Advanced audit paper ca final may 2017

Page no : 4

Sanjay Venkatesh (CA (Final) CS (Prof)) (72 Points)
Replied 07 May 2017

5(c) Tax audit report without statutory audit report?


Raghav Biyani (6 Points)
Replied 07 May 2017

guys......don't carry audit paper in your minds now...instead do law well and score more.

Raghav Biyani (6 Points)
Replied 07 May 2017

tell me one thing...what should be read in winding chaper as i have not covered all topics across that chapter so suggest me some significant topics so that i can focus on those only.


Sanjay Venkatesh (CA (Final) CS (Prof)) (72 Points)
Replied 07 May 2017

Overriding pref payments
Fraudulent preference
Defunct company/striking off of names
1 Like

Raghav Biyani (6 Points)
Replied 07 May 2017

thanks a lot...Mr. Sanjay



rajatsharma (article assistant) (75 Points)
Replied 07 May 2017

tax auditor & financial auditor have different objectives & both these audit is governed under separate law i.e IT LAW & company act ,2013. there is no restiction even tax auditor can perform his task & issue tax audit prior to financial audit. even tax audit is not completed with in time stipulated in income tax act1961, then entity is liable to pay fixed penalty. 

so , tax auditor can issue his tax audit report normally.

 

1 Like

mukund (student) (24 Points)
Replied 08 May 2017

They have mentioned firm audit.. So stat audit is not applicable to a firm. So nyways the ans wud hv been positive dat tax auditor can issue his audit report

Anirudh Srikanth (Student) (29 Points)
Replied 10 May 2017

Originally posted by : venkat
In management fraud I meant both points under 240 as and fraud reporting is it correct

Yes. That is the right way to present the answer. SA 240 and Section 143(12) must be neccesarily quoted.

1 Like

Vishnu S.Rathi (Student) (83 Points)
Replied 14 May 2017

can we expect grace marks in audit?
1 Like


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