RISK ASSESSMENT & INTERNAL CONTROL - INTER AUDIT MARATHON BY CA KAPIL GOYAL SIR -WITH QUESTIONS

[@nikunjzalavadiya28]

00:10 Introducing CA Inter Audit Marathon session 04:52 Key points from Chapters 1 and 2 for CA exams 08:54 Focus on revisions and announcements for CA Inter Audit course. 11:19 Importance of risk assessment and internal control in audit preparation 15:53 Importance of Identification in Risk Assessment 18:48 Chapter 3 focuses on risk assessment and internal control 23:40 Internal control and risk assessment are crucial for designing further audit procedures. 25:38 Importance of inquiry and understanding in risk assessment and internal control 29:31 Proper audit work reduces the risk of giving wrong opinion 31:17 Understanding audit risks and appropriate audit opinions 36:37 Understanding the components of audit risk 38:59 Importance of focusing on Chartered Accountancy 43:07 Presentation Disclosures Required by Applicable FRF 44:45 Understanding risks of material misstatement 48:32 Understanding Auditor Control Risk Assessment 50:45 Audit risk is a function of material misstatement and detection risk 54:23 Importance of risk assessment in internal control 56:36 The procedure for risk assessment and internal control 1:00:14 Setting daily audit reading commitment for better scores 1:01:54 Understanding the process and methods of risk assessment 1:05:43 Analytical procedures in risk assessment 1:07:26 Importance of document inspection and observation in risk assessment 1:11:36 Importance of Understanding Entity and Environment 1:13:51 Understanding entity nature and entity-specific aspects. 1:17:37 Evaluation of entity's accounting policy 1:19:56 Pressure to achieve targets can lead to material misstatement 1:23:36 Focus on understanding rather than memorization 1:33:25 Understanding risks requiring special audit consideration 1:38:24 Significance of risks in judgment 1:40:38 Significant measurement uncertainties are significant risks 1:44:16 Management's responsibility in designing and implementing controls 1:46:02 Understanding the relevance of financial controls in audit. 1:50:19 Importance of Controls in Audit Process 1:52:31 Understanding internal control and risks 1:56:06 Understanding internal control components and their importance 1:58:05 Auditor's focus should be on relevant financial controls 2:02:02 Importance of internal control and risk assessment 2:04:22 Importance of completeness and accuracy in information produced by the entity 2:08:26 Understanding the relevance and design of controls 2:10:50 Importance of effective control implementation 2:15:03 Importance of internal control in auditing 2:17:06 Internal control assessment is crucial for safeguarding assets and ensuring accurate financial reporting. 2:20:51 Importance of actual testing and observations in internal control assessment 2:22:38 Importance of questionnaires in risk assessment process 2:26:33 Understanding internal control and risk assessment 2:28:39 Understanding the importance of maintaining an audit trail 2:33:01 Importance of Internal Control in Risk Assessment 2:35:24 The video discusses the content of the entire chapter and its structure. 2:40:31 Upcoming live batches and feedback request

[@legend-dr3ko]

BHAGWAN TUMHE 5 MARKS EXTRA DE

[@gaurianjanwatikar8058]

bhai aap great ho !!

[@umeshkhunger5878]

32:20 Detection Risk 1:14:40 Understanding of Entity 1:21:30 Revision 1:35:00 Risk Require Special Audit Consideration 2:02:20 Controls over the Completeness & Accuracy of Info.

[@allgamers3518]

90+ Audit records today dege , dhammal kr dege sir JAY SHREE RADHA KRISHNA❤ LOVE YOU MUMMY PAPA ❤ 🙏SALUTE ❤ TO KAPIL SIR

[@heyy8992]

Ghantaaa

[@rishabh_unicorn]

😮 80+ Jai Mata Di What an amazing session, much needed to revise the chapter.❤

[@ShubhamSharma-wu9zl]

Amazing session sir. 😄 Target: 75 marks jai shree ram. We should cover question bank tomorrow for practice 😀

[@radha.krishna1828]

How many chapters completed

[@ShubhamSharma-wu9zl]

