sir 34:25 yaha pr likha hai after the date of AUDIT REPORT to iska mtlb audit report issue hone ke baad like mera doubt yeh h jo likha hai yaha after the date of audit report to iska mtlb audit report public ke avl hone ke baad ya phir internaal mgt ko issue hone ke baad prior to external public TAB YEH SB KRNA HAI ASSEMBLE >>? plz bta dijiye
Audit report date is the date on which Auditor signs the audit report. Then Auditor sends it to Management, then it may be approved in AGM etc. But it is not auditor's duty. So Documentation needs to be completed/ assembled within 60 days or to be retained for 7 years from audit report date. Hope your doubt is clarified! Feel free to reach out for more clarifications ! Thanks
Giving exams in September and ur videos are very useful!!! Completed 4 chapters of audit from.ur videos....thank you much sir🥺🥺♥️so greatful to u..... Love from Aurangabad, Maharashtra
Its my pleasure! Happy to hear that these videos are helpful to you! All the best for exam! Hope you will the pass the exam in upcoming attempt with very good marks.
Sir , in test your understanding 2 Can't we write the reason that she has done changes which are not administrative in nature i.e. changing dates ....i thiught this is reason and ans but in module they have written that it adversly affect quality of audit ... Can i write that provision or i have to write which is in module??? ? ?
Administrative changes in Audit Documentation also need to be made within 60 days from the completion of Audit, it is requirement of SQC 1. However, in the given she have made the changes after around 6 months and also put the current date which is not allowed and also raise doubt on quality of Audit. Hence, given answer from module needs to be considered. For better written answer of similar question, you may refer que 14 from RTP Jan-25, following is the link of RTP Jan-25: resource.cdn.icai.org/82833bos66905-p5.pdf Hope your doubt is clarified! Feel free to reach out for more clarifications! Thanks.
@CAKrupenYHathi SQC 1 is ok but isn't this change non administrative .....then why we cannot mention that changing date is a change nd not admin hence not allowed ??? I have written same ans but in last I have written wrong date is not admin change hence such documentation not allowed INSTEAD OF wrong dates put doubt on quality of audit .........
@@OnepieceisREAL..0 Non-admin changes are not allowed to do after completion of audit. Admin changes are allowed up to 60 days of assembly of audit file. So, in the given case, changes are made after such dates which are not allowed. Hope your doubt is clarified! Feel free to reach out for more clarifications! Thanks.
@@CAKrupenYHathi wooowwww sir thanks for doubt clearing REQUESTING YOU THAT PLZ KEEP THIS FAST DOUBT SOLVING TILL EXAM for us I HAVE TAKEN CLASS BUT THEY DIDN'T TEACH IN APPROPRIATE MANNER ND HASN'T TOUGHT RIGHT CONCEPT I have done concept from u hope u will ans my queries ......🥲🥲🤩🌟❣️
Full Chapter 2 is uploaded, you may refer following link: th-cam.com/video/hEubPhjJcxI/w-d-xo.html Even concept wise videos of Ch. 3 are started to be uploaded: th-cam.com/video/7aJcksertKE/w-d-xo.html Thanks.
You may ignore them as they would not be asked directly in the new course considering MTP -1 of May-24 attempt. If you cover all the topics/ concepts of module then almost all the questions of correct/ incorrect will be covered, no need to read them again/ seprately. Hope your doubt is clarified.
There is one question asked in July21 Documentation of audit plan serves as a record of the planned NET of RAP and FAP at assertions level in responsednto assessed risk. What all activities in planning phase should form part of auditors documentation? State with examples. Could u pls tell What should be ans as per may24 bcz that part is nowhere mentioned in module In my opinion I think these points should come 1) involvement of experts 2) determination of materiality etc Correct me if I am wrong
Following ans is given in the Suggested Ans, right? The documentation of the audit plan is a record of the planned nature, timing and extent of risk assessment procedures and further audit procedures at the assertion level in response to the assessed risks. Example The following things should form part of auditor’s documentation: • A summary of discussions with the entity’s key decision makers. • Documentation of audit committee pre-approval of services, where required. • Audit documentation access letters. • Other communications or agreements with management or those charged with governance regarding the scope, or changes in scope, of our services. • Auditor’s report on the entity’s financial statements. • Other reports as specified in the engagement agreement (e.g., debt covenant compliance letter). We also need to consider this ans only, and consider this que and ans after reading Ch. 2. This que is neither given in old module nor given in new module, so this was asked in the exam and we need to consider this answer only. Hope your doubt is clarified! Feel free to reach out for more clarifications! Thanks
Also tell me sir , is it sufficient if I do only module questions and not from pyq rtp and all because the syllabus is changed?? Or is it need to prepare that also
No need to read previous year questions, as there are some changes in new course and it may affect adversely. Focus on all concepts of Module that is the most important. RTP and MTP questions of new course should be considered.
