Hope you will the pass the exam in upcoming attempt with very good marks.
sir 34:25 yaha pr likha hai after the date of AUDIT REPORT to iska mtlb audit report issue hone ke baad like mera doubt yeh h jo likha hai yaha after the date of audit report to iska mtlb audit report public ke avl hone ke baad ya phir internaal mgt ko issue hone ke baad prior to external public TAB YEH SB KRNA HAI ASSEMBLE >>? plz bta dijiye
Audit report date is the date on which Auditor signs the audit report. Then Auditor sends it to Management, then it may be approved in AGM etc. But it is not auditor's duty. So Documentation needs to be completed/ assembled within 60 days or to be retained for 7 years from audit report date. Hope your doubt is clarified! Feel free to reach out for more clarifications ! Thanks
sir i am appearing for sept 2024 attempt i started preparing for G2 since the result was out... i want to appear for sep 2024 as win win situation. do you think that these lectures would help me get a rough draft about all chapters ??
These lectures are covering all the concepts, questions from ICAI Module I around 60 Hours, these are kind of detailed, to the point lectures, it will help you to understand whole audit. Further I have uploaded revision videos from Notes compiled by me from ICAI Module, covered in around 25-30 hours. Following is the link of it: ru-vid.com/group/PLux8FsMkulSVowfZ87jRGVACDjOU4sx4O&si=pGAE_VLFAyAQmX3X All the best
There is one question asked in July21 Documentation of audit plan serves as a record of the planned NET of RAP and FAP at assertions level in responsednto assessed risk. What all activities in planning phase should form part of auditors documentation? State with examples. Could u pls tell What should be ans as per may24 bcz that part is nowhere mentioned in module In my opinion I think these points should come 1) involvement of experts 2) determination of materiality etc Correct me if I am wrong
Following ans is given in the Suggested Ans, right? The documentation of the audit plan is a record of the planned nature, timing and extent of risk assessment procedures and further audit procedures at the assertion level in response to the assessed risks. Example The following things should form part of auditor’s documentation: • A summary of discussions with the entity’s key decision makers. • Documentation of audit committee pre-approval of services, where required. • Audit documentation access letters. • Other communications or agreements with management or those charged with governance regarding the scope, or changes in scope, of our services. • Auditor’s report on the entity’s financial statements. • Other reports as specified in the engagement agreement (e.g., debt covenant compliance letter). We also need to consider this ans only, and consider this que and ans after reading Ch. 2. This que is neither given in old module nor given in new module, so this was asked in the exam and we need to consider this answer only. Hope your doubt is clarified! Feel free to reach out for more clarifications! Thanks
Also tell me sir , is it sufficient if I do only module questions and not from pyq rtp and all because the syllabus is changed?? Or is it need to prepare that also
No need to read previous year questions, as there are some changes in new course and it may affect adversely. Focus on all concepts of Module that is the most important. RTP and MTP questions of new course should be considered.
You may ignore them as they would not be asked directly in the new course considering MTP -1 of May-24 attempt. If you cover all the topics/ concepts of module then almost all the questions of correct/ incorrect will be covered, no need to read them again/ seprately. Hope your doubt is clarified.
Thanks for your patience. Part 1 of Chapter 2 is uploaded: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-InClDpTPjSQ.html Stay tuned for upcoming lectures. Thanks.
Full Chapter 2 is uploaded, you may refer following link: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-hEubPhjJcxI.html Even concept wise videos of Ch. 3 are started to be uploaded: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-7aJcksertKE.html Thanks.
Sir in case study 2 agar wo working papers after audit report daalti hai par usme audit report Dene se phle ki date hai i.e original tab to thik rehta na?? Wo permissible hainai
Agar CA ne working papers banaye baad main jaisa question mai diya hai, par date audit report ke pehle ki ya fir within 60 days jo allowed hai, vo agar daali hai to vo paper evidences ke hisab se to barabar hai! Par yeh SQC 1 ki jo requirement hai uss hisab se to galat hai kyunki unhone audit quality maintain ki hogi uske upar bhi doubt hoga... matlab ethically galat hai... shayad pakde nai jaayenge... Agar aisa kuch question puche to aapko saare hi relevant provisions mention karne hai aur fir open ended answer likh sakte hai. Hope your doubt is clarified! Feel free to reach out for more clarifications! Thanks.
@@CAKrupenYHathi but within 60 days b allowed ni hona chyie na I think bcz documentation should be done along with audit, 60 days to assembly krne ka hai na
Yes, that's correct within 60 days from audit report assembly of audit file needs to be completed that is just administrative process, jisme kuch documents sign karna vagera ho sakta hai jaise ki completion check list to vo baad main sign hua ho... to vahan par audit report ke baad ki date ho sakti hai... Baki audit ke pehle ki hi date honi chahiye, jo audit evidences hai usme to... Hope your doubt is clarified! Feel free to reach out for more clarifications! Thanks
I'll check out the possibilities of the same, as it is very much time consuming process! Hope you will understand the same. I'll check out any other solution as well. Thanks for the suggestion!
