The very precise presentation regarding SA 706. It was prepared for technical session of Article Assistants in N.Kochhar and Co ( Chartered Accountants). Hope it will help you.
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International Staandards on Auditing 200FarhanNasir21
Overall Objectives ISA 200: To obtain reasonable assurance on the financial statements. To report on the financial statements, and communicate as required by the ISAs, in accordance with the auditor's findings
International Staandards on Auditing 200FarhanNasir21
Overall Objectives ISA 200: To obtain reasonable assurance on the financial statements. To report on the financial statements, and communicate as required by the ISAs, in accordance with the auditor's findings
This is a theoretical presentation describes the history of audit and assurance, definition, process of auditing, objectives, responsibilities, expectation gap, audit evidence and how to report the audit paper. This is mainly the vast knowledge about how an auditor performs audit and how the reporting of audit is done.
This presentation explains about the meaning as well as various types of audit report which an auditor has present in his books of accounts for the sake of the company's shareholders and various other groups.
The Auditors Responsibilities Relating to Fraud in an Audit of Financial Stat...Dr. Soheli Ghose Banerjee
This presentation is an overview of SA 240 (R). Prepared with Prof. S. Sircar.
Dr. Soheli Ghose ( Ph.D (University of Calcutta), M.Phil, M.Com, M.B.A., NET (JRF), B. Ed).
Assistant Professor, Department of Commerce,St. Xavier's College, Kolkata.
Guest Faculty, M.B.A. Finance, University of Calcutta, Kolkata
This is a theoretical presentation describes the history of audit and assurance, definition, process of auditing, objectives, responsibilities, expectation gap, audit evidence and how to report the audit paper. This is mainly the vast knowledge about how an auditor performs audit and how the reporting of audit is done.
This presentation explains about the meaning as well as various types of audit report which an auditor has present in his books of accounts for the sake of the company's shareholders and various other groups.
The Auditors Responsibilities Relating to Fraud in an Audit of Financial Stat...Dr. Soheli Ghose Banerjee
This presentation is an overview of SA 240 (R). Prepared with Prof. S. Sircar.
Dr. Soheli Ghose ( Ph.D (University of Calcutta), M.Phil, M.Com, M.B.A., NET (JRF), B. Ed).
Assistant Professor, Department of Commerce,St. Xavier's College, Kolkata.
Guest Faculty, M.B.A. Finance, University of Calcutta, Kolkata
Rodel S. Navarro; Business and Management Consultant and Director; RODEL SY NAVARRO BUSINESS CONSULTANCY SERVICES (RSNBCS); Tel / Mobile: +63-0917-7333563; Email: rsnbcs@gmail.com http://www.slideshare.net/RSNBCS; (About Business Laws compilation): http://www.slideshare.net/BUSINESSLAWSPH Email: businesslawsph@gmail.com; https://www.slideshare.net/FREEPDFBOOKSPH; freepdfbooksph@gmail.com; www.slideshare.net/IFRS_IAS_COMPILED; ifrs.ias.compiled@gmail.com; https://www.slideshare.net/PH_STANDARDSONAUDITING_COMPILED; psauditing.compiled@gmail.com
Complete the multiple choice questions in Exercise 12-15, p. 510.docxsheenaat5wa
Complete
the multiple choice questions in Exercise 12-15, p. 510:
1-10
PLEASE USE APA GUIDELINES
TITLE IT: MULTIPLE CHOICE ASSIGNMENT
12-15 Multiple Choice. Choose the best answer.
1. Budgets of government entities:
Are integrated with the financial accounting system.
Enable governments to demonstrate compliance with laws and to communicate performance effectiveness.
Are adopted by governments after required public hearings.
All of the above.
2. Which of the following statements regarding budgets of not-for-profit organizations is true?
Not-for-profit organization budgets are legal documents reflecting plans for spending resources.
A not-for-profit entity may choose to prepare a budget to demonstrate accountability to its resource providers, such as donors and grantors.
The budgeting approaches used for governments generally cannot be used by not-for-profit entities.
All of the above statements are true.
