For audit,

Paper pattern and chapters name for Exemptions will share by tonight and important topics list will be forwarded in 10 mins

Stay tuned 😉

COST AND MANAGEMENT ACCOUNTING SEPTEMBER, 2024 IMPORTANT QUESTIONS AND TOPICS LISTS ACCURACY

PAPER PATTERN

70% ACCURACY

https://t.me/CANOTESCOMMUNITY/13563

IMPORTANT QUESTIONS LIST

80% ACCURACY

[SIMILAR QUESTIONS]
https://t.me/CANOTESCOMMUNITY/13492

IMPORTANT QUESTIONS LISTS FOR LAST 1.5 DAYS

70% ACCURACY

[SIMILAR QUESTIONS]
https://t.me/CANOTESCOMMUNITY/12978

IMPORTANT CHAPTERS FOR EXEMPTION

100% ACCURATE [ 💯 ]

https://t.me/CANOTESCOMMUNITY/13565

EXAM DAY MORNING TIP

100% ACCURATE [ 💯 ]

https://t.me/CANOTESCOMMUNITY/13572

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If you are facing issue to find this topics, will share module references in while 👍

SA 500

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Remember this thought of the day🙈
After cost May'24 exam!! 😅

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CA INTERENDIATE - IMPORTANT QUESTIONS LISTS

AUDITING AND ETHICS
[MODULE - I]

CHAPTER 01. NATURE, OBJECTIVE AND SCOPE OF AUDIT
- Objective of an Audit
- Scope of Audit
- Benefits of Audit
- Qualities of Auditor
- Engagement and Quality Control Standards

CHAPTER 02. AUDIT STRATEGY, AUDIT PLANNING AND AUDIT PROGRAMME
- Benefit of Audit Planning
- Audit planning – A Continuous Process
- Overall Audit Strategy – Assistance to Auditor
- Benefits of Audit Strategy
- Documenting the Audit plan
- Construction of Audit Programme
- Advantages & disadvantages of Audit Programme

CHAPTER 03. RISK ASSESSMENT AND INTERNAL CCONTROL
- Benchmarks in Materiality
- Objective of SA 330
- Audit Risk
- Limitation of Internal Control
- Components of Internal Control
- What is included in Risk Assessment Procedures?
- SA 330 - Nature & Extent Test of Controls
- SA 320 – Materiality in Planning & performing an Audit
- Key features of an automated environment
- Impact of IT related risks
- General IT controls vs Applications controls
- Testing methods in an automated environment

CHAPTER 04. AUDIT EVIDENCE
• SA 500 – Audit Evidence
- Sufficient and Appropriateness of Audit Evidence
- Reliability
- Audit Procedures for Obtaining Audit Evidence
- Matters Affecting Nature, Time & Evidence
• SA 501 – Audit Evidence – Specific Considerations for Selected Items
- Matters relevant in Planning Attendance at Physical Inventory Counting
- Inventory under custody of 3rd Party
- Segment Information
• SA 505 – External Confirmation
- Designing Confirmation Requests
- Management’s refusal to Allow the auditor to send a confirmation request
- Positive Confirmation requests
• SA 510 – Initial Audit Engagements – Opening balances
- Audit procedures regarding opening balances
- Nature and Extent of Audit Procedures
• SA 530 – Audit Sampling
- Advantages of Statistical may be summarized as follows
- Stratification and Value-weighted selection
- Factors affecting sample size for Test of controls and Test of documents
- Sample selections methods
• SA 550 – Related Parties
- Meaning of Control and significant influence in reference to related party
- How can an audit verify the existence of related party relationships and transactions?
• SA 520 - Analytical Procedures
- Factors to be considered for Substantive Audit Procedures
- Techniques available as Substantive Audit Procedures
- Investigating results of analytical procedures
• SA 610 internal Controls
- External Auditor’s responsibility for the Auditor
- Objectives of the External Auditor, where the entity has an internal audit function
- Circumstances in which External Auditor shall plan to use less of work of Internal Audit function and perform more work directly.

CHAPTER 05. AUDIT OF ITEMS OF FINANCIAL PROGRAMME
• Balance sheet captions
- Share Capital and Reserves & Surplus
- Borrowings
- Inventories
- PPE
- Cash & Cash equivalents
- Trade payables and Other Current Liabilities
• Profit and Loss captions
- Other income
- Employee benefits expenses
- Depreciation and Amortization

CHAPTER 06. AUDIT DOUMENTATION
- Purpose of Audit Documentation
- Factors affecting Form, Content & Extent of Documentation
- Completion Memorandum or Audit Documentation Summary

NOTE:
Important topic lists from Module - II will share soon.