Sir in case study 2 agar wo working papers after audit report daalti hai par usme audit report Dene se phle ki date hai i.e original tab to thik rehta na?? Wo permissible hainai
Agar CA ne working papers banaye baad main jaisa question mai diya hai, par date audit report ke pehle ki ya fir within 60 days jo allowed hai, vo agar daali hai to vo paper evidences ke hisab se to barabar hai! Par yeh SQC 1 ki jo requirement hai uss hisab se to galat hai kyunki unhone audit quality maintain ki hogi uske upar bhi doubt hoga... matlab ethically galat hai... shayad pakde nai jaayenge... Agar aisa kuch question puche to aapko saare hi relevant provisions mention karne hai aur fir open ended answer likh sakte hai. Hope your doubt is clarified! Feel free to reach out for more clarifications! Thanks.
@@CAKrupenYHathi but within 60 days b allowed ni hona chyie na I think bcz documentation should be done along with audit, 60 days to assembly krne ka hai na
Yes, that's correct within 60 days from audit report assembly of audit file needs to be completed that is just administrative process, jisme kuch documents sign karna vagera ho sakta hai jaise ki completion check list to vo baad main sign hua ho... to vahan par audit report ke baad ki date ho sakti hai... Baki audit ke pehle ki hi date honi chahiye, jo audit evidences hai usme to... Hope your doubt is clarified! Feel free to reach out for more clarifications! Thanks
thank you so much bhaiya..🙏 bhaiya icai module ques+illustrations+examples + last 2 attempts past year ques and latest mtp enough hogi jan 2025 exams ke liye... ja kuch or karna extra pls batna
sir i am appearing for sept 2024 attempt i started preparing for G2 since the result was out... i want to appear for sep 2024 as win win situation. do you think that these lectures would help me get a rough draft about all chapters ??
These lectures are covering all the concepts, questions from ICAI Module I around 60 Hours, these are kind of detailed, to the point lectures, it will help you to understand whole audit. Further I have uploaded revision videos from Notes compiled by me from ICAI Module, covered in around 25-30 hours. Following is the link of it: th-cam.com/play/PLux8FsMkulSVowfZ87jRGVACDjOU4sx4O.html&si=pGAE_VLFAyAQmX3X All the best
I'll check out the possibilities of the same, as it is very much time consuming process! Hope you will understand the same. I'll check out any other solution as well. Thanks for the suggestion!
No disrespect but you are just reading through the book ...that's all ... No proper explanation ... At least elaborate what particular heading is trying to meant ...
Hope you have commented after watching all previous videos or after learning Ch. 1, 11 and 4, and also have watched substantial part of this video as everything is going in some sequence. I think I have tried to clear all the concepts, to be honest I have not covered so many examples to complete these lectures in timely manner. If you have understood Ch. 1, 11 and 4 already, then many concepts are easy to understand. So, I'll recommend you to complete these chapters first, if pending, and also watch this full video, you will be able to understand all the concepts. Still if you have any doubt, feel free to comment, I'll respond for sure. Then if you feel these videos are not as per your requirement, you may find some other videos over internet. All the best.
I'm watching your videos for September 24, ab mujhe esa lag raha hai phle kyu nhi mile ye video 🥺
Koi baat nai, aab to mil gaye, now keep watching and learning!
sir 34:25 yaha pr likha hai after the date of AUDIT REPORT to iska mtlb audit report issue hone ke baad like mera doubt yeh h jo likha hai yaha after the date of audit report to iska mtlb audit report public ke avl hone ke baad ya phir internaal mgt ko issue hone ke baad prior to external public TAB YEH SB KRNA HAI ASSEMBLE >>? plz bta dijiye
Audit report date is the date on which Auditor signs the audit report.
Then Auditor sends it to Management, then it may be approved in AGM etc. But it is not auditor's duty.
So Documentation needs to be completed/ assembled within 60 days or to be retained for 7 years from audit report date.
Hope your doubt is clarified!
