CA Final Audit - Reporting - (SA-700,SA-701,SA-705,SA-706,SA-710,SA-7200 Revision lectures

🔹 Download the Lecturepedia App 📲: https://play.google.com/store/apps/de... 🔹 Enroll in Regular Classes 🎓: https://lecturepedia.in/ 🔹 Join Our Telegram Channel 📢: https://telegram.me/lawbycabalakrishna 🔹 Download Notes 📖: https://lecturepedia.in/freeresources... 🔹Join Whatsapp Channel : https://whatsapp.com/channel/0029Va5Q... 🔹 Join Our Telegram Group 🤝: https://telegram.me/CABalakrishna 📞 For Class Enquiries (WhatsApp Only): 7816002315 📩 Email: cabalakrishna1@gmail.com Contents of Video 00:00 - Introduction 04:14 - SA 700 Forming an Opinion and Reporting on Financial Statements 36:35 - SA 705 Modifications to the Opinion in the Independent Auditor’s Report 01:04:34 - SA 701 Communicating Key Audit Matters in the Independent Auditor’s Report 01:15:25 - SA 706 Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor’s Report 01:29:18 - SA 710 Comparative Information –Corresponding Figures and Comparative Financial Statements 01:46:14 - SA 720 The Auditor’s Responsibility in Relation to Other Information 🔗 Stay Connected & Learn More 🔗 👉 Instagram: https://tinyurl.com/3hx4sy32 👉 Facebook:   / cabalakrishnakovuru   👉 LinkedIn:   / ca-balakrishna-kovuru-948529219   Boost your CA studies with Lecturepedia, your one-stop destination for expert-led classes, study materials, and guidance. 🎯 Stay ahead in your CA journey with expert guidance from CA Balakrishna Kovuru! 🚀 Subscribe for the latest updates, study tips, and in-depth subject insights. 📢 Welcome to this CA Final Audit Revision Class! 🚀 In this video, we cover important auditing standards related to *audit reporting* under the ICAI framework. Understanding these standards is crucial for forming an opinion, reporting modifications, highlighting key audit matters, and dealing with comparative information. ✅ SA 700 – Forming an Opinion and Reporting on Financial Statements SA 700 guides auditors on forming an opinion about whether financial statements are presented fairly in accordance with the applicable financial reporting framework. It defines different types of opinions—**Unmodified, Qualified, Adverse, and Disclaimer**—and establishes reporting requirements. ✅ SA 705 – Modifications to the Opinion in the Independent Auditor’s Report SA 705 explains when an auditor must issue a *Qualified Opinion, Adverse Opinion, or Disclaimer of Opinion* due to material misstatements or limitations in obtaining sufficient audit evidence. ✅ SA 701 – Communicating Key Audit Matters (KAMs) in the Independent Auditor’s Report SA 701 requires auditors to report *Key Audit Matters (KAMs)* to enhance transparency. These matters include significant risks, complex transactions, and areas where the auditor exercised significant judgment. ✅ SA 706 – Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor’s Report SA 706 covers *Emphasis of Matter (EOM) paragraphs* and *Other Matter (OM) paragraphs* to draw attention to specific issues that are important for users but do not modify the audit opinion. ✅ SA 710 – Comparative Information – Corresponding Figures and Comparative Financial Statements SA 710 deals with *comparative information* in financial statements. It explains how auditors should handle *corresponding figures* and *comparative financial statements* when reporting on the current period’s financials. ✅ SA 720 – The Auditor’s Responsibility in Relation to Other Information SA 720 outlines the auditor’s responsibilities regarding *other information included in annual reports**, such as management discussions, directors' reports, and corporate governance disclosures. Auditors must ensure that **this information is not misleading* in relation to audited financial statements. 📚 What You’ll Learn in This Video? 🔹 Key Principles & Requirements of SA 700, 705, 701, 706, 710 & 720 🔹 Types of Audit Opinions & When to Modify Reports 🔹 How to Identify & Report Key Audit Matters (KAMs) 🔹 Comparative Information & Responsibilities for Other Information 🔹 Exam-Oriented Insights & Practical Examples 🎯 Who Should Watch? ✔️ Students looking for quick revision & conceptual clarity ✔️ CA aspirants preparing for ICAI exams 📌 More CA Final Audit Revision Classes: ▶ Watch Other Audit Topics: [   • CA Final Audit Revision for May 2025 ...  ](   • CA Final Audit Revision for May 2025 ...  ) --- #CAFinalAudit #AuditReporting #SA700 #SA705 #SA701 #SA706 #SA710 #SA720 #AuditOpinion #KeyAuditMatters #ComparativeFinancialStatements #CAFinalRevision #ICAI #CAExamPreparation #Lecturepedia