CHANNEL LINK :
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CA Inter Audit 1.5 Day Plan For Sept 24 Exams

With Concept Revision Links and Q&A Revision Links (Updated & Working)

DON'T KNOW ITS RELIABILITY

JUST FOUND ON WHATSAPP

©️ CA KARTHIK MANIKONDA & CA NIVEDITA SANKAR

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SECRET TIP 🙊

AUDITING AND ETHICS

Shh..kisiko btatana mtt 🤫

CHAPTER 05,
CHAPTER 07,
CHAPTER 09, &
CHAPTER 11

issme se 45 marks ka paper aayega😉
Exemptions in audit, update baad me aayeg!! 🤝

*same soon for other subjects!! :)

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CA INTERMEDIATE

AUDIT AND ETHICS

# CARO 2020 SUMMARY

(a) Provisions of CARO are equally applicable in case of branches also, because under sec. 143(8), a branch auditor has same duties as of company auditor.
(b) A company is covered under the definition of small company, it will remain exempted from the applicability of the Order even if it falls under any of the criteria specified for private company.
(c) Paid up capital includes equity as well as preference.
(d) Amount originally paid up on forfeited shares should be added to the figure of paid up capital.
(e) Share Application money should not be considered as part of paid up capital.
(f) Reserves includes Capital reserves, revenue reserves as well as Revaluation Reserves.
(g) Credit Balance of Profit and Loss Account will form part of reserve.
(h) In case of debit balance of profit or loss, same shall be netted for computing reserves & surplus.
(i) Loans from banks and financial institutions are to be considered in aggregate. Financial Institutions will include NBFC.
(j) Loans may be in any form like term loan, demand loans, cash credit overdraft, export credit, bill purchased/discounted.
(k) Non fund-based credit facilities have devolved and have been converted into fund based credit facilities should also be considered as outstanding loan.
(l) Long term loans as well as short term loans, secured as well as unsecured will be considered.
(m) Outstanding dues in respect of credit cards will also be considered.
(n) Interest accrued as well as due does form part of outstanding loan, whereas interest accrued but not due is not considered as loan.
(o) Total revenue as disclosed in Schedule III comprises of Revenue from operations and Other Income.
(p) In respect of a company other than a finance company revenue from operations shall consists of revenue from
(a) Sale of products;
(b) Sale of services; and
(c) Other operating revenues, as reduced by Excise duty.
(q) In respect of a finance company, revenue from operations shall consists of revenue from
(a) Interest; and
(b) Other financial services.
(r) Other income shall consist of the followings:
• Interest Income (in case of a company other than a finance company);
• Dividend Income; • Net gain/loss on sale of investments;
• Other non-operating income (net of expenses directly attributable to such income).

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CA INTERMEDIATE

AUDITING & ETHICS

CARO, 2020 SUMMARY HANDWRITTEN NOTES BY ADMIN

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CA INTERMEDIATE

AUDITING AND ETHICS

CARO, 2020 MEMORY TRICK

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CA INTERMEDIATE

AUDITING AND ETHICS

ICAI, MAY 2024 EXAM MCQS+SOLUTION ONLY ON CNC CHANNEL

https://t.me/CAQUIZZCOMMUNITY/307

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CA INTERMEDIATE

AUDITING AND ETHICS

MOCK TEST PAPERS ANALYSIS – SEPTEMBER, 2024

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CA FOUNDATION

BEST OF LUCK

Dear CA Foundation Students,

May your understanding of supply and demand be as balanced as a perfectly competitive market! Best wishes for your CA Foundation exams in economics. You’ve got this! 🌟📚

Remember, confidence and preparation are key. You’ve put in the hard work, and now it’s time to shine. Good luck! 😊👍

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IMPORTANT ANNOUNCEMENT

JANUARY, 2025 EXAM DATES

CA INTERMEDIATE AND CA FOUNDATION JANUARY,2025 EXAM DATES ARE OUT

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IN ADANCE...

HAPPY MAKAR SANKRANTI 🪁
HAPP PONGAL 🙏

to all CA FOUNDATION STUDENTS who have exams in January, 2025.

On 14th January, 2025, Ab law katega sabka aur patch LAGANE aayega 🙌

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