CA Inter Audit Chapter-5 Revision Marathon | ICAI Exam Oriented Revision May 2024 | Neeraj Arora
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- čas přidán 31. 05. 2024
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🚀 Important Links for CA Inter May 2024 Students- bit.ly/3JSBqgX
At Intermediate Level, Auditing & Ethics is Paper-5 which is of 100 Marks.
As per the New Course Syllabus of ICAI, CA Inter Audit has been renamed as CA Inter Auditing & Ethics. Now, the CA New Course Syllabus has been divided into 11 Chapters. In this video, we will be revising Chapter-5 of CA Inter Audit which is Audit of Items of Financial Statements.
Timestamps-
00:00 Introduction
01:00 Assertions
08:01 Audit of Share Capital
19:35 Audit of Reserves and Surplus
23:18 Audit of Borrowings
28:48 Audit of Trade Receivables
35:55 Audit of Cash and cash equivalents
42:21 Audit of Inventories
01:00:16 Audit of Tangible Fixed Assets
01:10:41 Audit of Trade Payables and Other Current Liabilities
01:25:09 Audit of Loans and Advances and Other Current Assets
01:30:50 Audit of Provisions and Contingent Liabilities
01:34:15 Audit of Sale of Products and Services
01:47:56 Audit of Purchases
01:54:03 Audit of Other Income comprising interest income, dividend income, Gain/ Loss on sale of investments
01:57:06 Assertion Miscellaneous Part and questions discussed
02:04:43 Audit of Depreciation and Amortisation
02:10:07 Audit of Employee Benefits Expenses
02:14:23 Disclosures relating to Micro and Small Enterprises
***********
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🚀 Important Links for CA Inter May 2024 Students- bit.ly/3JSBqgX
Security premium account technique
DROPS
D. Discount
R. Redemption of preference share
O. Own share
P. Preliminary exp
S. Bonus Shares
00:02 Revision of Chapter 5 for CA Inter Audit
02:00 Importance of presentation and disclosure in OCAC
06:01 Auditing statement items and expenses
08:06 Revision of Chapter 5: Off share capital and General Procedures
12:13 Company issuing shares at a discount
14:19 Guidelines for reduction of share capital discussed in detail
18:28 Understanding Prevention of Money Laundering Act
20:07 Understanding the utilization of capital reserve
23:20 Study four topics; audit assurance, rights, obligations, valuation, presentation, disclosure
24:55 Understanding the direct confirmation procedure and completeness audit process
28:23 Understanding the importance of disclosure in exams.
30:10 Importance of proper internal control
33:28 Understanding sales increase through credit and associated risks
35:09 Debtor identification process and valuation methodology
39:14 Focus on being solution-oriented for career growth
40:56 Verification of bank statement and online access
44:14 Participation in the Count test importance emphasized
45:51 Understanding non-financial information review and the cut off test in audit.
49:12 Understanding inventory valuation and cost management
50:47 Understanding inventory valuation methods
54:26 Verification of Account Sales and Inventory Details
56:05 Contract terms and valuation importance
59:37 Understanding the auditor's actions and impact
1:01:26 Audit procedures for verification and recording of Property, Plant, and Equipment (PPE)
1:04:48 Understanding and checking the completeness of financial schedules
1:06:28 Understanding the procurement process and documentation approval
1:09:54 Understanding the Register of Charges
1:11:27 Purpose of financial derivatives and current liabilities
1:14:24 Balances are being withdrawn through general entry
1:16:09 Vendor confirmation process and management exceptions
1:19:09 Auditor's review of expenses and liabilities post balance sheet date
1:20:39 Audit procedures for liabilities and write-backs
1:23:53 Understanding the concept of reasonable assurance in audit.
1:25:32 Importance of proper recording and reporting in Audit
1:28:40 Discussion on approval in board meeting
1:30:19 Understanding provision, liability, and contingent in audit
1:33:28 Review important tax calculations and compliance checks.
1:35:10 Understanding audit processes and control testing
1:38:19 Revision of Sales Audit and Revenue Recognition
1:39:59 Focus on sales returns validation to prevent revenue overstatement
1:43:31 Audit procedures for sales and GST verification
1:45:06 Audit procedures for transaction tracing and revenue recognition
1:48:27 Overview of audit procedures and controls
1:50:05 Understanding Presentation and Disclosure in Financial Reporting
1:53:29 Understanding and recognizing different types of income and gains
1:55:08 Understanding Mutual Funds Audit Steps
1:58:23 The video discusses explicit and implicit assertions and their implications.
2:00:02 Understanding going concern in audit reports
2:03:05 Importance of inventory verification in audit process
2:04:41 Understanding auditing of Depreciation and Amortization
2:07:59 Key points in CA Inter Audit Chapter-5
2:09:35 Understanding and testing internal control for employee benefit expenses
2:12:37 Summarizing salary processing, retirement benefits, and expense analysis
2:14:03 Importance of disclosing various expenses separately
Crafted by Merlin AI.
