Why we are not able to take positives edge from Corona Virus outbreak ?

It has been 5 months now when first case of Corona Virus has been confirmed, China is in complete shutdown economically. Even though there are precaution available but no one is absolute confirmed that what is to be done to stop it's mass outspread.

While I was unintentionally studying about this, undoubtedly it has impacted almost all the industries, only hike can be seen is with Pharma and that too is obvious.

However, on 12th May 2020 Prime Minister announced that Rs. 20 Lakh crore economic relief package will be given.

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ICAI Suggested Answers Links

Course Paper Suggested Answers CA Final OLD Paper – 1 : Financial Reporting https://www.icai.org/post.html?post_id=10135 CA Final OLD Paper – 2 : Strategic Financial Management https://www.icai.org/post.html?post_id=10139 CA Final OLD Paper – 3 : Advanced Auditing and Professional Ethics https://www.icai.org/post.html?post_id=10145 CA Final OLD Paper – 4 : Corporate and Allied Laws https://www.icai.org/post.html?post_id=10150 CA Final OLD Paper – 5 : Advanced Management Accounting https://www.icai.org/post.html?post_id=10158 CA Final OLD Paper – 6 : Information Systems Control and Audit https://www.icai.org/post.html?post_id=10164 CA Final OLD Paper – 7 : Direct Tax Laws https://www.icai.org/post.html?post_id=10252 CA Final OLD Paper – 8 : Indirect Tax Laws https://www.icai.org/post.html?post_id=10253 CA Final NEW Paper-1: Financial Reporting...

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.

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 proce...

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