Vikas Sharma

SRE 2400 (Revised), Engagements to Review Historical Financial Statements (part 1 of 2): limited assurance, who may use the standard, acceptance, materiality, and inquiry and analytical procedures4 Oct 2026 SRS 4410 (Revised), Compilation Engagements: when the standard applies, what the practitioner does and does not do, misleading information, documentation and the compilation report4 Oct 2026 SRS 4400, Engagements to Perform Agreed-upon Procedures regarding Financial Information: objective, terms of the engagement, procedures and evidence, and the report of factual findings4 Oct 2026 Audit of educational institutions and hospitals: understanding the entity, fee and patient billing income, grants, medicine and consumable inventories, fixed assets and payroll4 Oct 2026 Audit of charitable trusts, societies and NGOs: understanding the entity, grants and donations, restricted funds, foreign contribution, programme expenses and the auditor's report4 Oct 2026 Audit of share capital, reserves and borrowings: authorisation by the board and members, statutory registers and filings, loan agreements, charges, covenants, lender confirmations and finance costs4 Oct 2026 Audit of trade payables, expenses, provisions and cash and bank balances: the search for unrecorded liabilities, supplier and bank confirmations, bank reconciliations, cash counts and litigation and claims4 Oct 2026 Audit of revenue and trade receivables: the presumed fraud risk in revenue recognition, cut-off tests, external confirmations, alternative procedures, ageing and the allowance for doubtful debts4 Oct 2026 Audit of inventories: attending the physical count, cut-off, roll-forward procedures, valuation at cost or net realisable value and stock held by third parties4 Oct 2026 Audit of property, plant and equipment and intangible assets: the assertions, what the auditor verifies for additions, disposals, depreciation, title and impairment, and the documents to keep ready4 Oct 2026 Audit, review, agreed-upon procedures and compilation: what each engagement is, the level of assurance it gives and when a business needs which4 Oct 2026 ITFG clarifications on Ind AS 116: the lease term of a lease renewed year after year, long-term land leases paid for by a premium, mineral extraction rights, escalating rentals in the lessor's books and transition questions4 Oct 2026