All Questions

Auditing

Follow
Showing 1 - 8 out of 8 Questions
23 Views

whether a student who passed CA IPCC Group 1 (Accounting, Auditing and Law) in 2012 is eligible to get an exemption for those papes in September 2024?

vaibhavi bhalsod 19th Aug, 2024

hello

The eligibility for exemptions in the CA IPCC (now known as CA Intermediate) exams is governed by the Institute of Chartered Accountants of India (ICAI). According to the ICAI, exemptions are valid for a certain period.

If a student passed CA IPCC Group 1 (Accounting, Auditing, and Law) in 2012, they would have been eligible for exemptions in those subjects for a period of 3-4 years from the date of passing. However, since it has been more than 12 years since passing, the exemptions would have lapsed.

To confirm, I recommend checking the ICAI website or contacting the ICAI directly for the most up-to-date information on exemption validity and any possible extension or reinstatement provisions. They will be able to provide the most accurate and personalized guidance for your specific situation.

https://finance.careers360.com/articles/ca-intermediate-exam-pattern

94 Views

Question : Which of the following item is not included in Environmental Auditing?

 

Option 1: Pollution monitoring schemes

Option 2: Scrutiny by the government agencies

Option 3: Safety provisions for industrial workers

Option 4: Storage of toxic chemicals

Team Careers360 25th Jan, 2024

Correct Answer: Scrutiny by the government agencies


Solution : The correct option is Scrutiny by the government agencies.

Environmental auditing does not include government agency scrutiny. Environmental auditing is a voluntary procedure in which a company evaluates its own environmental performance. It is not a statutory necessity, and government entities are not usually involved in the process.The audit may discover compliance concerns, but it is not mainly concerned with assuring environmental compliance. The audit may also reveal chances for the organisation to decrease its environmental effect, strengthen its environmental management systems, or avoid environmental incidents.
 

7 Views

Question : In India, who among the following is responsible for auditing all receipts and expenditures of the union and state governments?

Option 1: Attorney General for India

Option 2: Advocate General

Option 3: Union Public Service Commission

Option 4: Comptroller and Auditor General

Team Careers360 17th Jan, 2024

Correct Answer: Comptroller and Auditor General


Solution : The correct answer is Comptroller and Auditor General.

In India, the Comptroller and Auditor General (CAG) is responsible for auditing all receipts and expenditures of the union and state governments. The CAG is an independent constitutional authority and plays a crucial role in ensuring financial accountability and transparency in the government's financial operations.

267 Views

which has more scope and salary between bcom accountancy and finance or bcom accounting, auditing and taxation

Aadarsh Gupta 29th Apr, 2021

Hello aspirant,

There is nothing much of a difference seen by people in job market among the both.

Some basic points of difference in both the courses are:

Bcom is related to accounting and finance + other areas of business and trade.

B.A.F. is related to accounting and finance.

BCom: since the course is general in nature. However, have a wider choice in higher studies that would get a good start to your career.

B.A.F.:since the course is general in nature, you need to do a specialisation in accounting/finance higher studies to get a good start to your career.

Bcom: The choices are wider and students gets basic idea of other areas of commerce and trade, viz., HR, export-import, economics etc., However, since there is no specialisation to choose, it lacks focus in any one area of study, though accounting is a major subject in the bcom(honours) gives students a choice of specialisation in its last year

B.A.F. :Students are given all the basic training in accounting and finance. However, it neglects other areas of commerce and trade viz., HR, export-import etc.,

Bcom: It is for studdents who want to get a graduation degree and who are basically good in accounting, but are also open / would like to have a wider choice of subjects for higher studies later viz., Economics, Industrial Psychology, HR, Export-Import etc.,

B.A.F.:    BAF is for students who are determined to make a career in accounting & finance field.

Hope this helps you

All the best for your future

652 Views

which degree is best for ca bcom accountancy and finance or bcom auditing taxation and accounting is best

Sourav singh 7th Nov, 2021

hello Adhil,

ICAI conducts the CA exams list in India consists of 3 names – CA Foundation, IPCC and CA Final. Candidates need to clear the entire CA exam list in order to become a professional in this field.

where as, BCom is a 3-year Undergraduate program that focuses on subjects related to commerce, Economics, Business Law, Accountancy, Taxation and finance.

If you are a disciplined and focused kind of student, I suggest you to pursue CA and bcom simultaneously. CA foundation and 1st semester bcom are almost the same but the only thing is CA is a bit difficult compared to bcom as far as CA Foundation is concerned. BAF will absolutely right choice if we want to pursue CA with b.com

BCom with CA is divided into six semesters. Various topics such as financial accounting, economics, company law, corporate tax, auditing, business management, etc., and many more are present in BCom Syllabus to increase the skill threshold of the student.

for more information please visit the following link

https://www.careers360.com/

Hope this will help you a lot,

Thank you

118 Views

do greit have auditorium ? can anyone

Shubham Dhane 21st Sep, 2020

Hello,

Yes Gokaraju Rangaraju Institute of Engineering and Technology, Hyderabad provides auditorium facility. The facilities provided by Gokaraju Rangaraju Institute of Engineering and Technology, Hyderabad are Boys hostel, Girls hostel, Gym, Library, Sports, Cafeteria, Hospital, IT infrastructure, Transport, Laboratories and Bank facilities. Gokaraju Rangaraju Institute of Engineering and Technology, Hyderabad was established in the year 1997. GRIET is a self-financed institute and is permanently affiliated to and autonomous under JNTUH, Hyderabad and is approved by AICTE.

155 Views

what is internal and external auditing ?

iammohdshareef 10th Oct, 2019
Hello dear,
.
  • Internal auditors are independent, objective assurance and consulting activity designed to improve organisation.
  • External auditors should with specific with laws and rules for financial statements of organisations.
.
  • Internal auditors examine issues related to company business practices and Risk's.
  • External auditors examine the financial records and issues/opinions regarding financial statements.
.
  • Internal Audits are conducted throughout the year
  • external Audits are conducted a single annual audit
.
  • internal audits are company employees
  • External Audits work for outside Audits
.
  • Internal auditors are hired by company
  • external Audits are hired by share holders
.
In simple internal auditors are working for building company reputations and external auditors work to maintain a company reputation without having any external problems of financial issues.
.
hope I was relevant and cleared your question.
thank you
The question have been saved in answer later, you can access it from your profile anytime. Access now

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

Careers360 App
150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books