VERY nice video sir very useful and helpful for interlinking and writing answers all types of questions. Got much more confidence by seeing this. Thanks you so much sir Your PE clause memorization technique are also very useful
Please confirm sir, when the GC assumption is inappropriate and it is disclosed in FS, whether auditor will give adverse opinion or KAM? KAM isn't a substitute of Opinion as per 705.
@@CASanidhyaSaraf Pardon me sir, but i still have doubt, Adverse opinion is based on Material + Pervasiveness of the MM on FS. If auditor has concluded Mgmt use of GC is inappropriate, the same is material in itself. Also, the pervasiveness of depends on 3 things, whether the item impacts many assertions, or whether it consists major part of FS, or Non Disclosure which is fundamental to user understand of transaction or event. Hereby, the inappropriate GC is material and Pervasively affecting FS as a whole, then why we're considering the opinion on the basis of disclosure only?
@@aayushthakur5549 It is based on material misstatement not just any material fact. If it is presented fairly then there is no misstatement hence no Adverse opinion
@@mridulpathak1967 bhai, Misstatement is deviation between amount which should have been accounted as per applicable FRF and amount actually accounted, right? And if I consider Accounting Standards, then, when the GC is inappropriate then the Mgmt should have prepared FS on Realizable basis, but the FS are prepared otherwise, which would result in Misstatement.
@@aayushthakur5549 M.M is not just amount but classification, presentation and disclosure as well. If gc is inappropriate and mgt has not prepared fs as per realisable basis then ur right that auditor will have to modify his opinion. But as per your initial comment gc was inappropriate but it was correctly reflected in fs then in that case no modification needs to be done
Aapse ek request hai Sir ek index banakar , duration 1.5hour please karado ye bhut shi lag rha hai sa ko lekar... But thoda sa detailed dedo 1.5hour Tak with indexation of topics.
This video will simplify key audit standards for your CA Final prep. Watch till the end if you aim to score high in Audit.
The way you integrated the entire subject into a 30 minute video is truly impressive. Thank you!
3:41 Videos starts
I randomly stumbled upon your video, and I’m so glad I did! This was amazing thank you very much sir!
Most welcome dear.
VERY nice video sir very useful and helpful for interlinking and writing answers all types of questions.
Got much more confidence by seeing this.
Thanks you so much sir
Your PE clause memorization technique are also very useful
Sir please make a small video discussing your brahamstra mcq booklet so that we can listen it twice before exam.
Our friend, meteor and Coach
No i mentioned meteor right because you are so swift ❤
Speechless ❤
Sir, thank you so much
Thank you sir🙏🙏🙏🙏
Please confirm sir, when the GC assumption is inappropriate and it is disclosed in FS, whether auditor will give adverse opinion or KAM? KAM isn't a substitute of Opinion as per 705.
If its disclosed in fs then how can u give adverse. Adverse u can give only if its not disclosed
@@CASanidhyaSaraf Pardon me sir, but i still have doubt, Adverse opinion is based on Material + Pervasiveness of the MM on FS.
If auditor has concluded Mgmt use of GC is inappropriate, the same is material in itself.
Also, the pervasiveness of depends on 3 things, whether the item impacts many assertions, or whether it consists major part of FS, or Non Disclosure which is fundamental to user understand of transaction or event.
Hereby, the inappropriate GC is material and Pervasively affecting FS as a whole, then why we're considering the opinion on the basis of disclosure only?
@@aayushthakur5549 It is based on material misstatement not just any material fact. If it is presented fairly then there is no misstatement hence no Adverse opinion
@@mridulpathak1967 bhai, Misstatement is deviation between amount which should have been accounted as per applicable FRF and amount actually accounted, right? And if I consider Accounting Standards, then, when the GC is inappropriate then the Mgmt should have prepared FS on Realizable basis, but the FS are prepared otherwise, which would result in Misstatement.
@@aayushthakur5549 M.M is not just amount but classification, presentation and disclosure as well. If gc is inappropriate and mgt has not prepared fs as per realisable basis then ur right that auditor will have to modify his opinion. But as per your initial comment gc was inappropriate but it was correctly reflected in fs then in that case no modification needs to be done
Sir where I will get SAE revision audio note?
thanks
Woww❤
Watch after 9:00
Rehem kro sir rehem
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Aapse ek request hai Sir ek index banakar , duration 1.5hour please karado ye bhut shi lag rha hai sa ko lekar...
But thoda sa detailed dedo 1.5hour Tak with indexation of topics.
Thank you sir🙏