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Statutory Audit

Excellent commerce point > Statutory Audit
Audit and Auditors ​
20
Jun

Audit and Auditors Question 1.State the procedure for the following, explaining the relevant provisions of the Companies Act, 2013: Appointment of First Auditor, when the Board of Directors did not appoint the First Auditor within one month from the date of registration of the company.Answer:Procedure for appointment of First Auditor:Sec. 139(6) of the Companies Act, […]

Posted in: ca intermediate notes ,
Tags: Audit and Auditors , Audit Report , Audit Rotation , Auditor Appointment , Auditor Duties , CA Exam Prep , ca foundation , CMA Exam Prep , cma foundation , Companies Act , Company Audit , Company Law , Statutory Audit ,
Accounts of Companies​
20
Jun

Accounts of Companies Question 1.XYZ Ltd. wants to maintain its books of account on cash basis, is this a valid act of XYZ Ltd?Answer:Maintenance of Books of account: Sec. 128(1) of the Companies Act, 2013 requires every company to prepare books of account and other relevant books and papers and financial statement for every financial […]

Posted in: ca intermediate notes ,
Tags: Accounts of Companies , Annual Accounts , Books of Accounts , CA Exam Prep , ca foundation , cma foundation , Companies Act , Company Accounts , Company Law , Financial Statements , Legal Compliance , Statutory Audit ,
Nature, Objective and Scope of Audit
31
May

Nature, Objective and Scope of Audit – CA Inter Auditing Notes Question 1.“An auditis independent examination of financial information of any entity, whether profit oriented or not, and irrespective of its size or legal form, when such an examination is conducted with a view to expressing an opinion thereon.”Explain stating clearly how the person conducting […]

Posted in: ca intermediate notes ,
Tags: Audit Evidence , Audit Process , Auditing Principles , CA Inter Audit , Chartered Accountancy Audit Notes , Financial Audit , Importance of Audit , Internal Audit , Nature of Audit , Objective of Audit , Role of Auditor , Scope of Audit , Statutory Audit , Transparency in Financial Reporting , Types of Audit ,