@@radha.krishna1828 2nd revision going on

[@heyy8992]

​@@ShubhamSharma-wu9zl 2nd revision hai toh bhai aah jayenge not a big problem

[@goyalkhushi1]

Will pray for your throat sir ❤ Thanks for the efforts sir

[@aayushgupta3889]

I will give my 100% to audit in order to score 80+ in Sept 2024 attempt

[@abhishekjha4555]

Amazing session for revision ....thank u so much sir ..Target 70+marks Jai Mata Di 🙏....also get well soon sir ❤

[@Vikasjainn2]

40:00 BOOK READING START

[@kishugarg3485]

Sir... we appreciate your efforts...Thanks a lot for amazing lecture n Get well soon😇

[@udaygupta7509]

Thank for amazing session sir , preparing to score more than 70+

[@dikshasingh5822]

it's really a mindblowing session ...mai is time tk sone lgti thi ....pr aj mja a gya sir....thank u so much sir ki apki tabiyat kharb hai pr tb b ap hamara revision itna shandar kra re... thank u so much sir🥰🥰🥰🥰🥰🥰🥰🥰🥰🥰😍😍😍😍😍😍😍😍ṭarget 80

[@vanshjain7100]

2:21:08 sir it is disadvantages of narative records methods . you read them as advantages

[@khushirewri1593]

Jai balajii❤ I will definitely score 70+ in audit and ethics and crack sept attempt with very good score

[@snehapatwal3529]

sir , thankyou for this class , Here I recall all the topics and with similar explanation which you have given in regular course . this vedio is helpfull in such a way that which small topics i forgot i finally recall it .

[@nishitagoyal_1372]

@@snehapatwal3529 hey pls can you help as there is my first attempt in jan 25 can you tell me Kapil goyal sir playlist for best explanation of topic of all chapter

[@nishitagoyal_1372]

Hey can tell me thee any best playlist of sir for completing my syllabus

[@goyammehta4065]

Sir power packed revision session!!! Eagerly waiting for tomorrows question bank session 😊

[@ShrutiMajale]

thank you so much sir , in nov 23 i scored 32 marks in audit but this time i will definetly give my 100%

[@shrutikush853]

65+ marks in audit🤞❤️ Jay mata di 🙏❤ Question bank tomorrow Get well soon sirji

[@gautamthakur9164]

60+ marks in audit JAI SHREE RAM ❤ thanks alot for these revisionary sessions..thank you sir

[@CA_Journey_]

Better than most of the faculties regular batch.......❤

[@salim_husain]

I'll give of my 1000% for achieving my goal 99 in audit, my attempt is Jan 25

[@HarshuAgrawal-ur9do]

@@salim_husain bhai fir teacher acha chuno

[@omkar6998]

Gu bhi kha todaso

[@salim_husain]

@@omkar6998 bro I'm not anbhaght wo khane ka kam apka h

[@omkar6998]

@@salim_husain aap 99 achieve karne ke baad khana

[@Ayush_0704]

@@salim_husain pass ho jaana vo bahut h audit me 🤣

[@Kajol-pp5ls]

90+ in audit for my ❤ Jai Shree Ganesha 😊 Thankyou sir 🙏

[@gauravraj430]

70+ mark jay mahadev Rtp & mtp , qb karwa do sir Sir aapna dhyan rakho take care ❤❤❤❤ You are the best faculty for audit .❤❤❤

[@anjalisuniverse]

I will score 65+ 🤞🤞🤞 ..keep your blessings with me🙏 Get well soon sir

[@Selfless_challange]

80+ Jai Shree Ram 🙏🙏 Radhe Radhe Radhe Radhe ❤❤

[@apexgamer5333]

the best revision lec thank you so so much sir 💝❤

[@manavsinghrajput5361]

Thanks a lot sir for such a wonderful session 😁 I'll try harder n harder to achieve 70+ marks in audit by following your marathon classes. I really pray to Ram ji and to almighty that aap jldi thk hojao sir❤

[@jainpriti1412]

Guruji ek hi dil ❤ hai kitni baar jeetoge.

