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CA FINAL
PAPER 3:ADVANCED AUDITING & PROFESSIONAL ETHICS 

Select the best teachers 

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   CA AARTI LAHOTI

Website: https://www.asfoundation.co.in/
Contact No.:  9667671155

 


Pendrive:  Rs. 10450
Google drive: Rs. 9975

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PANKAJ GARG

Website: https://www.altclasses.in/ 
Contact No.: 7206941195 

 


Pendrive: Rs. 12150
Google drive: Rs. 11340

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HARSHAD JAJU

Website: https://swapnilpatni.com/ 
Contact No.: 9011851796 


Pendrive : Rs. 9000
Google drive: Rs. 8500 

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SURBHI BANSAL

Website: https://www.bestword.in/ 
Contact No.: 9696965151


Pendrive: Rs.10900
Google drive: Rs. 9800

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NEERAJ ARORA

Website: https://www.edu91.org/ 
Contact No.: 9810113555 


Pendrive: Rs. 1799
Google drive:  Rs. 1299

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RAVI TAORI

Website: https://vsmartacademy.com 
Contact No.: 7796878787  


Pendrive:  Rs. 9499
Google drive: Rs. 8499 

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SARTHAK JAIN

Website: http://elearn.fast.edu.in/ 
Contact No.:
 9229333040


Pendrive: Rs. 13600
Google drive: Rs. 12800

Practice before writing your exam

Mock Series-1

Mock Series-2

Revision Test Paper-1

Revision Test Paper-2

Final paper-2022

Accentuate your revision with youtube marathons 

Test your preparation

Question

Answer 

Question:
As an auditor of a listed company for the year ended 31st March, 2019, how would you determine the 'Key Audit Matters'?


Answer:

Determining Key Audit Matters: As per SA 701, “Communicating Key Audit Matters in the Independent Auditor’s Report”, the auditor shall determine, from the matters communicated with those charged with governance, those matters that required significant auditor attention in performing the audit. In making this determination, the auditor shall take into account the following:
(i) Areas of higher assessed risk of material misstatement, or significant risks identified in accordance with SA 315, “Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Its Environment”. 
(ii) Significant auditor judgments relating to areas in the financial statements that involved significant management judgment, including accounting estimates that have been identified as having high estimation uncertainty.
(iii) The effect on the audit of significant events or transactions that occurred during the period. The auditor shall determine which of the matters determined above were of most significance in the audit of the financial statements of the current period and therefore are the key audit matters

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