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Similarities between Delhi and Sikkim

 Delhi and Sikkim are although very different in terms of culture, tradition and food however both have some similarities. The first similarity is the area, both Delhi and Sikkim are small where as Sikkim ranks twenty seventh in terms of covered area and similarly Delhi ranks thirty first in terms of covered area. There is high literacy rate in Delhi and Sikkim, Delhi literacy rate is 86.21% and Sikkim's literacy rate is 82.6% which is also thirteenth in rank. Delhi and Sikkim have high human development index, Delhi ranks Fifth with 0.746 HDI and Sikkim ranks tenth with 0.716 HDI. Both Delhi and Sikkim comes in Northern portion of India and shares almost same latitude. Both Delhi and Sikkim are great heritage of culture and language hub.
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Suggested answers – CA Inter EISSM November 2020

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Suggested answers – CA Inter Audit November 2020

1(a) Incorrect -  If law or regulation prescribes in sufficient detail the terms of the audit engagement referred, the auditor need not record them in a written agreement, except for the fact that such law or regulation applies and that management acknowledges and understands its responsibilities as set out 1(b) Incorrect - There should be a periodic review, to assess whether the same continues to be adequate for obtaining requisite knowledge and evidence about the transaction. 1(c) Incorrect - Revenue is recognised when right to receive the payment is established 1(d) Incorrect - Every LLP is also required to submit Statement of Account and Solvency in Form 8 which shall be filed within a period of 30 days from the end of 6 months of the financial year to which the Statement of Account and Solvency relates. 1(e) Incorrect - Should be based on record of recovery. 1(f) Correct - The audit plan is more detailed than the overall audit strategy that includes the NTE of audit procedures to

Suggested answers - ISCA November 2020

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Suggested answers - CA Final Corporate Law November 2020

New Course To be updated Old Course 1 (a) Section 123(1) + Rule 3 Declaration of dividend out of reserve in case of inadequate or no profits 1 (b) (i) Exemption of rule 6. However only for CFS when all its other members have been intimated in writing and for which the proof of delivery of such intimation is available with the company, and do not object to the company not presenting consolidated financial statement, securities are not listed or not in the process of listing on any stock exchange and its ultimate or any intermediate holding company files CFS with the registrar which are following the applicable AS> Opinion CFS is applicable 1 (b) (ii) Term of auditor and rotation for auditor seciton 139(2) and rule 5 class of companies Every listed company or unlisted public company having paid up share capital more than or equal to Rs. 10 crores shall not reappoint individual as auditor for more than 1 term of 5 consecutive years and firm as auditor for more than 2 terms of 5 consecu