AuditGuru | CA Ravi Taori | AIR
28K subscribers
1.66K photos
78 videos
334 files
2.15K links
Regular Audit Updates / Tips / Videos / Notes for CA Inter & CA Final Audit
by CA Ravi Taori

Ask doubts & queries @
"Auditguru.in/discussion-points"
use it for speedy doubt solving.

Admin:- 9322011915
Ravi Sir:- 9096000033
Download Telegram
Finding Solutions in Challenges

🌟 We all struggle, we all get stuck in problems, we face challenges, we feel things are impossible, we think they are beyond our reach.

But deep down if you believe "There is a solution to every problem" 🧠, you just need to think it out, your brain will show it sooner or later. πŸš€

#BelieveInSolutions #PositiveMindset #OvercomeChallenges πŸ’ͺπŸ”πŸŒˆ
Ace CA Inter Audit with Ravi Taori

https://tinyurl.com/InterMN24
See the upcoming challenge as a reminder, not a stressor.

Your hard work and belief in yourself will turn every step into a path to success.
Keep pushing ahead with determination! πŸ’ͺπŸ“šπŸŒŸ

#YouCanDoIt #StayPositive
Nov 23 Exams, Last Day Plan, CA Final Audit

Best Last Day Strategy & Resources

(All videos have chapterwise time stamps)

FADU Chart Revision Playlist (All Concepts FAST)
https://youtube.com/playlist?list=PLKMBwBTqMPhvvxW5-W5lB5NFZF6bfxX3L

FADU Chart Revision (IMP Concepts)
Part 1 β€” https://youtu.be/D9XH7XcrAig
Part 2 β€” https://youtu.be/661jh_G95XQ

250+ IMP Question Video
Part 1 β€” https://tinyurl.com/FM23PARAM
Part 2 β€” https://tinyurl.com/FM23PARAM2

Ch-Wise Audio Revisions
https://t.me/AuditGuru/3363

100 Most IMP MCQs from ICAI Booklet
https://t.me/AuditGuru/3358?single

ABC Analysis (Past 7 Attempts)
https://t.me/AuditGuru/3351

Chapterwise IMP Concepts
https://t.me/AuditGuru/3343

250+ IMP Question PDF
https://t.me/AuditGuru/3245

Amended Soft Copies of FADU Chart Book, Param Question Bank, Bhaskar Concept Book

https://t.me/AuditGuru/3800

NBFC and Other Amendments Video
https://youtu.be/DKWmAVpot74

Corporate Governance Chart (Amended)
https://t.me/AuditGuru/3340

Peer Review Chart (Amendment Only)
https://t.me/AuditGuru/3392

Get all our resources at one place
http://tinyurl.com/AuditGuruAllinOne

CA Final Auditβ€” Last Day Revision Strategy

(Simply Click Blue Text for Videos & Audios)

Use FADU Chart Revision (Adjust Speed As Per Comfort) + Use Audio Revisions For Chapters Not Covered in FADU + Cover IMP Questions Side by Side)

Total Buffer Time of 230 Minutes Which You can use as required in Below Schedule, when ever you fall behind. So you have buffer of almost 4 hours.

Day-1 β€” After SFM

Slot-1 β€” 7 PM to 10:30 PM

Professional Ethics 210 Min (FADU 160 Min)

Slot-2 β€” 10:30 PM to 12 PM & 7:00 Am to 8:30 AM

Co Audit (Including Dividend & NFRA) β€” 180 Min (FADU 30 Min Dividend & NFRA Not Covered in FADU Chart Book)

Day-2 β€” 1 Day Before Audit

Slot-3 β€” 8:30 AM to 12:30 PM

CARO β€” 45 Min (FADU 20 Min)

SA 300 Series β€” 120 Min (FADU 50 Min)

SA 400 Series β€” 20 Min (FADU 10 Min)

SA 600 Series β€” 30 Min (FADU 30 Min)

Slot-4 β€” 12:30 PM to 4:00 PM

SA 700 Series β€” 60 Min (FADU 40 Min)

Audit of CFS β€” 20 Min (Audio 13 Min)

Liability of Auditor β€” 15 Min (FADU 10 Min)

Internal Management & Operational Audit β€” 20 Min (FADU 20 Min)

NBFC β€” 25 Min (Audio 25 at 1.2x Speed)

Peer Review β€” 20 Min (FADU 20 Min)

Amendment of Peer Review (Not Covered in FADU Video, Covered in FADU 2.0 Charts) β€” (15 Min, 1.5x 10 Min)

Quality Review β€” 20 Min (FADU 15 Min)

Slot-5 β€” 4:00 PM to 7 PM β€” (90 Min Buffer & Excess Time in AAE Chapter, You can Use it Else Where As Required)

Audit Committee & Corporate Governance β€” 60 Min (FADU 50 Min)

