00:11 Discussion on balance sheet and assertions 07:01 Importance of Assertions in Balance Sheet Audit 12:08 Validation and valuation of balance sheet items 14:16 Importance of proper cut off in financial statements 19:04 Understanding obligations in the balance sheet 20:56 Understanding rights and obligations in audit of items of FS 25:02 Key points for Audit Of Items Of FS 26:47 Focus on specific balance sheet questions. 30:29 Understanding the points of external confirmation 34:26 Audit procedures for transactions and related parties 39:04 Aging analysis helps assess receivables risk. 40:53 Important points in Audit Of Items Of FS 44:30 Direct Confirmation Procedure for Cash and Bank Balances 46:14 EEFC account for maintaining foreign currency in Indian banks 51:21 Importance of proper cash counting process 53:27 Importance of Cash Budget in Audit 58:04 Importance of Physical Verification and Inventory Management 59:48 Understanding inventory valuation techniques 1:05:02 Importance of understanding common practices in ICI 1:07:06 Understanding the conversion of raw material and job work in audit 1:10:40 Understanding the audit of items on the balance sheet 1:12:31 Understanding the valuation and cut-off completeness in auditing 1:16:51 Understanding the changing trend in exam questions 1:19:07 Importance of understanding different audit approaches 1:22:50 Understanding cost of raw material in business valuation 1:24:34 Understanding variance on standard cost and actuals 1:28:48 Valuation of inventories at NRV 1:31:19 Verification of application of Lower Cost and NRV Principle 1:35:21 Proper capital expenditure procedure and asset utilization 1:37:07 Key Points on Audit of Items of Financial Statements 1:40:43 Audit of items of financial statements 1:42:39 Audit of Day to Day Servicing Your Books 1:47:49 Importance of proper policy for depreciation and valuation 1:49:47 Verification of title deeds for immovable properties 1:54:10 Understanding the importance of revaluation in audit 1:56:07 Discussion on completion timelines and project expenses 2:00:21 Development expenses should be charged as a revenue expenditure 2:02:58 Key points on asset valuation and disclosure 2:06:51 Importance of disclosing questionable transactions 2:08:41 Understanding the audit of items of financial statements 2:12:20 Auditor needs concrete evidence of ownership for land and building additions. 2:14:21 Understanding disclosure requirements for loans to promoters. 2:19:16 Stages and elements of cost involved in absorption of overheads
1:10:25 The way he explained the situation clearly states how desperatly he was trying to make us understand the question That's what make him the greatest teacher of Auditing 🔥
Jo lecture dekh raha hai woh iss video ko like naa kare toh paap lagega ,great chapter sir,great awareness students ko kaunse chapter psnd hai/nhi psnd,kya padhte hai nahi padhte THANK you very much Sir
i have a question abt the test your understanding 1. Can the answer to it also be completeness cause acc to the assertions page of balance sheet (Pg 5.8) in our module it is written there too that the inventory held by entity on behalf of third party should be excluded. PLS SOMEONE HELP ME IN THIS
Agar ch-4 ko ek bar bhi nhi pada ho aur sidhe ch-5 ko karna ho toh kya samajne mai koi dikkat hogi ya samaj toh aahijayega Mtlb Kam toh chal jayega kya Bina ch-4 pade Koi plz iss bare Mai guidance dedo 🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻
@@nehasaraf6079Neha, do you have the question bank provided by Rishab sir for audit? Actually, I wanna know whether it contains mcqs & correct - incorrect or not?
27:36 - RECEIVABLES
44:45 - CASH AND CASH EQUIVALENT
54:30 - INVENTORIES
1:04:00 - QUE ON INVENTORY
1:32:00 - PPE
1:57:00 - INTANGIBLE ASSETS
Thanks purva
2:04:25 - LOANS AND ADVANCES
00:11 Discussion on balance sheet and assertions
07:01 Importance of Assertions in Balance Sheet Audit
12:08 Validation and valuation of balance sheet items
14:16 Importance of proper cut off in financial statements
19:04 Understanding obligations in the balance sheet
20:56 Understanding rights and obligations in audit of items of FS
25:02 Key points for Audit Of Items Of FS
26:47 Focus on specific balance sheet questions.
