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

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Different ways of expressing forex rate US dollar to canadian dollar. More relvant for CA Final Students.

1 USD = 1.3 CAD
1 USD Can Buy 1.3 CAD
1.3 CAD per USD
1.3 CAD / 1 USD

Or

1.3 USD/CAD, you will get 1.3 CAD when you go USD to CAD or say convert USD to CAD(This generally confuses everyone, see carefully how it is written and how it is read)

Or
1.3 USD to CAD (going from USD to CAD)

Was solving query of my friend and i came up with following explanation, thought it will be useful for everyone.
😰Negativity Strikes & Kills Enthusiasm & Joy, it happens sometime or other. For some it is more frequent, for some it is less.

💪We have to deal with it and get out of it.

"Find CaSH"

Faith :- Affirm yourself you can do it, you are capable.

Company :- Spend time and talk to those who give you positivity.

Strengths :- You are unique, you have your own strengths and achievements and focus more on them. Respect yourself and be proud of it.

Physical and Mental Health is important, do atleast 1 thing daily for each of them.

Now get your positivity back and keep rocking

CA Ravi Taori
Share in comment which song, gives you peace, energy, positivity and makes you feel happy
Extremely IMP for May 23 Exams. New Qs in May 23 RTP MTPs.

Which ICAI previously didn’t target.

These concepts are present in our concept book.

https://t.me/AuditGuru/3380
Students Are Loving It ❤️ Take Full Benefit 😍
🔥Game Changer | 3X Productivity | Exams | Manage THIS💪

https://youtu.be/2Sx8F5j2UHs
For CA Final
Sum Assured Vs Maturity Value

Sum Assured is what you get when loss happens.

Maturity Value is sum policy holder gets at the end of term of policy even if no loss had occurred.
For CA Final - Shortcut to Remember Sources of Misstatement (SA 450)

MAD Officer at Udaipur is source of misstatement

Misinterpretation & overlooking of facts while making estimates
Accounting policy selection & implementation is inappropriate
Data gathering & processing is inappropriate

Omission of transaction or disclosure

Unreasonable estimates
5 Must-Do's Daily till Exams

1. Fuel your brain with Anjeer and Almonds before Breakfast.

2. Refresh your senses with 5 times face wash during the day.

3. Optimise your health with 1 multi vitamin everyday

4. Nourish your body with a fruit-filled light lunch.

5. Boost your energy with Quick Power Naps to recharge.
Peer Review Amended Charts 👆

Use it with existing fadu charts.