Amendment of Audit Committee & Corporate Governance (SEBI LODR) (Not Covered in FADU Video, Covered in FADU 2.0 Charts) β€” (25 Min , 1.5x 15 Min)

Audit in Automated Environment β€” 30 Min (No FADU & No Audio, Focus on IMP Questions)

Slot-6 β€” 7:00 PM to 12 AM (20 Min Buffer Time)

Tax Audit β€” 60 Min (FADU 60 Min)

PSU β€” 30 Min (FADU 20 Min)

Due Diligence β€” 15 Min (FADU 10 Min)

Investigation β€” 15 Min (FADU 15 Min)

Forensic Audit β€” 15 Min (FADU 15 Min)

SA 500 Series β€” 135 Min (FADU 90 Min)

Day-3 β€” Exam Day When Finally Studies get Over :)

Slot-7 β€” 7:00 AM to 10:30 AM

SA Intro & SQC 1 β€” 10 Min (No FADU & No Audio, Focus on IMP Questions)

Risk Assessment & Internal Control β€” 10 Min (Apart from SA Based Topics) (No FADU & No Audio, Focus on IMP Questions)

Planning Strategy Execution β€” 10 Min (Apart from SA Based Topics) (No FADU & No Audio, Focus on IMP Questions)

Insurance β€” 65 Min (Audio 45 Min, 1.2x 35 Min)

Bank Audit β€” 65 Min (Audio 50 Min 1.2x 40 Min)

SA 200 Series 60 Min ( FADU 60 Min)

Slot-8 β€” 10:30 AM to 12:30 PM

Buffer Time β€” Use it for important things not yet covered

For Doubts Post in "Audit" Topic of this Group

https://t.me/cafinalravitaori

All the Best
When you are going through hectic schedule. Make this change.

Replace your 5-10 minutes Internet time, Break time with Short NAP 😴 time.

Nothing else can be so refreshing and rejuvenating. Do it multiple times as you get time.

Don’t bombard yourself with useless infinite internet information and get further tired.

#SmallChange #BigImpact
Clarification on Tax Audit MCQ ICAI Answer is Correct


The maximum amount of salary, bonus, commission or other remuneration to all the partners during the previous year should not exceed the limits given below:

Net Profit Given = 15,00,000

Net Profit Before Partners Salary = 15,00,000 + 30,00,000 = 45,00,000

On first 3 lakhs of book profit or in case of loss – β‚Ή 1, 50,000 or 90% of book profits (whichever is higher).
On the balance book profit 60% of book profit.

Salary for 1st 3,00,000 Profit = 2,70,000
for balance 42,00,000 x 60% = 25,20,000
total allowable = 27,90,000

total salary paid 2,5 lakhs x 12 months = 30,00,000

inadmissible 30,00,000 - 27,90,000 = 2,10,000

Answer should be (b)


Thanks to @Shubham Singhal Sir for clarity 😊
2 Min very important video for Nov 23 Exams

Repeat Magic Statement, Students Have Achieved Success Through This Formula

https://youtu.be/lf48-V5ADIk
Get instant relief. if you are feeling anxious, tensed disturbed, put the emotions, situation in writing and also write down root causes. Moment you crystalise it, it is the moment you accept it and get solution for it. You can use monkkee.com its free secret online diary.

RT
Nov 23 Exams, Last Day Plan, CA Final Audit

Best Last Day Strategy & Resources

(All videos have chapterwise time stamps)

FADU Chart Revision Playlist (All Concepts FAST)
https://youtube.com/playlist?list=PLKMBwBTqMPhvvxW5-W5lB5NFZF6bfxX3L

FADU Chart Revision (IMP Concepts)
Part 1 β€” https://youtu.be/D9XH7XcrAig
Part 2 β€” https://youtu.be/661jh_G95XQ

250+ IMP Question Video
Part 1 β€” https://tinyurl.com/FM23PARAM
Part 2 β€” https://tinyurl.com/FM23PARAM2

Ch-Wise Audio Revisions
https://t.me/AuditGuru/3363

100 Most IMP MCQs from ICAI Booklet
https://t.me/AuditGuru/3358?single

ABC Analysis (Past 7 Attempts)
https://t.me/AuditGuru/3351

Chapterwise IMP Concepts
https://t.me/AuditGuru/3343

250+ IMP Question PDF
https://t.me/AuditGuru/3245

Amended Soft Copies of FADU Chart Book, Param Question Bank, Bhaskar Concept Book

https://t.me/AuditGuru/3800

NBFC and Other Amendments Video
https://youtu.be/DKWmAVpot74

Corporate Governance Chart (Amended)
https://t.me/AuditGuru/3340

Peer Review Chart (Amendment Only)
https://t.me/AuditGuru/3392

Get all our resources at one place
http://tinyurl.com/AuditGuruAllinOne

CA Final Auditβ€” Last Day Revision Strategy

(Simply Click Blue Text for Videos & Audios)

Use FADU Chart Revision (Adjust Speed As Per Comfort) + Use Audio Revisions For Chapters Not Covered in FADU + Cover IMP Questions Side by Side)

Total Buffer Time of 230 Minutes Which You can use as required in Below Schedule, when ever you fall behind. So you have buffer of almost 4 hours.

