CA Final with Ankush Chirimar Classes โ™ฅ๏ธ

CA Final with Ankush Chirimar Classes โ™ฅ๏ธ

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ืคืชื— ื‘ื˜ืœื’ืจื
Beta Ltd. has an internal audit department headed by the Chief Internal Auditor.

The Board has assigned the internal audit department the following responsibilities:

evaluate the effectiveness of risk... ืงืจื ืขื•ื“ โ†
During the audit of Zenith Ltd., the external auditor decides to obtain direct assistance from internal auditors.

The external auditor assigns the internal auditors the following tasks:

Selecting... ืงืจื ืขื•ื“ โ†
Alpha Ltd.โ€™s internal audit function reports administratively to the CFO but has unrestricted access to the Audit Committee. The Audit Committee approves the internal audit plan and has the authority... ืงืจื ืขื•ื“ โ†
Students are requesting for โ€œmorning slotโ€ in our upcoming LIVE Streaming Question Bank + Live Streaming Practice Batch for CA Final Novโ€™26 from 1st Septemberโค๏ธ and hence:
We have added 2 Options... ืงืจื ืขื•ื“ โ†
HELLO All ๐Ÿ’ซ

Todayโ€™s Topics with Detailed Revision Videos Link-

SA 610-
https://youtu.be/wbLbQM-6uRE?si=_vjSVmB9CQMF3xuo

Digital Audit -
https://youtu.be/UWc-v37UqPo?si=yAIK8K6Mgy-WQGgv

Internal Audit -
htt... ืงืจื ืขื•ื“ โ†
Omega Ltd. has implemented an automated three-way matching system for purchases.

The system prevents recording of a purchase invoice unless:

the purchase order exists,
the goods-received note is... ืงืจื ืขื•ื“ โ†
A forensic assignment is undertaken to determine whether a company has suffered losses through a suspected fictitious-sales scheme.

The forensic team identifies the following:

Sales invoices are... ืงืจื ืขื•ื“ โ†
The board of directors of Sigma Ltd. receives information suggesting that its purchase manager has been diverting inventory by creating fictitious purchase returns.

The statutory auditor is already... ืงืจื ืขื•ื“ โ†
Alpha Ltd. proposes to acquire 72% of Beta Ltd.

Before deciding the consideration to be paid, Alphaโ€™s management asks a Chartered Accountant to undertake a review of Beta Ltd.

The management... ืงืจื ืขื•ื“ โ†
A Government company, wholly owned by the State Government, incurs โ‚น18 crore on constructing an executive training centre at a location selected by its Managing Director.

The project was approved by... ืงืจื ืขื•ื“ โ†