Lecture 17 | CA Inter Audit Fastrack For May 2024 Exam | SA 560 & SA 701 |

Lecture wise schedule : drive.google.com/file/d/1jXZI...
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✅ RJ Sir's teaching style engages students with real-world scenarios, drawn from his prior work with Fortune 500 clients, and many of his mentored students have gone on to become successful professionals.
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[@RitikaSharmaa2001]

2:02 - SA 560 - Subsequent events 1:09:24 - SA 701 - Communicating Key Audit Matter (KAM) in the Independent Auditor's Report

[@BADRINATHh]

00:10 Discussion of SA 560 and SA 701 04:15 Subsequent events refer to events occurring after the balance sheet date but before the auditor's report date. 09:31 Understanding subsequent events in audit procedures 12:02 Understanding the requirements for auditing private companies after 31st March. 16:46 Auditor's procedures for subsequent events 19:18 Procedures for reporting and disclosure in audits 24:11 Understanding the impact of changes on audit reports 26:16 The auditor becomes aware after issuing the report 30:53 After finalizing financial statements, discuss potential amendments with management. 32:39 Auditor's responsibilities post financial statement issuance 37:12 Understanding the significance of financial statement issue date 39:07 Audited Financial Statements and Reports 43:30 Understanding SA 560 and SA 701 is crucial for audit procedures. 45:36 Importance of providing a new audit report for amended financial statements. 49:40 Importance of amending financial statements 51:51 Importance of making modified opinions and notifying management 56:48 Importance of informing users about old audit reports 58:40 In India, amendments to financial statements are not allowed voluntarily after issuance. 1:02:29 Importance of new report and management action 1:04:35 Disclosure requirements and the auditor's response 1:10:12 Changes in audit report format discussed 1:12:25 Audit of financial statement and communication of audit matters 1:16:37 Improving communicative value and transparency in audit reports 1:19:19 SA 540 - Auditing of Accounting Estimates and Related Disclosures. 1:24:16 Importance of judgment in audit process 1:26:16 CAM is not a substitute for various auditing standards Crafted by Merlin AI.00:10 Discussion of SA 560 and SA 701 04:15 Subsequent events refer to events occurring after the balance sheet date but before the auditor's report date. 09:31 Understanding subsequent events in audit procedures 12:02 Understanding the requirements for auditing private companies after 31st March. 16:46 Auditor's procedures for subsequent events 19:18 Procedures for reporting and disclosure in audits 24:11 Understanding the impact of changes on audit reports 26:16 The auditor becomes aware after issuing the report 30:53 After finalizing financial statements, discuss potential amendments with management. 32:39 Auditor's responsibilities post financial statement issuance 37:12 Understanding the significance of financial statement issue date 39:07 Audited Financial Statements and Reports 43:30 Understanding SA 560 and SA 701 is crucial for audit procedures. 45:36 Importance of providing a new audit report for amended financial statements. 49:40 Importance of amending financial statements 51:51 Importance of making modified opinions and notifying management 56:48 Importance of informing users about old audit reports 58:40 In India, amendments to financial statements are not allowed voluntarily after issuance. 1:02:29 Importance of new report and management action 1:04:35 Disclosure requirements and the auditor's response 1:10:12 Changes in audit report format discussed 1:12:25 Audit of financial statement and communication of audit matters 1:16:37 Improving communicative value and transparency in audit reports 1:19:19 SA 540 - Auditing of Accounting Estimates and Related Disclosures. 1:24:16 Importance of judgment in audit process 1:26:16 CAM is not a substitute for various auditing standards

[@ramjadhav1196]

Efforts appreciated

[@pratik_todkar]

S.Q's For Inter SA 560 1) Audit procedures relating to events occurring between the date of the financial statements and the date of the auditor's report. 2) Examples of Events SA 701 1) Purpose of communicating KAM 2) Determining KAM

[@smeyy5038]

dev manus

[@CA_Aspirant11]

SA 710 konse lect me covered hai??

[@ashmiagarwal]

Hey @pratik_todkar do you have a list of all SQ

[@meghamohan9587]

The correct way to teach audit can be learnt from this person...not only he clears the concept but also gives you confidence to remember the topic nicely..thank you so much Sir...I will remain forever indebted to you

[@easilytrack]

Yes 💯🙌

[@Manaswi-ui5jl]

100% conceptual clarity .. thanks for amazing lecture sir

[@vamamehta]

if fast track has so much clarity so i wonder how are the regular lectures 🥰

[@dwitipatel8825]

I agree

[@CA_WITH_UTKARSH]

Full agreed 💯

[@Sowmya-we2nz]

Yes do agree

[@anuj4148]

They are amazing! Audit becomes a practical subject

[@yashb933]

Does he teach in final also? If yes,what's the fees,and procedure to take classes?

[@muskanpandeyfca1971]

THANK YOU SOO MUCH SIR FOR PROVIDING QUALITY SESSIONS WITH CLARITY✨✨

[@viditdadhich661]

i just landed here because harshid sir ke regular lecture m khuch smj ni aya sa 701 kya h, but my problem is solved, thankyou rishabh sir

[@Suraj-rd5we]

I have watched almost all of your videos...I got so much clarity. thank you sir!!!!

