In this podcast, we will be discussing about SA 580 Written Representation.

A written representation is a written statement by management provided to the auditor to confirm certain matters or to support other audit evidence. Written representations in this context do not include financial statements, the assertions therein, or supporting books and records.

Written representations are an important source of audit evidence.

SA 580- Written representations deals with the auditor's responsibility to obtain written representations from management and, where appropriate, those charged with governance.

Objectives of auditor in accordance with SA 580-

* To obtain Written Representations

* To support other evidence

* To respond appropriately

Podcast covers more about SA 580 Written Representation -

* From whom Written representations are requested by auditor?

* Written representations about management's responsibilities

* Why Written representations about management responsibilities are necessary?

* Description of management's responsibilities in the Written representations

* Other Written representations

* Additional Written representations about information provided to the auditor

* Written representations about specific assertions

* Date of and Period(s) covered by Written Representations

* Form of Written representations

* Doubt as to the reliability of Written representations

* Requested Written representations not provided

* Disclaimer of opinion in case of non-reliability of Written Representations about management's responsibilities or failure to provide such Written Representations

If you are the student of EDU91 for CA Intermediate (till 31st December 2024) then you will get flat 50% off on CA Final Audit Classes.

Thanks for reading Audit By Neeraj! Subscribe for free to receive new posts and support my work.

All the best. God bless you!

❤️ Neeraj Arora

और हाँ, सीखते रहें, क्यूँकि सीखना शुरू तो जीतना शुरू 🚀

How does this work?

* You subscribe to my write-ups. (No cost at all)

* Check your email after subscribing.

Shift Audit by Neeraj From Promotion or other tabs to your Main Inbox-

* Check whether CA Inter Audit is in the promotion tab.

* Click and Drag it to your Inbox.

* Click yes on Do this for future Dialog box at the bottom left.

Check the instructions in the picture below.

Also - add auditbyneeraj@substack.com to your contacts in your email account.

In this podcast, we will be discussing SA 265 Communicating Deficiencies in Internal Control to Those Charged with Governance & Management.

SA 265 deals with the auditor’s responsibility to communicate appropriately to TCWG and management deficiencies in IC that the auditor has identified in an audit of FSs.

Objective of auditor as per SA 265

To communicate appropriately to TCWG and management deficiencies in internal control that the auditor has identified during the audit and that, in the auditor’s professional judgment, are of sufficient importance to merit their respective attentions.

To understand the complete SA 265, listen to the podcast.

If you are appearing for the upcoming attempts of ICAI CA Audit Exam then this podcast will definitely be of a great help.

If you are the student of EDU91 for CA Intermediate (till 31st December 2024) then you will get flat 50% off on CA Final Audit Classes.

Thanks for reading Audit By Neeraj! Subscribe for free to receive new posts and support my work.

All the best. God bless you!

❤️ Neeraj Arora

और हाँ, सीखते रहें, क्यूँकि सीखना शुरू तो जीतना शुरू 🚀

How does this work?

* You subscribe to my write-ups. (No cost at all)

* Check your email after subscribing.

Shift Audit by Neeraj From Promotion or other tabs to your Main Inbox-

* Check whether CA Inter Audit is in the promotion tab.

* Click and Drag it to your Inbox.

* Click yes on Do this for future Dialog box at the bottom left.

Check the instructions in the picture below.

Also - add auditbyneeraj@substack.com to your contacts in your email account.

In this podcast, I have discussed the “Concept of Materiality”. Following topics have been discussed in the podcast-

SA 320 deals with the auditor's responsibility to apply the concept of materiality in planning and performing an audit of financial statements.

The concept of materiality is applied by the auditor both in planning and performing the audit, and in evaluating the effect of identified misstatements on the audit and of uncorrected misstatements, if any, on the financial statements and in forming the opinion in the auditor’s report.

If you are appearing for the upcoming attempts of ICAI CA Intermediate Audit Exam then this podcast will definitely be of a great help.

If you are the student of EDU91 for CA Intermediate then you will get flat 50% off on CA Final Audit Classes.

Also, you can get a hands on experience of Auditing with us.

Planning for ACCA? If yes, then we can learn Auditing together.

Thanks for reading Audit By Neeraj! Subscribe for free to receive new posts and support my work.

All the best. God bless you!

❤️ Neeraj Arora

और हाँ, सीखते रहें, क्यूँकि सीखना शुरू तो जीतना शुरू 🚀

How does this work?

* You subscribe to my write-ups. (No cost at all)

* Check your email after subscribing.

Shift Audit by Neeraj From Promotion or other tabs to your Main Inbox-

* Check whether CA Inter Audit is in the promotion tab.

* Click and Drag it to your Inbox.

* Click yes on Do this for future Dialog box at the bottom left.

Check the instructions in the picture below.

Also - add auditbyneeraj@substack.com to your contacts in your email account.