🎙️ Audit by Neeraj

Hi Guys! In this episode we will discuss what is substantive procedure in audit. If you're liking this podcast, then you will definitely enjoy the detailed lectures of CA Intermediate Auditing by Neeraj Arora Sir. We highly recommend you to check out Edu91's CA Intermediate Audit Classes - https://www.edu91.org/s/store/courses/CA%20Inter%20Audit   If you're interested in taking Audit Practical Tra...

In this episode we will discuss what is the meaning of assurance and we will discuss it in general language.  The motive of this episode is to make everyone understand in easy language that what is the meaning of assurance & auditing.  In general terms assurance means giving an opinion on specific information so that user of that specific information can make well informed decision. If you're liki...

In this episode we will discuss what is the meaning of auditing and we will discuss it in general language.  The motive of this episode is to make everyone understand in easy language that what is done in auditing.  I will not go with the technical definition of auditing at all.  In general terms auditing is all about checking that whether rules and regulations are you can say guidelines or the cr...

Hi guys, in this podcast we're going to discuss this SA 505. This Standard on Auditing (SA) deals with the auditor’s use of external confirmation procedures to obtain audit evidence in accordance with the requirements of SA 330 and SA 500. If you're liking this podcast, then you will definitely enjoy the detailed lectures of CA Intermediate Auditing by Neeraj Arora Sir. We highly recommend you to...

Hi Guys! In this episode of the podcast, we will revise CA Intermediate/Final SA 500 Audit Evidence. SA 500 explains what constitutes audit evidence in an audit of financial statements, and deals with the Auditor's responsibility to design and perform audit procedures to obtain sufficient appropriate audit evidence to be able to draw reasonable conclusions on which to base the auditor's opinion.  ...

Hi Guys! In today's episode, we're going to talk about SA 501. The name of this SA is: AUDIT EVIDENCE — SPECIFIC CONSIDERATIONS FOR SELECTED ITEMS This SA deals with specific consideration by an auditor to obtain sufficient & appropriate audit evidence with aspect to certain aspects of:- Inventory; Litigations & Claims; Segment Information Tune in to the podcast to revise SA 501 in a lucid manner....

In this episode, we're going to talk about SA 220, which is Quality Control for an Audit of Financial Statements. Here we talk about the assignment of engagement teams. SA 220 deals with the specific responsibilities of the auditor regarding quality control procedures for an audit of financial statements where applicable, the responsibilities of the engagement quality control reviewer. Listen to t...

In this episode, we're going to talk about SA 220, which is Quality Control for an Audit of Financial Statements. This is the 2nd part of SA 220, here we talk about the responsibilities of an engagement partner. SA 220 deals with the specific responsibilities of the auditor regarding quality control procedures for an audit of financial statements where applicable, the responsibilities of the engag...

In this episode, we're going to talk about SA 220, which is Quality Control for an Audit of Financial Statements. This is the 1st part of SA 220 podcast, here we talk about the basics of this SA. SA 220 deals with the specific responsibilities of the auditor regarding quality control procedures for an audit of financial statements where applicable, the responsibilities of the engagement quality co...

In this episode, we're going to talk about SA 701, which is Communicating Key Audit Matters in the Independent Auditor’s Report.  We have talked about KeyAuditMatters: Those matters that, in the auditor’s professional judgment, were of most significance in the audit of the financial statements of the current period. Key audit matters are selected from matters communicated with those charged with g...

Hello everyone, welcome to our podcast "Audit By Neeraj". In today's episode, we're going to revise SA 700: Forming an Opinion and Reporting on Financial Statements. SA 700 (Revised) deals with the auditor’s responsibility to form an opinion on the financial statements (FS) and also with the form and content of the auditor’s report issued as a result of an audit of FS. Listen to the entire podcast...

As per SA 240, the responsibility for the prevention and detection of fraud and error rests with the management through the implementation of an adequate system of internal control. Such a system reduces but does not eliminate the possibility of fraud and error. Listen to the entire podcast to revise SA 240. If you're liking our podcast "Audit By Neeraj", then you will definitely enjoy the detaile...

In this episode, we will cover the inherent limitations of auditing. There are four inherent limitations of auditing and all are very important from the exam point of view.  If you're liking our podcast "Audit By Neeraj", then you will definitely enjoy the detailed course of CA Intermediate Auditing by Neeraj Arora Sir. We highly recommend you to check out Edu91's CA Intermediate Audit Classes - h...

As per SA 200, "Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Standards on Auditing", Professional skepticism is an attitude that includes a questioning mind, being alert to conditions that may indicate possible misstatement due to error or fraud, and a critical assessment of audit evidence. If you're liking our podcast "Audit By Neeraj", then you wil...

In this video, we will revise one of the most important concepts in the world of auditing. Audit Procedure and Assertions. Audit procedures are the methods that auditors use for obtaining audit evidence to form a basis for their opinion on financial statements. They are performed in order to test various audit assertions related to a different class of transactions and account balances. Listen to...

Hello guys, in this episode we're going to talk about Audit Risk. Audit risk is the risk that the auditors express an inappropriate audit opinion on financial statements. It is the risk that auditors give an unqualified or clean opinion on the financial statements that contain a material misstatement. This is a very important podcast, this topic looks simple but a lot of students still get confuse...

Hello everyone, In today's episode, we will learn about the flow of events in an audit. We will also discuss the Important SAs. Tune into the podcast and get a good understanding of the topic: Flow of events in Audit. If you're liking our podcast "Audit By Neeraj", then you will definitely enjoy the detailed course of CA Intermediate Auditing by Neeraj Arora Sir. We highly recommend you to check o...

Hi Guys, In this episode, we will learn about the responsibilities of Management, Internal Control and other small topics. We will also discuss the importance of these topics. In the audit subject, if your basics are not clear then you will face difficulty in understanding the practical applicability of the important terms and provisions. Please make sure that you're listening to the podcast with...

In this podcast we have discussed, the types of opinion and the meaning of pervasive with respect to the effect of misstatement on financial statements.  Dive into the field of the audit with us by subscribing to the podcast. Oh by the way, you can download the episodes also so that you can listen to them whenever you want. If you're liking our podcast "Audit By Neeraj", then you will definitely e...

Audit by Neeraj for CA Inter - Chapter 1 - Episode 1. We will be talking about "Nature, Objective and Scope of Audit. This episode will not only help you revise the topics easily but will also lay a strong foundation for further studies in the audit. If you're liking our podcast "Audit By Neeraj", then you will definitely enjoy the detailed course of CA Intermediate Auditing by Neeraj Arora Sir. W...