30:29 Understanding the points of external confirmation
34:26 Audit procedures for transactions and related parties
39:04 Aging analysis helps assess receivables risk.
40:53 Important points in Audit Of Items Of FS
44:30 Direct Confirmation Procedure for Cash and Bank Balances
46:14 EEFC account for maintaining foreign currency in Indian banks
51:21 Importance of proper cash counting process
53:27 Importance of Cash Budget in Audit
58:04 Importance of Physical Verification and Inventory Management
59:48 Understanding inventory valuation techniques
1:05:02 Importance of understanding common practices in ICI
1:07:06 Understanding the conversion of raw material and job work in audit
1:10:40 Understanding the audit of items on the balance sheet
1:12:31 Understanding the valuation and cut-off completeness in auditing
1:16:51 Understanding the changing trend in exam questions
1:19:07 Importance of understanding different audit approaches
1:22:50 Understanding cost of raw material in business valuation
1:24:34 Understanding variance on standard cost and actuals
1:28:48 Valuation of inventories at NRV
1:31:19 Verification of application of Lower Cost and NRV Principle
1:35:21 Proper capital expenditure procedure and asset utilization
1:37:07 Key Points on Audit of Items of Financial Statements
1:40:43 Audit of items of financial statements
1:42:39 Audit of Day to Day Servicing Your Books
1:47:49 Importance of proper policy for depreciation and valuation
1:49:47 Verification of title deeds for immovable properties
1:54:10 Understanding the importance of revaluation in audit
1:56:07 Discussion on completion timelines and project expenses
2:00:21 Development expenses should be charged as a revenue expenditure
2:02:58 Key points on asset valuation and disclosure
2:06:51 Importance of disclosing questionable transactions
2:08:41 Understanding the audit of items of financial statements
2:12:20 Auditor needs concrete evidence of ownership for land and building additions.
2:14:21 Understanding disclosure requirements for loans to promoters.
2:19:16 Stages and elements of cost involved in absorption of overheads
1:10:25 The way he explained the situation clearly states how desperatly he was trying to make us understand the question That's what make him the greatest teacher of Auditing 🔥
yes exactly i was amazed
Everything is temporary in this world except your sardi zukan❤
Sir your perfect
Even though mos of us like him with the sound, he exert during his suffering i.e, jukaam 🤪
Lots of love MR. AUDITGURU❤️🔥
😂😂
He is so good with this🙈😂❤
2:19:37 Sir's Smile till the End Still the same from start of the lecture..The energy level🔥🔥
Jo lecture dekh raha hai woh iss video ko like naa kare toh paap lagega ,great chapter sir,great awareness students ko kaunse chapter psnd hai/nhi psnd,kya padhte hai nahi padhte
THANK you very much Sir
Thank you so much sir!
You made this chapter easy and interesting
@@saurabhdholkheria bhai to sb vhi krvate hai.....revisions lectures h cocept p focus hota h
@@saurabhdholkheriaso called star teachers se toh bohot better samjhaya , 7000 deke bhi wo aisa nhi samjha paye
@@saurav01 No KG was harmed here😂😂
1:31:47 land building plant and equipment
Positive..Powerful... Enthusiastic...Cheerful....Innocent...Best Mentor....HUmble.....Thank You Sir for this lecture..🥰🥰
Sir,,
You are exactly resembling like south hero Prabhas😅
heyy can you please share this chp pdf pdf because part a and b in not available
This man is a gem seriously!!!❤
6:13
21:33 26:23
list of all important points
7:10 Balance Sheet Assertions
Thank you so much sir ❤ you made it so easy
27:36 RECEIVEABLES
44:45 CASH AND CASH EQUIVALENT
THANK YOU SOO MUCH SIR VERY HELPFUL AND CONCEPTUAL SESSION
2:11:40 questions
1:04:00 inventory ques
Sir kese thank u bolu apko thank u so muchh cant be more greatful to god for having you sir❤❤❤❤
2:09:09Approach for chapt 5 and 9
heyy can you please share this chp pdf pdf because part a and b in not available]
Thanks to that ..Girl.who recommends me ..thank you sir❤❤
SQ for assets 21:46
Balance sheet captions heading mein example profit and loss ka aya hain
5:55 starts
1:16:16 IMPORTANT ( personal )
Sir you have no idea how helpful this lectures have been 🥺❤️
Can't wait to clear my attempt and be thankful to youuu
thank yousir.you explained so well that i feel it is the easiest chapter of whole audit
Sir maja aa gaya 😊😊😊😊😊😊full chapter revised and cover with all exam questions.