0:00 Introduction
1:00 Assertions
8:01 Audit of Share capital
19:35 Audit of R & S
23:18 Audit of Borrowings
28:48 Audit of Trade receivables
35:55 Audit of Cash & cash equivalents
42:21 Audit of inventories
1:10:41 Audit of Trade payables and other current liabilities
1:25:09 Audit of loans and advances and other current assets
1:34:15 Audit of sale of products & services
1:47:56 Audit of Purchases
1:54:03 Audit of other income
1:57:06 Assertion misc. Part & ques discussed
2:04:43 Audit of Depreciation and amortization
2:10:07 Audit of employee benefit expenses
2:14:23 disclosure relating to Micro and small enterprises
🙏 dhynwaad sirji ..
Mjaa agya itna simple lgrha h y ch ab 💙💙💙💙
thank u sir ........wo video aagaya !!
@Neeraj Arora sir, there is an error in the vid, audit of other expenses have not been added
most awaited chapter 🥲
Sir please SM ki rivision videos available karva do 🥹 please ❤
YES SIR SM REVISION LECTURES NEEDED
Yes sir
Yr chapter aata hai
SM chapter 3 and 5 uploaded 👍🏻please check 😊
Thank you sir
You made learning this chapter fun.. it felt so heavy when i started it, but now it feels like ,the crux of auditing subject we are putting in real life. Thankyou so much Sir ji😇
sir please provide evaluated test series (unscheduled) for may24 ..because some students like me purchased class lately that why not able to give tests on scheduled dates...please provide evaluated unscheduled tests or that mulyankan series tests group wise..
Thankyou so much sir ❤
Thank you so much sir
Sir yeh Jo notes aap use krhe ho woh kaha available hai ??
thank you sir❤
Application of securities premium
MT:: BBPP
B-- BUY BACK
B-- BONUS SHARES
P-- PRELIMINARY EXPENSES WRITEOFF
P-- PREFERENCE SHARE REDEMPTION
1:50:46 special guest 😂😂
legend 💗
42:26 inventory
Yeh video ke notes sir ne kahi pe upload kiye hai kya guys?
1:14:55 Direct Confirmation TP&OL
Sir ye handwritten notes kaha pe available hai
Sir ne jo notes use kiye hai uska pdf kha mil skta hai please help
✦
Revision of Chapter 5 for CA Inter Audit
00:02
✦
Importance of presentation and disclosure in OCAC
02:00
✦
Auditing statement items and expenses
06:01
✦
Revision of Chapter 5: Off share capital and General Procedures
08:06
✦
Company issuing shares at a discount
12:13
✦
Guidelines for reduction of share capital discussed in detail
14:19
✦
Understanding Prevention of Money Laundering Act
18:28
✦
Understanding the utilization of capital reserve
20:07
✦
Study four topics; audit assurance, rights, obligations, valuation, presentation, disclosure
23:20
✦
Understanding the direct confirmation procedure and completeness audit process
24:55
✦
Understanding the importance of disclosure in exams.
28:23
✦
Importance of proper internal control
30:10
✦
Understanding sales increase through credit and associated risks
33:28
✦
Debtor identification process and valuation methodology
35:09
✦
Focus on being solution-oriented for career growth
39:14
✦
Verification of bank statement and online access
40:56
✦
Participation in the Count test importance emphasized
44:14
✦
Understanding non-financial information review and the cut off test in audit.
45:51
✦
Understanding inventory valuation and cost management
49:12
✦
Understanding inventory valuation methods
50:47
✦
Verification of Account Sales and Inventory Details
54:26
✦
Contract terms and valuation importance
56:05
✦
Understanding the auditor's actions and impact
59:37
✦
Audit procedures for verification and recording of Property, Plant, and Equipment (PPE)
1:01:26
✦
Understanding and checking the completeness of financial schedules
1:04:48
✦
Understanding the procurement process and documentation approval
1:06:28
✦
Understanding the Register of Charges
1:09:54
✦
Purpose of financial derivatives and current liabilities
1:11:27
✦
Balances are being withdrawn through general entry
1:14:24
✦
Vendor confirmation process and management exceptions
1:16:09
✦
Auditor's review of expenses and liabilities post balance sheet date
1:19:09
✦
Audit procedures for liabilities and write-backs
1:20:39
✦
Understanding the concept of reasonable assurance in audit.
1:23:53
✦
Importance of proper recording and reporting in Audit
1:25:32
✦
Discussion on approval in board meeting
1:28:40
✦
Understanding provision, liability, and contingent in audit
1:30:19
✦
Review important tax calculations and compliance checks.
