AuditGuru | CA Ravi Taori | AIR
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Regular Audit Updates / Tips / Videos / Notes for CA Inter & CA Final Audit
by CA Ravi Taori

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CA Final AUDIT MTP Oct 20 Analysis.pdf
9 MB
Hello Everyone, if possible take print of this file for today's CA Final Session on MTP. Or just open it on different device when you see live MTP discussion. If you are viewing on mobile it may take some time to open. Lets having rocking session :)
Session will on Vsmart Channel, See link below.
CA Final AUDIT MTP Oct 20 Analysis.pdf
9 MB
Hello Everyone, if possible take print of this file for today's CA Final Session on MTP. Or just open it on different device when you see live MTP discussion. If you are viewing on mobile it may take some time to open. Lets having rocking session :)

Session will on Vsmart Channel, See link below

https://youtu.be/u6lHSAxZLpw


We will start at 8pm :)
Which from the following shall never be
considered for Identification of matters which
need significant auditor's attention?
Anonymous Quiz
13%
Significance of Risk
34%
Significance of Management Judgement
13%
Significance of event or transaction
40%
None of the above
"Identify, which from the following risk is the
component of the detection risk:
Anonymous Quiz
52%
Sampling risk
16%
Control risk
18%
Inherent risk
15%
None of the above
CA Inter / IPCC MTP Oct 20, 1 of the MCQs answer is incorrect we have communicated it to ICAI BOS.

And there is one question on SA 600, which is officially not in course of ca inter but now we have to cover it.

We will be issuing shortcuts and charts for all questions of MTP.

Join live session on MTP tomorrow at 8pm, we will be live on youtube on vsmart inter channel and also ravitaori use this link https://youtu.be/fPuHap_hC0o
CA Inter IPCC MTP Oct 20 Analysis Final File.pdf
2.3 MB
Hello CA Inter / IPCC Students :)

Download and print this file for todays 8pm live MTP session or just open it on other device.

We will cover all questions with shortcuts and charts. Special emphasis will be on new questions.

We will try to cover it in least possible time.

Session will be live on youtube, use this link https://youtu.be/fPuHap_hC0o

Lets make it super se upar :)
Casual vacancy (resignation) in the office of
an auditor of a non-government company be
filled by the Board of Directors, appointment shall also be approved by the company at a general meeting __________ of the recommendation of the Board.
Anonymous Quiz
83%
within three months
10%
within six months
1%
within four months
7%
None of the above
In the case of a Government company
auditor shall be appointed within
_____________from the commencement of the financial year.
Anonymous Quiz
7%
a period of one hundred and twenty days
10%
a period of thirty days
63%
a period of one hundred and eighty days
19%
a period of sixty days
Incentive, pressure, opportunity, attitude are the
_______ factors.
Anonymous Quiz
65%
Fraud Risk.
7%
Error Risk.
17%
Risk
11%
Material
An _________is usually a bound book in which a
large variety of matters observed during the
course of audit are recorded.
Anonymous Quiz
63%
audit notebook
9%
completion memorandum
24%
audit memorandum
3%
memorandum notebook
Risk that Internal control system will not be able
to prevent, detect or correct material
misstatement.
Anonymous Quiz
10%
Audit Risk.
37%
Inherent Risk.
14%
Detection Risk
38%
Control Risk
Casual vacancy (in case of resignation) in the
office of an auditor of a government company be filled by the Comptroller and Auditor-General of India within______________
Anonymous Quiz
51%
thirty days
35%
sixty days
12%
ninety days
3%
None of the above
Risk related to which of the following requires
special consideration:
Anonymous Quiz
2%
Complex transaction
6%
Fraud
6%
Significant Unusual transaction
86%
All the above
Identify the correct one:
Planning is not a ________ phase of an audit
Anonymous Quiz
15%
continuous
63%
discrete
13%
iterative
9%
None of the above
Popular question generally asked by students.

How to attempt questions that are appearing for the first time in question paper from any chapter ?

Source of knowledge

Content from
1. Core audit process
2. Whatever Relevant studied in that chapter
3. Common sense

How to write ?

1st Discuss Background or why or logic
2nd Discuss Concept
3rd Give Examples, explain application
4th Discuss Case
5th Write Conditional Conclusions
AuditGuru | CA Ravi Taori | AIR
Identify the correct one:
Planning is not a ________ phase of an audit
As per section 140 of the Companies Act,
2013, auditor appointed may be removed
from his office before the expiry of his term. However prior approval of the ______________ is required.
Anonymous Quiz
1%
State Government
7%
Board of Directors
80%
Central Government
12%
Shareholders