Lecture 26 | CA Inter Audit Fastrack For May 2024 Exam | SA 530 |

Lecture wise schedule : drive.google.c...
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About RJ:
✅ Welcome to CA Rishabh Jain's KZbin Channel, where expertise meets excellence in the field of Chartered Accountancy.
✅ With 10 years of teaching experience and the distinction of becoming one of India's youngest Chartered Accountants at the age of 21, RJ Sir simplifies complex concepts with remarkable ease.
✅ RJ Sir's extraordinary rapport with students makes him incredibly approachable, providing guidance not only for the CA course but also beyond.
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✅ As the only Audit Professor in India with over 5 years' experience at Big 4 firms (PwC & Deloitte), he has mentored over 20000 students in just ten years.
✅ 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.
✅ Moreover, RJ Sir has successfully placed numerous students in prestigious Big Four firms across India.
✅ Join us on this educational journey to unlock your full CA potential and beyond.
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[@sunilsontakke1274]

00:09 Understanding audit sampling and its importance 02:55 Sampling in audit involves testing items on a test basis 07:22 Understanding the importance of aging analysis in auditing. 09:28 Importance of checking unrecorded liabilities 14:01 Understanding the importance of complete sampling in audit procedures. 16:23 Approachable sampling is crucial for understanding controls and deviations in auditing. 20:31 Benefits of statistical sampling 22:59 Sample size logic and factors to consider 26:42 Understanding sampling methods in auditing 28:55 Understanding the difference between simple random and stratified random sampling 32:37 Stratified random sampling divides population for better sampling. 35:44 Interval sampling and systematic sampling 39:23 Understanding random sampling and systematic sampling 41:16 Understanding tolerable errors in auditing 45:24 During control testing, focus on the process and not on the amount. 47:14 Understanding the risk of overreliance on controls 50:16 Understanding risks of reliance and rejection in audits 52:08 Sampling risk factors and sample size determination 56:19 Various audit procedures and their impact on sample size 58:18 Stratification helps in selecting a lesser sample size for comfort 1:02:08 Increasing sample size due to changes 1:04:03 Non-sampling risk affects audit conclusions due to factors other than sampling errors 1:08:21 Auditor must project misstatements accurately. 1:11:01 Sampling techniques and value-weighted selection Thank You 🙌🙌🙌🙌

[@bhaveshsethia2649]

Thanks Sir for that first 12 minutes discussion. I always been in confusion to understand that understatement and overstatement concept but now cleared..🙏🏻😇

[@vaishnavimali0927]

Superbbbb ..teaching...sirji.....thankyou so much for providing these lecs❤❤ #RJSIR❤💯 #alltimefav❤ #favsir❤💯

[@priyamkumar5341]

In starting voice sounded like vintage news reporting😂😂😂

[@Fullinformation786]

40:08 factors affecting the sample size

[@shivamrastogi6624]

NO DOUBT THE BEST

[@Fullinformation786]

method of samling 27:20

[@priyankapal2976]

you are the best teacher of audit on earth♥♥

[@pooja-cr1mx]

Sir it was very much useful.. Thank you for your efforts ..... 😊😊😊😊😊

[@muskanpandeyfca1971]

THANK YOU SO MUCH SIR FOR PROVIDING THESE WONDERFUL SESSIONS ❤ HATS OFF TO YOU 👏🏻LOVE THE WAY YOU TEACH 😍😍.. CONCEPTUAL HELPFUL ✨ JUST AMAZING 🤩.. NO WORDS..🤐🫡🤩😍🥰

[@lavpatel14]

Best faculty I have ever seen before 🙌🏻🔥

[@Blinkwithme77]

Thank you so much sir 🙏🏻 ❤

[@leenaschourdia8506]

Thank you so much sir for these lectures I cleared my intermediate group 2 because of you . Thank you so much sir 🙏

[@KomalSharma-mq5us]

❤😊grateful 🙏🏻

[@The_Rajeev_16]

Amazing lecture ❤ Rj magic

[@sanskritisingh14]

Factors affecting sample size 40:00

[@devanshiprajapati2101]

Thanks sir 😊😊😊

[@user-eb7dx6xg4b]

Love you sir😅

[@vishalbachwani4029]

1:24 SA 530

[@anjithdasari123]

Audit strategy,audit planning and audit programme? In which video is that chapter is uploaded.

[@kingpatel4723]

sa 300

[@aarnav6879]

SA 501 and SA 530?

[@mdshahnawazalam9714]

❤ .

[@nehatulsyan16]

Sampling risk and non sampling risk are not in the ICAI mat.

[@Amar-jm1ko]

Agree

[@gauravchauhan9435]

Old syllabus mai tha new mai nhi hai aur ye video old hi hai

[@Devil_king_.5987]

They are not in detail but are there in chapter 3 module pg 3.8 also in RTP

[@dominatorshiva]

question hai test your knowledge mea sampling risk pe

[@CA_Meera]

Has sampling and non sampling risk concept been deleted?

[@athpriyanshu]

it's in Chapter 3 covered in Topic Detection Risk

[@jhonty0072]

Sir ne jitna bataya hai sampling risk k bare me, utna content to h hi nhi book me. Bas definitions hai. Matlab utna detail me nhi jana h aab na???

[@tikarprerna]

​@@jhonty0072same doubt ?

[@jhonty0072]

@@tikarprerna pata chale to batana 😅. Pura detail me karna h ya bas definitions diya h wahi karna h!!!

[@Duksh-tw7vm]

​@@jhonty0072jitna book me h utna hi padhna h extra kyu hi pdhna 😂

[@Upasna8810]

sir chapter10 nhi krayenge kiya?

[@priyasoni7667]

where can we find these notes

[@aleennazim5595]

what do you mean by line items? can someone clarify

[@monalitulsi7911]

Did you understood that?

[@kumud8051]

Sir ne kuch imp mark krke diye ho to bata dena koi

[@Suraj-rd5we]

This session is very useful for students thanks sir

[@BADRINATHh]

00:09 Understanding audit sampling and its importance 02:55 Sampling in audit involves testing items on a test basis 07:22 Understanding the importance of aging analysis in auditing. 09:28 Importance of checking unrecorded liabilities 14:01 Understanding the importance of complete sampling in audit procedures. 16:23 Approachable sampling is crucial for understanding controls and deviations in auditing. 20:31 Benefits of statistical sampling 22:59 Sample size logic and factors to consider 26:42 Understanding sampling methods in auditing 28:55 Understanding the difference between simple random and stratified random sampling 32:37 Stratified random sampling divides population for better sampling. 35:44 Interval sampling and systematic sampling 39:23 Understanding random sampling and systematic sampling 41:16 Understanding tolerable errors in auditing 45:24 During control testing, focus on the process and not on the amount. 47:14 Understanding the risk of overreliance on controls 50:16 Understanding risks of reliance and rejection in audits 52:08 Sampling risk factors and sample size determination 56:19 Various audit procedures and their impact on sample size 58:18 Stratification helps in selecting a lesser sample size for comfort 1:02:08 Increasing sample size due to changes 1:04:03 Non-sampling risk affects audit conclusions due to factors other than sampling errors 1:08:21 Auditor must project misstatements accurately. 1:11:01 Sampling techniques and value-weighted selection

[@varunjoshi4902]

Thank you so much sir 🙏🏻 ❤

[@harshkothari9998]

thank u sir

[@adityakale2504]

Thank you so much sir ❤

[@the_artistic_soul01]

Thank you so much sir ☺️☺️