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

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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
Whether explicit statement is required in audit report as per SA 620 that there is no reduction in responsibility of auditor even when reference is given to expert’s report ?
Anonymous Quiz
36%
It is understood principle no need to specify it explicitly.
64%
Explicit statement is required in audit report.
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For CA Final and Inter - Which of the following makes control environment strong ? Consider all elements of internal control system. (Guys these are difficult ones, don't expect this level in exams)
Anonymous Quiz
21%
Risk Management Committee of Company
34%
Segregation of Duty
10%
Appointing Expert for Cyber Security Evaluation
15%
Monthly seminars on ethical values, rewards and punishments
20%
Clearly defined roles and responsibilities of accounting teamBroadcast
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For CA Final
Flowchart should include list of questions which are answered by studying that flowchart as per Ch 4 ?
Anonymous Quiz
29%
No, don't mix different techniques unnecessarily.
71%
Yes it's good thing it acts are guidance to persons referringflowchart.
AuditGuru | CA Ravi Taori | AIR
For CA Final
Flowchart should include list of questions which are answered by studying that flowchart as per Ch 4 ?
Every good thing if consumed in excess becomes poison. Food, water, vitamins, sleep, studies, mobile phone, internet, ott, videos, GF, BF etc. So set some limits time wise or feel wise after which you need to take break from it.

So regularly have no food (fasting) no mobile & internet (e-fasting) etc. Further on daily basis just keep them out of sight and out of reach to reduce, control your consumption.

Balance of things will make life peaceful yet moving at crushing speed.

RT