Day-1 β€” After SFM

Slot-1 β€” 7 PM to 10:30 PM

Professional Ethics 210 Min (FADU 160 Min)

Slot-2 β€” 10:30 PM to 12 PM & 7:00 Am to 8:30 AM

Co Audit (Including Dividend & NFRA) β€” 180 Min (FADU 30 Min Dividend & NFRA Not Covered in FADU Chart Book)

Day-2 β€” 1 Day Before Audit

Slot-3 β€” 8:30 AM to 12:30 PM

CARO β€” 45 Min (FADU 20 Min)

SA 300 Series β€” 120 Min (FADU 50 Min)

SA 400 Series β€” 20 Min (FADU 10 Min)

SA 600 Series β€” 30 Min (FADU 30 Min)

Slot-4 β€” 12:30 PM to 4:00 PM

SA 700 Series β€” 60 Min (FADU 40 Min)

Audit of CFS β€” 20 Min (Audio 13 Min)

Liability of Auditor β€” 15 Min (FADU 10 Min)

Internal Management & Operational Audit β€” 20 Min (FADU 20 Min)

NBFC β€” 25 Min (Audio 25 at 1.2x Speed)

Peer Review β€” 20 Min (FADU 20 Min)

Amendment of Peer Review (Not Covered in FADU Video, Covered in FADU 2.0 Charts) β€” (15 Min, 1.5x 10 Min)

Quality Review β€” 20 Min (FADU 15 Min)

Slot-5 β€” 4:00 PM to 7 PM β€” (90 Min Buffer & Excess Time in AAE Chapter, You can Use it Else Where As Required)

Audit Committee & Corporate Governance β€” 60 Min (FADU 50 Min)

Amendment of Audit Committee & Corporate Governance (SEBI LODR) (Not Covered in FADU Video, Covered in FADU 2.0 Charts) β€” (25 Min , 1.5x 15 Min)

Audit in Automated Environment β€” 30 Min (No FADU & No Audio, Focus on IMP Questions)

Slot-6 β€” 7:00 PM to 12 AM (20 Min Buffer Time)

Tax Audit β€” 60 Min (FADU 60 Min)

PSU β€” 30 Min (FADU 20 Min)

Due Diligence β€” 15 Min (FADU 10 Min)

Investigation β€” 15 Min (FADU 15 Min)

Forensic Audit β€” 15 Min (FADU 15 Min)

SA 500 Series β€” 135 Min (FADU 90 Min)

Day-3 β€” Exam Day When Finally Studies get Over :)

Slot-7 β€” 7:00 AM to 10:30 AM

SA Intro & SQC 1 β€” 10 Min (No FADU & No Audio, Focus on IMP Questions)

Risk Assessment & Internal Control β€” 10 Min (Apart from SA Based Topics) (No FADU & No Audio, Focus on IMP Questions)

Planning Strategy Execution β€” 10 Min (Apart from SA Based Topics) (No FADU & No Audio, Focus on IMP Questions)

Insurance β€” 65 Min (Audio 45 Min, 1.2x 35 Min)

Bank Audit β€” 65 Min (Audio 50 Min 1.2x 40 Min)

SA 200 Series 60 Min ( FADU 60 Min)

Slot-8 β€” 10:30 AM to 12:30 PM

Buffer Time β€” Use it for important things not yet covered

For Doubts Post in "Audit" Topic of this Group

https://t.me/cafinalravitaori

All the Best
1.5 Days Plan Instructions & Marathon (Short Video)

https://youtu.be/L7UdN2_ktAA
Trading Clarification For CA In Practice -- CA Final
Except NOCLAR Applicability & Peer Review, FADU 2.0 is fully amended. See this link for fully amended FADU

https://t.me/AuditGuru/3800
AuditGuru | CA Ravi Taori | AIR pinned Β«Nov 23 Exams, Last Day Plan, CA Final Audit Best Last Day Strategy & Resources (All videos have chapterwise time stamps) FADU Chart Revision Playlist (All Concepts FAST) https://youtube.com/playlist?list=PLKMBwBTqMPhvvxW5-W5lB5NFZF6bfxX3L …»
At this point of time, Guys don’t go in-depth , don’t do research. Dont get stuck, post your doubts on below give link and clear them.

Understand overall concept, remember key points to elaborate in answer and go ahead. Remember You have big portion to cover.

For Doubts Post in "Audit" Topic of this Group

https://t.me/cafinalravitaori
Amended Peer Review and Quality Review

https://t.me/AuditGuru/3441