whether a student who passed CA IPCC Group 1 (Accounting, Auditing and Law) in 2012 is eligible to get an exemption for those papes in September 2024?
hello
The eligibility for exemptions in the CA IPCC (now known as CA Intermediate) exams is governed by the Institute of Chartered Accountants of India (ICAI). According to the ICAI, exemptions are valid for a certain period.
If a student passed CA IPCC Group 1 (Accounting, Auditing, and Law) in 2012, they would have been eligible for exemptions in those subjects for a period of 3-4 years from the date of passing. However, since it has been more than 12 years since passing, the exemptions would have lapsed.
To confirm, I recommend checking the ICAI website or contacting the ICAI directly for the most up-to-date information on exemption validity and any possible extension or reinstatement provisions. They will be able to provide the most accurate and personalized guidance for your specific situation.
https://finance.careers360.com/articles/ca-intermediate-exam-pattern
Question : Which of the following item is not included in Environmental Auditing?
Option 1: Pollution monitoring schemes
Option 2: Scrutiny by the government agencies
Option 3: Safety provisions for industrial workers
Option 4: Storage of toxic chemicals
Correct Answer: Scrutiny by the government agencies
Solution : The correct option is Scrutiny by the government agencies.
Environmental auditing does not include government agency scrutiny. Environmental auditing is a voluntary procedure in which a company evaluates its own environmental performance. It is not a statutory necessity, and government entities are not usually involved in the process.The audit may discover compliance concerns, but it is not mainly concerned with assuring environmental compliance. The audit may also reveal chances for the organisation to decrease its environmental effect, strengthen its environmental management systems, or avoid environmental incidents.
Question : In India, who among the following is responsible for auditing all receipts and expenditures of the union and state governments?
Option 1: Attorney General for India
Option 2: Advocate General
Option 3: Union Public Service Commission
Option 4: Comptroller and Auditor General
Correct Answer: Comptroller and Auditor General
Solution : The correct answer is Comptroller and Auditor General.
In India, the Comptroller and Auditor General (CAG) is responsible for auditing all receipts and expenditures of the union and state governments. The CAG is an independent constitutional authority and plays a crucial role in ensuring financial accountability and transparency in the government's financial operations.
which has more scope and salary between bcom accountancy and finance or bcom accounting, auditing and taxation
Hello aspirant,
There is nothing much of a difference seen by people in job market among the both.
Some basic points of difference in both the courses are:
Bcom is related to accounting and finance + other areas of business and trade.
B.A.F. is related to accounting and finance.
BCom: since the course is general in nature. However, have a wider choice in higher studies that would get a good start to your career.
B.A.F.:since the course is general in nature, you need to do a specialisation in accounting/finance higher studies to get a good start to your career.
Bcom: The choices are wider and students gets basic idea of other areas of commerce and trade, viz., HR, export-import, economics etc., However, since there is no specialisation to choose, it lacks focus in any one area of study, though accounting is a major subject in the bcom(honours) gives students a choice of specialisation in its last year
B.A.F. :Students are given all the basic training in accounting and finance. However, it neglects other areas of commerce and trade viz., HR, export-import etc.,
Bcom: It is for studdents who want to get a graduation degree and who are basically good in accounting, but are also open / would like to have a wider choice of subjects for higher studies later viz., Economics, Industrial Psychology, HR, Export-Import etc.,
B.A.F.: BAF is for students who are determined to make a career in accounting & finance field.
Hope this helps you
All the best for your future
which degree is best for ca bcom accountancy and finance or bcom auditing taxation and accounting is best
hello Adhil,
ICAI conducts the CA exams list in India consists of 3 names – CA Foundation, IPCC and CA Final. Candidates need to clear the entire CA exam list in order to become a professional in this field.
where as, BCom is a 3-year Undergraduate program that focuses on subjects related to commerce, Economics, Business Law, Accountancy, Taxation and finance.
If you are a disciplined and focused kind of student, I suggest you to pursue CA and bcom simultaneously. CA foundation and 1st semester bcom are almost the same but the only thing is CA is a bit difficult compared to bcom as far as CA Foundation is concerned. BAF will absolutely right choice if we want to pursue CA with b.com
BCom with CA is divided into six semesters. Various topics such as financial accounting, economics, company law, corporate tax, auditing, business management, etc., and many more are present in BCom Syllabus to increase the skill threshold of the student.
for more information please visit the following link
Hope this will help you a lot,
Thank you
do greit have auditorium ? can anyone
Hello,
Yes Gokaraju Rangaraju Institute of Engineering and Technology, Hyderabad provides auditorium facility. The facilities provided by Gokaraju Rangaraju Institute of Engineering and Technology, Hyderabad are Boys hostel, Girls hostel, Gym, Library, Sports, Cafeteria, Hospital, IT infrastructure, Transport, Laboratories and Bank facilities. Gokaraju Rangaraju Institute of Engineering and Technology, Hyderabad was established in the year 1997. GRIET is a self-financed institute and is permanently affiliated to and autonomous under JNTUH, Hyderabad and is approved by AICTE.
what is internal and external auditing ?
.
- Internal auditors are independent, objective assurance and consulting activity designed to improve organisation.
- External auditors should with specific with laws and rules for financial statements of organisations.
- Internal auditors examine issues related to company business practices and Risk's.
- External auditors examine the financial records and issues/opinions regarding financial statements.
- Internal Audits are conducted throughout the year
- external Audits are conducted a single annual audit
- internal audits are company employees
- External Audits work for outside Audits
- Internal auditors are hired by company
- external Audits are hired by share holders
In simple internal auditors are working for building company reputations and external auditors work to maintain a company reputation without having any external problems of financial issues.
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hope I was relevant and cleared your question.
thank you