[@shreen9943]

Amazing revision lecture ❤🙏

[@samirandas1998]

Sir , baki chapter ka marathon kab upload hoga??

[@vikashshahdeo1622]

Yess sir SA KI videos individually daal do it will be very helpful ❤

[@VishalKumar.099]

70+ in Audit Jai Shree Ram ❤🙏🏻 Thankyou sir for taking these sessions

[@real_world786]

I'll score 80+ Thankyou sir for your effort toward us🙏🙏❣️

[@moonlightstrokes]

70+ audit markrs jai shri radhe krishn.

[@kashishsanghvi901]

Understanding the entity and its environment =1:10:00

[@tejasvinithakare4941]

Amazing session sir and plzz take care of urself ❤❤

[@cashivamgaur]

AUDIT 60+ MARKS OM NAMAH SHIVAY GET WELL SOON SIR JI❤

[@daxx245]

I will score 70+ har har mahadev thank you sir for revisions sessions

[@-Aarthi-19]

Before seeing this video I afraid this chapter as how understand and for exam But now it's sure I will get marks from this chapter definitely sir

[@kunalramuka3124]

Superb session, sir 65-70 All Gods questionnaire and rtp mtp

[@AnishMahanur]

Target: 65 , thanks sir, Jay Shree Krishna 😊

[@GaneshYadav-ku9rl]

take care sir , will pray for your health

[@adityaprajapati6265]

I will score 65+ Jai shree Krishna Take care sir.

[@ayushjain2759]

Sir amazing session ❤ Sir bs Bank Audit and Planning vaala krva dijiye samajh hi nhi aa rha yeh chapter har jagha dekh liya .

[@madhujha558]

Romm jada h to hum jada check karenge to detection risk kum hoga na so inverse relation kaise hua ?

[@sona5231]

thank you sir full session are amazing target 85 + marks audit jai Shree shyam🥰🥰🥰

[@prabhatagarwal2760]

Industry,frf,regulatory, external Nature Acc polices Busiess risk objective strategy Financial risk

[@harshitgupta3863]

God bless your health sir I love your video❤️❤️

[@kashishsanghvi901]

Please change the setting of this video so we can download it offline please sir

[@suvmkumar2889]

even for the 1st time i am reading it doesn't feel like it is a revision lecture

[@SHRIRADHARAMANAM]

Radhe Radhe Sir 70+ this attempt for sure...

[@lokeshbansal2821]

I will Score 90+ Jai shree Shyam Ji 😌 Take care sir Love you Sir 🙂

[@Shrutii0505]

Sir when will next lecture be conducted?

[@lovishgarg6719]

loved this session .... sir tomorrow ch 9 of your book please

[@ankitsharma1257]

score 80+ in auding for parents & kapil sir.....

[@riya_gupta.2412]

1:56:50 Component of IC

[@surbhi8834]

Jai Shree Krishna.....I will score audit in 70+😊😊😊

[@pratikshadhote1029]

I will score 60+ in Audit in September attempt

[@puneetdaliya7654]

Let's see who achieves this target u vs me

[@pratikkumarghosh415]

70+ jai shree krishna+ parents Please cover the question bank, RTP MTP sir❤❤❤

[@CArahulsmishra]

Get well soon sir

[@guddubhaiya7989]

I will score 60+ MAHAVEER SWAMI ki jai 🙏 Take care sir

[@ritikbansalofficials]

sr my target is 70 in audit and 100 in fm-sm,and kl plz questions krvadijiye ga ,and take care

[@harshitgupta3863]

Confidence aa gya hai sir❤

[@surbhi8834]

Get well soon sir....😊😊

[@Raj-bi5kz]

Muje ek baat batto srif sir ke jaise read karne se exam me yaad ayega? Edit : concept smaj chuka hai

[@the_hera_ferri]

Marks 77 जय श्री महाकाल जय बाबा कुबेरभंडारी ❤

[@dhairyajindal1294]

60+ in audit JAI SHREE MAHAKAAL JII JAI BHOLENATH JII

[@castudentadarshagrawal5720]

I will Score 61 Marks and i will be CA FINALIST For Sure This time

[@aryan10_11]

Sir next session kab hoga

[@ShreyaGupta-lp7fk]

Sir isn't this chapter incomplete...it does not include automated environment and many other topics

[@dhirajpal6657]

Is complete chapter is here ?