3. Page 511Which of the following steps would not usually be part of the budgeting process?
Heads of operating departments prepare budget requests.
The chief executive (mayor or city manager, as appropriate) formally adopts the budget, thus giving it the force of law.
One or more public budget hearings are held.
Budget officer and other central administrators review and make adjustments to departmental requests.
4. The budgeting principle in generally accepted accounting principles (GAAP) for state and local governments states that:
The accounting system should provide the basis for appropriate budgetary control.
Budgetary comparison schedules should be presented as required supplementary information for the General Fund and each major special revenue fund that has a legally adopted budget.
Annual budgets should be adopted by each government.
All of the above.
5. The budgetary comparisons required of state and local governments under GASB standards:
Can be presented as a schedule within required supplementary information (RSI) or as a statement in the basic financial statements.
Must be a schedule included as part of RSI.
Continues to be a statement included in the basic financial statements.
Is no longer required.
6. An approach to budgeting that requires the very existence of each program and the amount of resources requested to be allocated to that program to be justified each year is called:
Incremental budgeting.
Zero-based budgeting.
Performance budgeting.
Planning-programming-budgeting.
7. Which of the following does not represent a performance measurement group under the balanced scorecard?
Customer.
Internal business processes.
Economy and efficiency.
Learning and growth.
8. Governments that choose to report service efforts and accomplishments (SEA):
Must adhere to GASB SEA gui.
Audit Reports and Relevant Standards on Auditing (2019)Rohan Tauro
This presentation speaks about SAs 700 (Revised), 701, 705 (Revised) and 706 (Revised) in the context of an Independent Auditor's Report for companies incorporated in India
This slideshare contains all the provision of CARO 2015 which is applicable from 10th of April 2015.
Further relevant extract from Companies Act 2013 has been made.
Various provisions regarding independent director, appointment, qualification, remuneration, duties and roles of Independent director as mentioned in Schedule IV. In case you need this power point presentation, you can comment your email id.
Appointment and Qualification of directors along with relevant rules.Dipendra Prasad Poudel
In this presentation you can find the provisions regarding appointment of directors and their qualifications as per companies act 2013 and relevant rules of Appointment and qualification of directors rules. Due care has been taken to make presentation simple and attractive. Any suggestions, feedback and queries are openly accepted.
Details as per Companies act and CSR Rule has been presented. Readers as well as users are suggested to read the disclaimer carefully before making any decisions based on this presentation
I hope it will be simplified and powerful presentation for all. Rather than adding large texts, here you can find image and graphical presentation.
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Biological screening of herbal drugs: Introduction and Need for
Phyto-Pharmacological Screening, New Strategies for evaluating
Natural Products, In vitro evaluation techniques for Antioxidants, Antimicrobial and Anticancer drugs. In vivo evaluation techniques
for Anti-inflammatory, Antiulcer, Anticancer, Wound healing, Antidiabetic, Hepatoprotective, Cardio protective, Diuretics and
Antifertility, Toxicity studies as per OECD guidelines
Normal Labour/ Stages of Labour/ Mechanism of LabourWasim Ak
Normal labor is also termed spontaneous labor, defined as the natural physiological process through which the fetus, placenta, and membranes are expelled from the uterus through the birth canal at term (37 to 42 weeks
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
A Strategic Approach: GenAI in EducationPeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
Safalta Digital marketing institute in Noida, provide complete applications that encompass a huge range of virtual advertising and marketing additives, which includes search engine optimization, virtual communication advertising, pay-per-click on marketing, content material advertising, internet analytics, and greater. These university courses are designed for students who possess a comprehensive understanding of virtual marketing strategies and attributes.Safalta Digital Marketing Institute in Noida is a first choice for young individuals or students who are looking to start their careers in the field of digital advertising. The institute gives specialized courses designed and certification.
