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13 Dec 23

The Significance of Assertions in Financial Audit Integrity (Part v)

In the intricate world of audit, the assertion of “Accuracy/Valuation” stands as a pivotal cornerstone. This assertion delves into the meticulous scrutiny of financial elements within an organization’s statements, ensuring the precision and reliability of reported values and measurements. It encapsulates the accuracy of reported figures, encompassing asset valuations, liabilities,…

12 Dec 23

The Significance of Assertions in Financial Audit Integrity (Part iv)

In the realm of auditing, the assertion of “Completeness” serves as a cornerstone, ensuring that financial statements encompass all transactions, balances, and disclosures essential for transparent and accurate reporting. This critical assertion focuses on the inclusion of all pertinent information without omissions, providing stakeholders with a comprehensive view of an…

11 Dec 23

Overview of International Taxation , DTAA by CA Avinash Gupta – Day 1

Day 1 Overview of International Taxation , DTAA by CA Avinash Gupta Organisers: CA Deepak Gupta (Studycafe) CA SAngam Aggarwal

08 Dec 23

The Significance of Assertions in Financial Audit Integrity (Part iii)

In the intricate landscape of auditing, the assertion of “Existence/Occurrence” stands as a fundamental pillar in ensuring the integrity and accuracy of financial statements. This assertion is pivotal in validating the legitimacy of an organization’s financial data, assuring that reported assets, liabilities, and transactions truly exist and have occurred during…

04 Dec 23

Certificate Course on Taxation of Royalties – Day 1

Taxation of Royalties u/s 9(1)(vi) Relevant judicial pronouncements. Link for the PPT: https://voiceofca.in/siteadmin/docume… Speaker: CA. Avinash Gupta Moderator: CA. Rishabh Agarwal DISCLAIMER:- This Video is for the purposes of information/knowledge and shall not be treated as a solicitation in any manner or of for any other purposes whatsoever. It shall…

27 Nov 23

The Significance of Assertions in Financial Audit Integrity

Audit assertions are pivotal elements in auditing, representing management’s implicit or explicit claims about the financial information presented in an organization’s financial statements. These assertions guide auditors in evaluating the reliability and accuracy of financial data. However, while they serve as crucial tools in the auditing process, they also come…

22 Nov 23

The Significance of Assertions in Financial Audit Integrity (Part i)

Audit assertions form a cornerstone of the auditing process, serving as essential criteria for evaluating the completeness, accuracy, and validity of financial information presented in an organization’s financial statements. These assertions, fundamental to auditing standards, guide auditors in assessing the reliability of financial reporting and ensuring the integrity of financial…

19 Nov 23

Expectation Gap in External Audits (Part iii)

The expectation gap in audit has long been a topic of discussion and concern within the financial and auditing sectors. It refers to the difference between what the public and stakeholders believe auditors should achieve and what they actually can and do achieve. This gap can lead to misunderstandings, mistrust,…

16 Nov 23

Expectation Gap in External Audits (Part ii)

The audit expectation gap can be categorized in three distinct dimensions: the knowledge gap, the performance gap, and the evaluation gap. This article explains each dimension in detail, shedding light on their individual characteristics and the collective impact they have on the understanding and perception of external audits. I. The…

14 Nov 23

Expectation Gap in External Audits

The expectation gap in external audits is a complex phenomenon that has garnered significant attention in the realm of financial reporting and auditing. This article delves into the multifaceted nature of the expectation gap, examining its origins, its implications for stakeholders, and proposed strategies to bridge this divide effectively. Defining…

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