How was CA Final Audit Old Nov 2019 paper
Page no : 2
Munish Singh
(9 Points)
Replied 05 November 2019
Munish Singh
(9 Points)
Replied 05 November 2019
VVVVR
(Article)
(105 Points)
Replied 05 November 2019
1.Initial audit engagement is -- I forgot the answer. 2. Peer review for level 2 entities - review every 4 years 3. Matters included in EOM should not be included - in KAM. 4. SA 720- does not cover after the audit report events?? 5. As per 705 when should you not report under 701 as KAM- WHEN REPORT IS DISCLAIMED. 6. GSTR 9C NOT APPLICABLE- to registered person having turnover below 2 cr. 7. Bank deposits o/s for more than 12 months to be classified as?? 8. What procedure would auditor not take while verifying contingent liability? -- is it comfort letter or provision of frauds? 9. What is not basic element of internal control-- access control . 10 appointment of stat auditors of general insurance company and subsidiaries - and private insurance company -- by c&ag and shareholders at AGM I GUESS. 11. After being appointed for 10 years as auditor in a company? Cooling period of 5 years ?
Nikhil Sodhani
(Freelancer)
(49 Points)
Replied 05 November 2019
Internal Audit Question:- Answer should be Borrowing from bank exceeding 100 cr during preceding FY ( Option of Turnover 200 cr during Current Year was also there) But i Think Borrowing will be right answer.
Hull one - answer should be Marine.
CARO For private Company:- answer is Paid up+ free reserve not exceeds 1 cr. , borrowings not exceeding 1 cr and total revenue not exceeding 10 cr.
Mehta Janvi kamlesh
(Student)
(45 Points)
Replied 05 November 2019
Internal Audit- Answer should have been as soon as total borrowing exceeds 100crs at any time during???
Ashwin Kumar
(48 Points)
Replied 05 November 2019
heta bhatt
(article)
(36 Points)
Replied 06 November 2019
yash shah
(ca)
(57 Points)
Replied 06 November 2019
Rakshitha
(Article Assistant )
(33 Points)
Replied 06 November 2019
Nikhil Sodhani
(Freelancer)
(49 Points)
Replied 06 November 2019
| Originally posted by : yash shah | ||
 |
Answer will be 50 cr paid up share capital Turnover cannot be there because it is of during the year and we have to check for preeceding year And borrowing also because in option they mention the wording as and when exceeds 100 cr but provision is at any point of time |
 |
Btw for Private Company there is no paid up capital provision for Internal Audit...
So answers should be Borrowing or Turnover
Gaurav Thapar
(Student CA Final )
(28 Points)
Replied 06 November 2019
sharath
(i)
(188 Points)
Replied 06 November 2019
then options are wrong, in borrowing they give as and when
Recent Topics
- Share office desk in bkc, near family court
- 80D claim for payment paid by parent
- TDS on purchase of Flat under subvention scheme be
- Nznxnc call me at the end of the day of the
- Nsje snswk fjw ed le ene djff ne enje ejdd rejje
- Hxjcif the day I have been in touch with me and
- Iska djd djrbdsjebshe sir ur rei ejr reinr the jr
- GST registration for medical shop in Karnataka
- Hsshs me know if you are free number of the
- Chu Kang and the situation of the situation and I
Related Threads
CAclubindia