for beginners, providing thorough training in areas such as SEO, digital communication marketing, and PPC training in Noida. After finishing the program, students receive the certifications recognised by top different universitie, setting a strong foundation for a successful career in digital marketing.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
Embracing GenAI - A Strategic ImperativePeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
SA 706," Emphasis of Matter Paragraph and Other Matter Paragraph in the Independent auditors report"
1. Emphasis of Matter Paragraphs and
Other Matter Paragraphs in the
Independent Auditors Report
Prepared and Presented by
Dipendra Prasad Poudel
2. SCOPE
Effective Date
Objective
Various terms and Definition
Application and Other Explanatory material
3. When auditor considers it necessary to draw
users attention to a/any matter:
Presented in financial statement
Other than those presented in financial
statement
5. The main objective of this SA is to draw users
attention, by way of clear additional
communication in auditor’s report:
1. A matter although appropriately presented
or disclosed in financial statements that is
of such importance that it is fundamental
to users understanding of the financial
information
2. As appropriate, any other matter that is
relevant to users understanding of the
audit, the auditor responsibilities or the
auditors report.
6. For the purpose of this SA the following terms
have meaning attributed below.
Emphasis on matter paragraph
Matter appropriately presented or disclosed
in financial statements
In auditors judgment it is fundamental to
users understanding
Other matter paragraph
matter other than those presented or
disclosed
In auditors judgment it is fundamental to
users understanding.
7. When the auditor decide to use emphasis on
matter paragraph the auditor shall:
1. Include immediately after opinion
paragraph in auditors report.
2. Use the heading of “ Emphasis of matter”
or other appropriate heading.
3. Include in the paragraph a clear reference
to the matter being emphasized and to
where the matter can be found
4. Indicate that the auditors opinion is not
modified in respect to matter emphasised
8. The auditor shall include this paragraph
immediately after “Opinion paragraph” or
any “Emphasis on matter paragraph”
The auditor shall use the heading of “other
matter paragraph” or other appropriate
heading.
9. If the auditor expects to include an emphasis
on matter paragraph or other matter
paragraph in the auditors report then
auditor shall
communicate with TCWG regarding this
expectation and proposed wording in the
paragraph
10. Examples of circumstances where the auditor may consider it necessary
to include Emphasis of Matter Paragraph are:
An uncertainty relating to future outcome of an exceptional litigation
or regulatory action.
Early application (wherever permitted) of a new accounting standard
that has pervasive effect.
Including an emphasis of matter paragraphs in auditors report doesn’t
affect the auditors opinion. Emphasis of matter paragraph is not
substitute for either:
Providing qualified, adverse or disclaiming the audit opinion
Disclosure in the financial statements that the applicable financial
reporting frameworks requires management to make
Circumstances where Emphasis on Matter paragraph
may be necessary
11. Circumstances in which Other Matter Paragraph may
be necessary
Relevant to users understanding of audit
In the rare circumstances where the auditor is unable to resign from an
engagement even though the possible effects of unable to obtain SAAE
due to limitation imposed by management in Scope of the audit.
Relevant to users understanding of Auditors Responsibilities or Audit
report.
Law, regulation or generally accepted practice in the jurisdiction
may require or permit the auditor to report or elaborate on matters
that provides further explanation of auditors responsibilities in audit
report.
An other matter paragraph doesn’t deal with the situation where
auditor has other reporting responsibilities that are in addition to
auditors responsibility under the SAs to report the financial
statement.
12. Reporting on more than one set of financial statement
An organization may prepare financial statements in accordance with
general purpose framework (example: national framework) and
another set of financial statement with another general purpose
framework (example : IFRS) and engage auditor to report on both sets
of financial statements
If the auditor has determined both sets of financial statements then
the auditor can insert other matter paragraph and insert the facts.
Restriction on use of auditors report
Financial report prepared for the specific purpose may be prepared in
accordance with the intended users have determined that such general
purpose financial information fulfill their needs.
Since the auditor report is based for specific users the auditor may
restrict the circulation of report and should be used by intended users
only.
13. Inclusion of Other Matter Paragraph in auditors report
Auditors are not allowed to disclose any other information
prohibited by law, regulation or other standards. (example :
Ethical standards)
When the other matter paragraph is included in report then
auditor shall include it immediately after emphasis on matter
paragraph, if any or opinion paragraph. The suitable heading
“other matter paragraph” or any other suitable heading can be
provided.