In this podcast, we will be discussing SA 265 Communicating Deficiencies in Internal Control to Those Charged with Governance & Management.

SA 265 deals with the auditor’s responsibility to communicate appropriately to TCWG and management deficiencies in IC that the auditor has identified in an audit of FSs.

Objective of auditor as per SA 265

To communicate appropriately to TCWG and management deficiencies in internal control that the auditor has identified during the audit and that, in the auditor’s professional judgment, are of sufficient importance to merit their respective attentions.

To understand the complete SA 265, listen to the podcast.

If you are appearing for the upcoming attempts of ICAI CA Audit Exam then this podcast will definitely be of a great help.

If you are the student of EDU91 for CA Intermediate (till 31st December 2024) then you will get flat 50% off on CA Final Audit Classes.

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All the best. God bless you!

❤️ Neeraj Arora

और हाँ, सीखते रहें, क्यूँकि सीखना शुरू तो जीतना शुरू 🚀

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In this podcast, I have discussed the “Concept of Materiality”. Following topics have been discussed in the podcast-

SA 320 deals with the auditor's responsibility to apply the concept of materiality in planning and performing an audit of financial statements.

The concept of materiality is applied by the auditor both in planning and performing the audit, and in evaluating the effect of identified misstatements on the audit and of uncorrected misstatements, if any, on the financial statements and in forming the opinion in the auditor’s report.

If you are appearing for the upcoming attempts of ICAI CA Intermediate Audit Exam then this podcast will definitely be of a great help.

If you are the student of EDU91 for CA Intermediate then you will get flat 50% off on CA Final Audit Classes.

Also, you can get a hands on experience of Auditing with us.

Planning for ACCA? If yes, then we can learn Auditing together.

Thanks for reading Audit By Neeraj! Subscribe for free to receive new posts and support my work.

All the best. God bless you!

❤️ Neeraj Arora

और हाँ, सीखते रहें, क्यूँकि सीखना शुरू तो जीतना शुरू 🚀

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SA 300- Planning an audit of financial statements deals with the auditor's responsibility to plan an audit of financial statements. It states that objective of the auditor is to plan the audit so that it will be performed in an effective manner.

Planning an audit is necessary to carry out it effectively in a timely manner. Besides ensuring compliance with professional standards, it helps in performing audit engagement effectively.

Update: CA Final Audit Blended Batch starting from 17th June 2024.

Adequate planning benefits the audit of financial statements in several ways, including the following:-

* Helping the auditor to devote appropriate attention to important areas of the audit.

* Helping the auditor identify and resolve potential problems on a timely basis.

* Helping the auditor properly organize and manage the audit engagement so that it is performed in an effective and efficient manner.

* Assisting in the selection of engagement team members with appropriate levels of capabilities and competence to respond to anticipated risks, and the proper assignment of work to them.

* Facilitating the direction and supervision of engagement team members and the review of their work. Assisting, where applicable, in coordination of work done by others such as experts.

Therefore, planning an audit ensures that audit risk is reduced to an acceptable low level. When audit work is adequately and properly planned, it reduces the risk of inappropriate opinion by the auditor.

If you are appearing for the upcoming attempts of ICAI CA Intermediate Audit Exam then this podcast will definitely be of a great help.

If you are the student of EDU91 for CA Intermediate then you will get flat 50% off on CA Final Audit Classes.

Also, you can get a hands on experience of Auditing with us.

Thanks for reading Audit By Neeraj! Subscribe for free to receive new posts and support my work.

All the best. God bless you!

❤️ Neeraj Arora

और हाँ, सीखते रहें, क्यूँकि सीखना शुरू तो जीतना शुरू 🚀

How does this work?

* You subscribe to my write-ups. (No cost at all)

* Check your email after subscribing.

Shift Audit by Neeraj From Promotion or other tabs to your Main Inbox-

* Check whether CA Inter Audit is in the promotion tab.

* Click and Drag it to your Inbox.

* Click yes on Do this for future Dialog box at the bottom left.

Check the instructions in the picture below.

Also - add auditbyneeraj@substack.com to your contacts in your email account.