[@shrutiksheersagar758]

Thank you so much for this revision sir, highest score in past attempts was only 40 sir, nd the knowledge compared to past and now is very much improved sir, so targeting 60+ this time sir. Jai shri Ram🙏🙌

[@srijanshrivastava3285]

Behan appka 2nd attempt hai kya ? If yes then 30 marks ke mcq ka level kaisa hota hai?

[@shrutiksheersagar758]

@@srijanshrivastava3285 Depends not specific , it’s all about how clear ur concepts are

[@srijanshrivastava3285]

@@shrutiksheersagar758 ok behan Thanks. Appka kitna course hogaya audit me ? Mera toh around 75% ke ass pass hi hua hai

[@shrutiksheersagar758]

@@srijanshrivastava3285 Ha almost similar , revision chalra

[@srijanshrivastava3285]

@@shrutiksheersagar758 app both groups de rahe ho kya?

[@vikashshahdeo1622]

Yes sir question bank cover kra do

[@bhoomikachandak5886]

85 + Jai Shree Shyam Tomorrow Question Bank RTP MTP

[@AkankshaKumari-ul5kh]

I will score 60+ in audit in may 2024 exam for my parents 🙏

[@AshishKumar-fe4rd]

Sir other chapter ki video nhi mil rhi hai. Aapne karaaya nhi hai kya?

[@CA_Aspirant_Ankita]

1:21:25 quick revision

[@MorayVenkataSahitya]

Sir wn will remaining vedios be uploaded on YT😢😢

[@ananyahp900]

65+ Jai shree ram Get well soon sir

[@SUBHABRATASAHA-qg1iu]

70 + Jai Maa Kali Tomorrow Question Bank RTP MTP

[@PiyushKumar-sd3un]

70+ in audit jai bajrangbali🙏🙏

[@Karthik-rm7gg]

75+ marks,,,,jai sri ram Next class RTP MTP n QB

[@innocentstudent-]

92' We should cover mtp rtp question bank tomorrow 😊

[@kalupatel1528]

60+ Jay shree krishna, radhe radhe

[@fca60056]

yes we will do question bank with mtp tomorrow same time

[@agarwalkanhaiya2909]

60+ sir ji jai shree shyam Om namah shivay

[@satishgupta284]

amazing lecture

[@aayushdhandharia9483]

target 65 + let's cover question bank and MTP RTP in tomorrow's session as the concepts are fresh

[@AnushkaSharma-yf1is]

sir target marks 70+ nmah shivay , papa mummy 🙏📿🙏📿🙏📿🙏📿🙏

[@ishikagupta6472]

75+ Shree radhey krishna qb , mtp , rtp

[@liteshjoshi3220]

श्री गणेशाय नमः

[@piyushbansal0]

Please Cover PYQ , RTP and MTP Of Chapter 3 🙏

[@nehaSinghA-fz5lg]

Please muje koi bata skta h ki jan 25 ke liye book relevant h ye?and please muje link refer kr do ?? anybody??

[@xiibluemanisha9353]

75 marks sir , plz take session for question bank tomorrow

[@ANKITAPANDEY080]

Target 80+ Radhe Radhe Thank you so much

[@Snehalaher99]

Target 75 Mark's ...radhekrishna ❤

[@vaibhavchugh7213]

Sir methods of evaluation of ic narrative records ki advantages nhi hai vo mne check kra icai ki book m vo disadvantages hai sir baki aap check krlena sir .

[@vaibhavchugh7213]

Take care sir Jai shree ram

[@sonal6205]

65+ marks in audit (for myself.)

[@vandanasingh7046]

my sister and my paresnts above 60 .question book

[@meettavethiya7770]

70+ in audit this is time HAR HAR MAHADEV ❤