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

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For CA Final

Practical Problem in implementing cl 8 & cl 9 , part I, first schedule

https://auditguru.in/question/cl-9-part-1-first-schedule/
For Everyone

Many doubts of company audit will get resolved if students realise that rotation is not applicable to all companies, then you will realise why sections have particular drafting.

https://auditguru.in/question/sec-1404/
For CA Final

CA CA write CS & CMA as his qualifications below designation ?
Yes / No and valid reason for both.

https://auditguru.in/question/letters-indicating-qualifications/
For CA Final

Understand group level materiality and its application

https://auditguru.in/question/audit-of-cfs-materiality-consideration/
For CA Final

Can CA in practice or not in practice can take COP of BAR council of India and work as Advocate ?

https://auditguru.in/question/ca-not-in-practice-can-go-for-practice-as-an-advocate/
For CA Final

Recent clarification by ICAI, can ca in practice trade in derivatives ? can he trade in commodity derivatives ? can he trade for clients ?

https://auditguru.in/question/cno-713-relating-to-clause-11-part-1-first-schedule/
For CA Final

Detailed & Conceptual Analysis & Conclusion on Lecturership & Tutorship under clause 11

https://auditguru.in/question/clause-11-part-1-first-schedule/
For CA Final

Lot to learn from this CARO case asked in Jan 21 Exams (Old Course)

Whether customs duty need regularity reporting ?
Whether filing appeal is mandatory to consider a situation as dispute ?
Whether we have to apply materiality in CARO ?
Whether payment to government companies is statutory due ?

We cover all these while in-depth teaching of CARO.

https://auditguru.in/question/caro-2016-jan-exam-old-syllabus-que-4/
For CA Final

ICAI targeted new concept from SQC-1 in Jan 21 Exams New Course. You may feel it is question of SA 510 but it is not last few lines are evident. It was not in module, it was not in any book. Out of 120 marks few questions will be like this, don't bother much about them. Plan for remaining 90-100 marks. But now this question can be targeted in any question or MCQ.

https://auditguru.in/question/sqc-related-que-1a-jan-new-syllabus-que/
For Everyone

With practical examples difference between performance materiality & tolerable misstatement ?
Including Financial Statement Materiality & Area Level Materiality.

https://auditguru.in/question/difference-between-performance-materiality-and-tolerable-error/
210529_0645
My Recording
For Everyone

Follow this 1 simple but very powerful step to improve your theory expression power and score good marks.
Certified Copy Evaluation

it takes 45-50 minutes to read and analyse each paper, then convey to students in detail what has gone wrong and how to improve. its a complete process, unfortunately , our team is extremely short of time. hence we had specific service for certified copy evaluation by trained CAs. but due to COVID cases in team we had to shut it.
so now students have to do it themselves

Step 1- Take prints of certified copies & suggested answers
Step 2- Ask your 2-3 friends to help divide paper between them
Step 3 - First read suggested answer line by line with full understanding and then read your paper, this should be done simultaneously, discuss issues and go to root cause of problems.
Step 4 - Make list of issues and its solutions in given time.

Ideally student should spend 3-4 hours in this whole process. but it will be really effective, if you do it.
For CA Final

What do you mean by Infrastructure Debt Fund (IDF)- NBFC, understand with practical example.

https://auditguru.in/question/idf-nbfc-meaning/
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