[@vivekshaw4300]

SA 701 : 1:09:16

[@piyushgoel8550]

Thank you so much sir ❤

[@TheHarshadaPatil]

Thank You Sir!!

[@InformerOP]

cleared concepts in addition to those understood in my classes

[@guider..6599]

Ek number❤

[@simrandudeja]

thankyousomuch sir

[@vishalbachwani4029]

1:24:33 Drafting KAM Paragraph 1:27:16 Applicability of KAM

[@KrishanKumar-xi3qy]

Best teacher of audit 😊,, thank you sir 😊

[@yashlulla580]

so we can say that subsequent event of this year may become a key audit matter in the next financial year?not in all cases but in some cases

[@manthan3793]

Done 👍🏼👍🏼

[@milindsinghvi992]

Legend 🫡🫡🫡

[@vipinyadav2973]

🔥🔥best

[@adityakale2504]

SA 701: 1:09:30

[@charmi8951]

SA 701 START - 1:09:29

[@snehaagarwal9095]

Sir kb tk khatam hojayega audit

[@Nashrarizvi1Nashra]

Thnku sir for clarity

[@alijawad599]

How's audit of rishab sir?

[@Resham66]

(1:03:45) exam

[@mohitchand5495]

36:12 summary till now SA 560

[@akifagha8509]

Sir SA 710 isnt covered

[@vaishnavimali0927]

Speechless..teaching just wow ..❤❤ #RJSIR.❤❤💯💯 #alltimefav....❤❤ #favsir❤💯

[@RimjhimSahu_25]

710 konse lecture me covered hai ?

[@SakshiSinghhhh]

Start - 3:41

[@Mansi_rathi2340]

SA 710 kha h?

[@arunjadhav5472]

710,600& 229 ?

[@lonygoyal]

Sir audit of bank kab hoga

[@MillionaireMafia-sh5ud]

Samjl rishabh sir

[@parasshah9162]

Sir chapters nhi krne vale ho ky aap ? Sirf SA hi rhega ky ?

[@adityakale2504]

Bro woh bhi hoga after the completion of SA's

[@ayushjain2759]

Fast track batch ❌ Regular batch ✅

[@user-gr2ld4ye6b]

Yes itne concept clarity to offline waale regular me naa dete😂😂😂

[@pj_2310]

Sir ne Audit of bank karwaya hai ya nhi. Karwaya hai toh konse lecture mai karwaya hai Koi btado isse related kuch pata hai toh Plz🙏🏻🙏🏻

[@ashishkumar-rv7of]

Prev year fastrack me may be mil jaye .. Audit of bank me chng nhi h toh refer kr skte wo

[@aishwaryacl9196]

Where can i get notes for free

[@the_artistic_soul01]

His Telegram channel

[@aishwaryacl9196]

@@the_artistic_soul01 only handwritten notes is available ☹️i need these material

[@danishchaudhry6204]

I have

[@aishwaryacl9196]

@@danishchaudhry6204 soft copy ?

[@danishchaudhry6204]

@@aishwaryacl9196 yes

[@divyaloungani1912]

SA 710, 299???

[@LetsStartHere9]

Mila kya?

[@pawanmane252]

mila to batao

[@RimjhimSahu_25]

710 Mila ?

[@Rosee45]

Mila??

[@pooja-cr1mx]

THANKYOU SOO MUCH SIR REALLY ENJOYED SUCH A CONCEPTUAL, AMAZING AND WONDERFUL SESSION

[@sunilsontakke1274]

00:10 Discussion of SA 560 and SA 701 04:15 Subsequent events refer to events occurring after the balance sheet date but before the auditor's report date. 09:31 Understanding subsequent events in audit procedures 12:02 Understanding the requirements for auditing private companies after 31st March. 16:46 Auditor's procedures for subsequent events 19:18 Procedures for reporting and disclosure in audits 24:11 Understanding the impact of changes on audit reports 26:16 The auditor becomes aware after issuing the report 30:53 After finalizing financial statements, discuss potential amendments with management. 32:39 Auditor's responsibilities post financial statement issuance 37:12 Understanding the significance of financial statement issue date 39:07 Audited Financial Statements and Reports 43:30 Understanding SA 560 and SA 701 is crucial for audit procedures. 45:36 Importance of providing a new audit report for amended financial statements. 49:40 Importance of amending financial statements 51:51 Importance of making modified opinions and notifying management 56:48 Importance of informing users about old audit reports 58:40 In India, amendments to financial statements are not allowed voluntarily after issuance. 1:02:29 Importance of new report and management action 1:04:35 Disclosure requirements and the auditor's response 1:10:12 Changes in audit report format discussed 1:12:25 Audit of financial statement and communication of audit matters 1:16:37 Improving communicative value and transparency in audit reports 1:19:19 SA 540 - Auditing of Accounting Estimates and Related Disclosures. 1:24:16 Importance of judgment in audit process 1:26:16 CAM is not a substitute for various auditing standards