Feel free to reach out for more clarifications !
Thanks
@@CAKrupenYHathi got it sir thank you
Thank you so much sir for this amazing lecture..! 😊❤ Very helpfull
Most welcome 😊
Your videos boost my confidence in Audit!!!
Glad to hear that!
Giving exams in September and ur videos are very useful!!! Completed 4 chapters of audit from.ur videos....thank you much sir🥺🥺♥️so greatful to u.....
Love from Aurangabad, Maharashtra
Its my pleasure! Happy to hear that these videos are helpful to you!
All the best for exam! Hope you will the pass the exam in upcoming attempt with very good marks.
1:06:50
Thank you so much sir for all the videos of audit
It's my pleasure
Thank you so much Sir
Most welcome
Sir , in test your understanding 2
Can't we write the reason that she has done changes which are not administrative in nature i.e. changing dates ....i thiught this is reason and ans but in module they have written that it adversly affect quality of audit ...
Can i write that provision or i have to write which is in module???
?
?
Administrative changes in Audit Documentation also need to be made within 60 days from the completion of Audit, it is requirement of SQC 1. However, in the given she have made the changes after around 6 months and also put the current date which is not allowed and also raise doubt on quality of Audit.
Hence, given answer from module needs to be considered.
For better written answer of similar question, you may refer que 14 from RTP Jan-25, following is the link of RTP Jan-25:
resource.cdn.icai.org/82833bos66905-p5.pdf
Hope your doubt is clarified!
Feel free to reach out for more clarifications!
Thanks.
@CAKrupenYHathi SQC 1 is ok but isn't this change non administrative .....then why we cannot mention that changing date is a change nd not admin hence not allowed ???
I have written same ans but in last I have written wrong date is not admin change hence such documentation not allowed INSTEAD OF wrong dates put doubt on quality of audit .........
@@OnepieceisREAL..0 Non-admin changes are not allowed to do after completion of audit.
Admin changes are allowed up to 60 days of assembly of audit file.
So, in the given case, changes are made after such dates which are not allowed.
Hope your doubt is clarified!
Feel free to reach out for more clarifications!
Thanks.
@@CAKrupenYHathi wooowwww sir thanks for doubt clearing
REQUESTING YOU THAT PLZ KEEP THIS FAST DOUBT SOLVING TILL EXAM for us
I HAVE TAKEN CLASS BUT THEY DIDN'T TEACH IN APPROPRIATE MANNER ND HASN'T TOUGHT RIGHT CONCEPT
I have done concept from u hope u will ans my queries ......🥲🥲🤩🌟❣️
Yeah sure!
Kyaa baat hein sir, 🫡
Thanks!
Very informative sir for us thank u😊
Glad that it is helpful to you!
Sir next chapter kab upload hoga?
Thanks for your patience.
Part 1 of Chapter 2 is uploaded:
th-cam.com/video/InClDpTPjSQ/w-d-xo.html
Stay tuned for upcoming lectures.
Thanks.
Thank you sir
Full Chapter 2 is uploaded, you may refer following link:
th-cam.com/video/hEubPhjJcxI/w-d-xo.html
Even concept wise videos of Ch. 3 are started to be uploaded:
th-cam.com/video/7aJcksertKE/w-d-xo.html
Thanks.
There is no need to correct incorrect given in module , pyq RTP etc??? It's been removed right? Should I read it once or fully ignore it?
You may ignore them as they would not be asked directly in the new course considering MTP -1 of May-24 attempt.
If you cover all the topics/ concepts of module then almost all the questions of correct/ incorrect will be covered, no need to read them again/ seprately.
Hope your doubt is clarified.
There is one question asked in July21
Documentation of audit plan serves as a record of the planned NET of RAP and FAP at assertions level in responsednto assessed risk. What all activities in planning phase should form part of auditors documentation? State with examples.
Could u pls tell
What should be ans as per may24 bcz that part is nowhere mentioned in module
In my opinion I think these points should come
1) involvement of experts
2) determination of materiality etc
Correct me if I am wrong
Following ans is given in the Suggested Ans, right?
The documentation of the audit plan is a record of the planned nature, timing and extent of risk assessment procedures and further audit procedures at the assertion level in response to the assessed risks.
Example
The following things should form part of auditor’s documentation:
• A summary of discussions with the entity’s key decision makers.
• Documentation of audit committee pre-approval of services, where required.
• Audit documentation access letters.