amazing lecture.... highly recommend this to everyone
can i watch his all FastTrack lecture ...is it useful ?
PPE 1:32:00
legend teacher❤❤
I hope these kind of understanding based questions will be asked in exams. 🙂
I really don't like the current ratta maar exam patterns. 🤕🤕
No words thanks a lot i was going to leave this chapter but u made this ch. My fav. one
osm teaching sir ji .....❤💯 #RJSIR❤💯💯 #alltimefav❤❤ #favsir❤💯
6:17 Start
2:11:10 it is actually vast
Thankyou so much Sir..!!
1:20:00 Acca
To continue 38:10
tysm,hare krishna
Thank you sir ji
i have a question abt the test your understanding 1. Can the answer to it also be completeness cause acc to the assertions page of balance sheet (Pg 5.8) in our module it is written there too that the inventory held by entity on behalf of third party should be excluded. PLS SOMEONE HELP ME IN THIS
6:10 lec starts
Sir u looks like actor Surya,
Anyone who agrees with me?
Sir chp 9 nhi karaya h? Audit of banks...
Thank you Sir🙏, and how passionate are you about teaching??
1:12:46
1:04:11 2:11:53
1:20:00
love you sir
thank you so much sir
chapter 5 ka pura hi ek alg subject bna dena chahiye , btw thanku very much sir itna ache se smjhane ke liye
Sir aapka batch kitne din aur rahega please bataye guru ji 🙏🙏🙏🙏 apne chele ka dhyan rakhe
1 april
@@smeyy5038 why are you misguiding everyone
Agar ch-4 ko ek bar bhi nhi pada ho aur sidhe ch-5 ko karna ho toh kya samajne mai koi dikkat hogi ya samaj toh aahijayega
Mtlb Kam toh chal jayega kya Bina ch-4 pade
Koi plz iss bare Mai guidance dedo 🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻
Haan
No problem
21:58
Sir will these lectures be available till exams?
yes surely
@@nehasaraf6079Neha, do you have the question bank provided by Rishab sir for audit? Actually, I wanna know whether it contains mcqs & correct - incorrect or not?
@@tirthsomaiya209 YES THEY DO CONTAIN both as well
@@varunagrawal4718Ok thanks bro👍
@@varunagrawal4718 Hi Varun I wanted to know k kya rishabh sir ka books Lena worth hai? Muje ek person sell kar raha hai in soft copy
Kab tak pura fastrack batch upload ho jaegaa
🙏🏻
24:00 ye may 24 me aaya tha
Sare SA khatam hogye kya
Pura audit ek taraf and chapter 5 ek taraf...
Whole syllabus has been completed?.. anybody plz reply
No not yet
CARO ek lecture mei hogya itna hi toh nhi tha bs
Sir please 🥺 cover remaining SAs for jan 25 students......
yes sir plzzz
Same hai bro
@@miftadghodi9031konsa cover nhi karaya hai sir ne?? Please mention
@@ayeshakalim6399many!!
Please accept my deepest thanks
Thank you very much sir❤
1:14:00
Loans 2:04:30
1:32:00
thank you sir🥰
1:53:58
2:07:05
2:02:40
Revision of tangible intangible
1:00:23