1:33:28
✦
Understanding audit processes and control testing
1:35:10
✦
Revision of Sales Audit and Revenue Recognition
1:38:19
✦
Focus on sales returns validation to prevent revenue overstatement
1:39:59
✦
Audit procedures for sales and GST verification
1:43:31
✦
Audit procedures for transaction tracing and revenue recognition
1:45:06
✦
Overview of audit procedures and controls
1:48:27
✦
Understanding Presentation and Disclosure in Financial Reporting
1:50:05
✦
Understanding and recognizing different types of income and gains
1:53:29
✦
Understanding Mutual Funds Audit Steps
1:55:08
✦
The video discusses explicit and implicit assertions and their implications.
1:58:23
✦
Understanding going concern in audit reports
2:00:02
✦
Importance of inventory verification in audit process
2:03:05
✦
Understanding auditing of Depreciation and Amortization
2:04:41
✦
Key points in CA Inter Audit Chapter-5
2:07:59
✦
Understanding and testing internal control for employee benefit expenses
2:09:35
✦
Summarizing salary processing, retirement benefits, and expense analysis
2:12:37
✦
Importance of disclosing various expenses separately
2:14:03
AI Generated hai
Sir , when can we expect new revision videos for ca final??
Sir please upload SM revision 🙏
Thank you so much sir ❤❤❤❤
Hey ! Can you let me know where can I avail the free resources?
Where can i order this book ??
Sir iss chapter ke chart form wale notes kaha se milega,
How do I access the free resources?
From where I can get that chart notes ?
sir, please sm ka revision lelo iss baar new haii syllabus and we need you sir!!!!
Where can I find the notes?
ye Inventory main, third party & consignment wala topic, book main nhi m ila.
sir free resources ka link kaha hai?
Isme MSME wala topic covered nahi hai sir
Sir, please upload final revisoon videos too.
Ye notes kaha se milengi jo sir ne use ki hai ?
Sir Bank audit
Auditor's report revision
Application of security premium account
BPEBP
Bonus share
Prelimnary exp
Expenses of commision paid or discount allowed
Premium payable
Buy back
Sir audit ke remaining chapter ki bhi revision vedio bhi dal do
Sir, how can i get your book???
Ye notes kahan milenge?? please koi batado
29:00
Where is audit of intangible assets?
10:44
Please please please connect with advocate mam and with support of all faculties, we request you to give a strong opposition to the decision of non exam postponement
Aya maza
Sir can you provide notes of this lesson please🙏🏻
2:10:04
sir audit of other expense ka topic nhi karwaya isme aapne
Ye wala chart kha se milega
Notes mil sakte hai kya
Chapter- 🙏10🙏
10:31 preliminary bonus share ko disc pe ya premium p buyback karo
Thank you bhai gjb trick h❤❤
ankita patni students😂😂❤❤
@@chinmay2905 🤣
Sm revision video sir plzz
Sir yahi chap ka toh compilation chaiye thaa
Sir can you please share this pdf
1:50:52 🤡🤡☠☠😂
Thanks a lot for this video! Sir, revision of other points such as Benami Property, Ratios, CSR and Struck off companies .., are not included.
Let me check.
Thank You for uploading them sir! 😊
sir chapter 5 notes please
sir exam time me kaise yaad aayenge ye points🥲🥲
sir jahn ocaccp hona chahiye whn inhone occp dia hai , toh ye yad kese rahega kahn sirf occp ayega ya ocaccp?
ye yaad rkhne ki jarurat nhi hai ki kha occp diya hai and kha ocaccp diya hai aap sari jagah ocaccp likh ke aa jao to be safe
At least provide the pdf of this chapter
32:39 😂
01:50:00 sir ka puppy to audit seekh hi lega sun sun ker
Kuch yaad nhi ho raha
Disclosures kaha se karna hai ??????????????????????????
Chod de
Sir ap chuna laga rhe hai 😂,
wahi rivision yeha per combine kr diy 😂😂
*Not hate , but sir you are also a Audit lenged 💌
Haan toh why do u think, new videos will be made
@@ridhamjain719 no broh , i am just representing my clean opinion 😂
@@singh054 u sure have SAAE for your opinion
Ye notes kaha se milenge?
did u get?
sir ye short notes(handwritten) apne student ko provide kiyahai kya aapne?
yes
@@rashikankariya251 ye notes kaha pe available hai
@@krishnadevbag7181 sir na google drive link ma hai
@@rashikankariya251 can you share it plzz ??
@@rashikankariya251 can you please share
Kyun kyunse chapters ki revision videos dekhli hai? Let me know in the comments.
Ch 9❤
Chapter 3 sir
Ch 8
Sir CH 3 AND 4 pls🤓😬🙏
Ch 4
SECURITY PREMIUM - RIP BB
1:11:00
Thank you sir
Thank you sir
Thank you sir
thank you so much sir