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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 Retention Period For Documents of Compilation
Engagement?
Anonymous Quiz
5%
3 years
59%
7 years
24%
8 years
3%
10 years
7%
As per firms polices and procedures
2%
Not mandatory to retain
For CA Final

Can internal auditor hold shares of company in which he is doing internal auditor as per ESB decisions given in icai module ?
Anonymous Quiz
67%
Yes - He can hold shares
33%
No - He cannot hold share
For CA Final Audit

Can Ext Auditor take direct assistance from internal auditor in area for which he has already reported or going to report to management as per SA 610 ?
Anonymous Quiz
59%
Yes
41%
No
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CA Final Audit Rapid Revision | Nov 24 & May 25 Exams | Ch 02 | Part 02 | CA Ravi Taori | Auditguru

https://youtu.be/1HI5p_OlLKI
For CA Final Audit
As per SQC 1 to reduce familiarity threat senior persons in assignments should be rotated as per firms policy which should not be more than 7 years ? Which option is incorrect ?
Anonymous Quiz
56%
Applicable to audit of listed entity
8%
Applicable to all ca partnership firms
11%
Applicable to ca sole proprietorship firms
25%
All are correct
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No ca final rapid revision class today, we will take SA 610, 620, 540 and 520 tomorrow.
Balancing CA Studies & Relationships | My CA Journey & Life Lessons with CA Ravi Taori


https://youtu.be/vmFjRvMcI5Q
HW Notes of Ch 03 SA 300 600 610 620 540 β€” CA Final Audit

https://t.me/AuditGuru/4743
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For Inter & Final Bothβ€” Audit Risk was decreased from 10% to 3% . Inherent Risk and Controls Risk remain unchanged at 60% and 40% respectively. What is percentage change in acceptable detection risk ?
Anonymous Quiz
13%
41.67 %
15%
20.83%
26%
12.5%
12%
1.25%
20%
29.17%
15%
None of them