Clarification regarding NBFC Minimum Net Owned Fund.

ICAI module says it is 2 crore, then it says for certain NBFCs it is 10 crores.

So end conclusion we have to follow 2 crores only. All ICAI questions are solved as per that.

As per rbi website 10 crore will take time to get implemented, it will be from 2027, so let's just ignore 10 crores.

Must watch 1 Min Video
https://www.youtube.com/live/JbFdj8ynGR8?feature=shared&t=41702s

To understand this all in one link.
https://tinyurl.com/cafinalallinone

Negative Wordings For Assurance is Used in Following Standards

SRE 2400
SRE 2410
SAE 3400 on Assumptions

Must Remember things in Audit

-- All SA Numbers & Name
-- PE Clauses
-- CARO Clauses
-- Clarifications of clause 6 and 7
-- Council General Guidelines 2008

40 Hrs Still Left
Even if you Remove 12 Hrs of Rest. Still you have 28 Hrs.

It's a good time to revise the whole subject. Ideally you get only this much time to revise whole subject.

Don't go indepth, have overviews.

Just remember key points to focus on. You have to write in own good audit language. Cramming is not solution.

Use our any SA or Chapter pdf file. IMP marking PDF Files.

Plan it wisely. Use our 3 day plan for time allocation planning.

https://tinyurl.com/cafinalallinone

Chapter wise weightage and strategy. Ch 1 to 11 are SAs 12 to 18 Other chapters Ch 19 Professional Ethics.

Ch 1 SQC 1 and SA 220
Ch 2 SA 240 250 260 299 402
Ch 3 SA 300 600 610 620 540 520
Ch 4 SA 315 SA 320 SA 330
Ch 5 SA 500 501 505 510 530 550
Ch 6 SA 560 SA 570 SA 580
Ch 7 SA 700 701 705 706 710 720 Co Audit CARO
Ch 8 SA 800 805 810
Ch 9 SRE 4400 4410
Ch 10 SRE 2400 2410
Ch 11 SAE 3400 3402 3420
Ch 12 Digital Audit
Ch 13 Group Audit
Ch 14 Bank Audit & NBFC
Ch 15 PSU
Ch 16 Internal Audit
Ch 17 DD Investigation Forensic Audit
Ch 18 ESG
Ch 19 Professional Ethics

When you don't know answers 😔

What to do ?

Think about

- All SAs in a sequence
- All PE Clauses
- All Caro Clauses
- All Co Act Relevant Sections

Generate beautiful answer, write your own AUDIT language.

Show full confidence and write 1.5 to 2 pages for 4 marks and so on.

Beautiful answers get 25-30 % marks even if they are not bang on target.

Self Confidence, Strong Mindset, Super Energy and Execution will make you damn successful.

RT

When you do RTP MTP don't judge your knowledge, you are trying to do 3 hr thing in 30 minutes, with majority batteries discharged, learn from it.

Real war is tomorrow not today, don't unnecessarily demoralise yourself.

Back yourself, be super confident, go for kill, high confidence will make your recall something which you read 1 year back.

You are the best
You have done loads of hardwork
Trust yourself, boost yourself.

RT

Now is the time to trigger positive affirmations, say it n number of times.

"aasan hai, history create karenge"

RT

List of All SAs SREs SAEs & SRSs with name and number.

See this link

https://www.icai.org/Resources.html

All my best wishes and blessings are with you guys.

Stay confident, back yourself, be superb. You can do it. It's your time to create history.

Have amazing time in audit.

All the best.

RT

Paper 6 IBS Audit Index Ravi Sir Audit Titanium Concept Book

Updated with Latest Video Links

CA Inter

Revise Any Concept Any SA Any Chapter Any Part

https://t.me/AuditGuru/4398

Revise Any IMP Questions Any SA Any Chapter Any Part

https://t.me/AuditGuru/4399

CA Inter Audit FADU Chartbook May 24 Exams