Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Popular Search: cpt :: TDS :: articles on VAT and GST in India :: list of goods taxed at 4% :: VAT Audit :: ACCOUNTING STANDARDS :: due date for vat payment :: VAT RATES :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company :: form 3cd
« Students »
 Further Relaxation in the eligibility criteria for Direct Entry Students registering from 1st July, 2017 to 31st July, 2017 for appearing in May, 2018 Intermediate Examination under Revised Scheme of Education and Training
 Examination of the Certificate Course on Valuation scheduled on 26th November, 2017
 Admit Card for Intermediate (IPC) and Final November 2017 Examination
 Shifting from one Elective Paper to another Elective Paper under Revised Scheme of Education and Training.
 Announcement for Intermediate (Integrated Professional Competence) Course Students to Commence Practical Training
 Intermediate-Announcement for May, 2018 old and new syllabus
 Certificate Course on Forex and Treasury Management –Forthcoming Batches Mumbai ,Hyderabad, Noida & Kolkata
  November-2017 CA Examinations
 Announcement for ICAI-CAMPUS (August-September, 2017) Aspirants
 Date and Time Schedule for Webcast and Mock Test Papers for May’ 2017 Examination
 Announcement for the Students of CPT level for June, 2017 Examination - Section A: Fundamentals of Accounting

Views about Advanced auditing - A CA (Final) model paper
May, 04th 2009

Give your views on the following:

1 (a) During the course of the audit of a branch of a bank, the branch auditor identifies certain advances as doubtful and does not agree with the classification as standard by the branch manager. How should he proceed? (5 marks)

b) A non-banking finance company does not classify its advances as performing and non-performing assets. How do you react? (4)

c) A private limited company sponsors a road show by a political leader for the election campaign. How do you deal with it as an auditor? (5)

d) A private limited company does not give related-party disclosures saying that the provisions do not apply to a private limited company. How will you proceed? (4)

2) Check if the following constitute professional misconduct on the part of a member of the Institute of Chartered Accountants of India (ICAI):

a) A member seeks the help of another member (who is neither a partner nor an employee of the member) to carry out the statutory branch audit of a nationalised bank. The members agree that they would share the fees for the audit. (5)

b) A member accepts the position as the tax auditor of a firm where his brother holds 35 per cent share. (4)

c) A member in practice pays the stipends to his articled assistants once in 3-4 months, but the overall stipends due are paid. (4)

d) A member holding certificate of practice accepts a position as an independent director of a listed company but does not inform the Institute. (5)

3(a) What is LFAR? Discuss any five important points to be mentioned in it together with the procedures to be followed to comply with it. (10)

(b) What are the areas an insurance company can invest its funds? (6)

4(a) What is peer review? Who should subject themselves to a peer review? (8)

(b) What aspects are to be considered in a due diligence audit for a transferee company? (8)

5(a) What is the objective of social audit? How is it carried out? (6)

b) Discuss the provisions of law for carrying out a cost audit. (5)

c) What is an audit committee? How is an auditor concerned with it? (5)

6(a) An auditor is in a precarious position while conducting a management audit. Comment. (8)

(b) What is an operations audit? How does it help the management? (8)

7(a) How do you decide the acceptability of external confirmations? (6)

(b) How do you guard yourself against frauds and errors during an audit? (5)

(c) Draft a letter of engagement for the statutory audit of a limited company. (5)

8) Write short notes on any four of the following: (4x4) = 16 marks

a) special audit; b) concurrent audit; c) corporate governance; d) flash report; e) volatility margins; and f) practising unit.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Content Management System developers CMS developers Content Management Solutions CMS Solutions CMS India Content Management System India CMS development India Website CMS Website Content Management India Portal CMS India CMS Outsourcing CMS Vendor Complete CMS Custom CMS Services

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions