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SA- 530 Audit Sampling

Parminder Singh (744 Points)

05 April 2018

Please explain meaning of, and difference between, Tolerable misstatement vs Tolerable rate of deviation.

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10 Replies

aditi dadhichi (1339 Points)
Replied 05 April 2018

Watch YouTube video of Kapil goyal sir, divakar ne bola tha Acha samjhaya hua h sir ne

1 Like

Parminder Singh (744 Points)
Replied 05 April 2018

video lectures are so long can't spot at what point of time relevant point us being taught. also, aapko pataa hoga toh please likhne ke kasht lo, aapki bhi revision ho jayegi na.

aditi dadhichi (1339 Points)
Replied 05 April 2018

Btaya Toh tha audit ni prepare ki h

Parminder Singh (744 Points)
Replied 05 April 2018

Kab karoge?

aditi dadhichi (1339 Points)
Replied 05 April 2018

Standard Kitni bar padhlu, retain ni rehta h. Ipcc mein bhi samjh ni aya tha final mein bhi ni aya h. Mai khud pareshaan hu, Itni zyada ki panic attacks aa rhe H last two days se. I'm on complete rest as of now. Given up on hope . Bhot tension h

Parminder Singh (744 Points)
Replied 05 April 2018

same here. started audit yesterday, fullcpanic and lost hope. but why suffer/fail coz of 2-3 hopeless subjects out of 8. option to nahi hai karna to padega, aaj nahi to kal varna parso. pass hona hai na. even I'm finding immense difficulty in remembering almost entire portion of audit though we know that most of it is common sense. let's help each other to crack this and strengthen our hope. many times it is said that interaction se yaad rehta hai. for example many queries on company law were posted which I did not know at that time but I looked into the act and answered their queries and because of that merit bhi revision hui and I remember most of it which I earlier was unable to remember. so for your own selfish good please solve my doubt and see if it works for you. advantages of collective learning sharing and helping, which I believe was the pillar of creating this platform.

Divakar (Student CA Final ) (11857 Points)
Replied 05 April 2018

Kapil goyal sir video is very short on every SA... better watch... 20 minutes video on each SA... from SA 60 marks came in CA final paper... In ca final everything is SA... So Prepare urself for that....

1 Like

Parminder Singh (744 Points)
Replied 05 April 2018

Okay thanks I will check on YouTube

CA.ViVeK M ACA (ACCOUNTS DEPARTMENT) (28544 Points)
Replied 17 April 2018

Tolerable mis statements - a monetary amount set by the auditor In respect of which the auditor seeks to obtain an appropriate level of assurance that the monetary amount set by the auditor is not exceeded by the actual mis statement in the population. Tolerable rate of deviations A rate of deviations from prescribed internal controls procedures set by the auditor In respect of which the auditor seeks to obtain an appropriate level of assurance that the rate of deviations set by the auditor is not exceeded by the actual rate of deviations in the population.