• Other communications or agreements with management or those charged with governance regarding the scope, or changes in scope, of our services.
• Auditor’s report on the entity’s financial statements.
• Other reports as specified in the engagement agreement (e.g., debt covenant compliance letter).
We also need to consider this ans only, and consider this que and ans after reading Ch. 2. This que is neither given in old module nor given in new module, so this was asked in the exam and we need to consider this answer only.
Hope your doubt is clarified!
Feel free to reach out for more clarifications!
Thanks
Also tell me sir , is it sufficient if I do only module questions and not from pyq rtp and all because the syllabus is changed?? Or is it need to prepare that also
No need to read previous year questions, as there are some changes in new course and it may affect adversely. Focus on all concepts of Module that is the most important. RTP and MTP questions of new course should be considered.
Sir in case study 2 agar wo working papers after audit report daalti hai par usme audit report Dene se phle ki date hai i.e original tab to thik rehta na?? Wo permissible hainai
Agar CA ne working papers banaye baad main jaisa question mai diya hai, par date audit report ke pehle ki ya fir within 60 days jo allowed hai, vo agar daali hai to vo paper evidences ke hisab se to barabar hai!
Par yeh SQC 1 ki jo requirement hai uss hisab se to galat hai kyunki unhone audit quality maintain ki hogi uske upar bhi doubt hoga... matlab ethically galat hai... shayad pakde nai jaayenge...
Agar aisa kuch question puche to aapko saare hi relevant provisions mention karne hai aur fir open ended answer likh sakte hai.
Hope your doubt is clarified!
Feel free to reach out for more clarifications!
Thanks.
@@CAKrupenYHathi but within 60 days b allowed ni hona chyie na I think bcz documentation should be done along with audit, 60 days to assembly krne ka hai na
Yes, that's correct within 60 days from audit report assembly of audit file needs to be completed that is just administrative process, jisme kuch documents sign karna vagera ho sakta hai jaise ki completion check list to vo baad main sign hua ho... to vahan par audit report ke baad ki date ho sakti hai... Baki audit ke pehle ki hi date honi chahiye, jo audit evidences hai usme to...
Hope your doubt is clarified!
Feel free to reach out for more clarifications!
Thanks
thank you so much bhaiya..🙏
bhaiya icai module ques+illustrations+examples + last 2 attempts past year ques and latest mtp enough hogi jan 2025 exams ke liye... ja kuch or karna extra pls batna
Ho sake to RTPs and MTPs of May-24, Sept-24 and Jan-25 should be completed!
@@CAKrupenYHathi ok bhaiya
sir i am appearing for sept 2024 attempt i started preparing for G2 since the result was out... i want to appear for sep 2024 as win win situation. do you think that these lectures would help me get a rough draft about all chapters ??
These lectures are covering all the concepts, questions from ICAI Module I around 60 Hours, these are kind of detailed, to the point lectures, it will help you to understand whole audit.
Further I have uploaded revision videos from Notes compiled by me from ICAI Module, covered in around 25-30 hours. Following is the link of it:
th-cam.com/play/PLux8FsMkulSVowfZ87jRGVACDjOU4sx4O.html&si=pGAE_VLFAyAQmX3X
All the best
@@CAKrupenYHathi thank you so much sir❤
sir examples yaad karna necessary nhi hai na its only for better understanding?
Which examples are you asking about?
Hi sir..can please provide the English subtitles for your full lectures (currently available)videos may help for South Indian students..
I'll check out the possibilities of the same, as it is very much time consuming process! Hope you will understand the same.
I'll check out any other solution as well.
Thanks for the suggestion!
Hope you provide English subtitles to the full lectures like afforsaid for sep24..
❤❤
No disrespect but you are just reading through the book ...that's all ... No proper explanation ... At least elaborate what particular heading is trying to meant ...
Hope you have commented after watching all previous videos or after learning Ch. 1, 11 and 4, and also have watched substantial part of this video as everything is going in some sequence. I think I have tried to clear all the concepts, to be honest I have not covered so many examples to complete these lectures in timely manner.
If you have understood Ch. 1, 11 and 4 already, then many concepts are easy to understand. So, I'll recommend you to complete these chapters first, if pending, and also watch this full video, you will be able to understand all the concepts.
Still if you have any doubt, feel free to comment, I'll respond for sure.
Then if you feel these videos are not as per your requirement, you may find some other videos over internet.
All the best.
Nice sir
Glad that it is helpful to you!