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FORENSIC ACCOUNTING AND INVESTIGATION STANDARD NO. 210 ENGAGEMENT OBJECTIVES Contents Paragraph(s) Introduction and Scope ................................................................................. 1 Objectives .................................................................................................... 2 Requirements ……………………..................................................................... 3 Explanatory Comments ……………………. ..................................................... 4 Documentation for Compliance ……………………........................................... 5 Effective Date ............................................................................................... 6 Annexure 1: Indicative List of Nature of Engagement and Possible Objectives This Forensic Accounting and Investigation Standard Number 210, on “Engagement Objectives” issued by the Council of the Institute of Chartered Accountants of India (ICAI) should be read in conjunction wit...

The very basic idea behind doing scrutinzatoin of accounts and ledger is to get audit evidence on whether the ledger is  1. Complete for the 2. No material Misstatement 3. Is made following accounting standards and company policy For this purpose auditor need to  1. Where ever possible take/download/export ledger directly from the accounting software/system used by the company 2. If direct access to the accounting software is not available then get it exported in front of you. 3. If working on remote access basis, then take the ledger from the most authorized and responsible personal to maintain that ledger. (Basic Idea is the source of information should be absolutely correct) Once the ledger is received 1. Start with basics - Vouching is the basic and root step in any scrutiny, if ledger is small vouch for all the entries. (Tip - Vouching depends on manpower hour available with you so use your manpower hours wisely) 2. If ledger is big with many transaction, take good amount...

CA Final New Course MTP November 2020 Date CA Final New Subjects Solution 10.10.2020 Financial Reporting   Answer  11.10.2020 SFM   Answer 12.10.2020  Advance Audit   Answer    13.10.2020   Law  Answer                           CA Final Old Course MTP November 2020 Date CA Final Old Subjects Solution 10.10.2020 Financial Reporting Answer  11.10.2020   SFM   Answer  12.10.2020   Advance Audit   Answer  1...