Audit with CA Om Garg

📢 Free Doubt Solving & Mentorship for CA Intermediate Aspirants (till Jan 2026 Exams)
With CA Intermediate exams approaching, consistent clarity and right guidance can make a big difference.

I am happy to share that I am available to take doubts, provide mentorship, and have conceptual discussions for all CA Intermediate aspirants till the January 2026 attempt.

📘 Subjects Covered:
✔ Auditing
✔ Financial Management (FM)
✔ Strategic Management (SM)

📩 How can you ask doubts?
You may reach out via Email or WhatsApp, whichever mode you feel more comfortable with.
💯 Absolutely FREE

This initiative is open to all aspirants, irrespective of whether you are my student or not.
The only objective is to support CA aspirants and strengthen conceptual understanding.
If you are stuck with concepts, questions, revisions, or exam-oriented clarity — feel free to connect.
Email- omgargca@gmail.com
WhatsApp- 9140854176

Let’s work together towards cracking CA Intermediate with confidence 💪📚
👉 Feel free to share this with fellow CA aspirants who may benefit.
— CA Om Garg

1 day ago | [YT] | 5

Audit with CA Om Garg

⭐ Grateful for the Love & Trust! ⭐

When students take out time to rate 5⭐ on Google and appreciate my teaching methodology & conceptual clarity, it truly motivates me to do better every day.

My focus has always been:
✔ Conceptual understanding
✔ Practical exam-oriented approach
✔ Mentorship beyond classes

If you’re a CA Intermediate aspirant looking for strong fundamentals in Audit, FM & Strategic Management, I’d be happy to guide you.
📌 Admissions open – Online & Offline batches available
📩 Feel free to DM for details
Contact- 9140854176

#CAIntermediate #CAStudents #LearningWithConcepts #5StarReviews #CAOmGarg

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4 days ago | [YT] | 8

Audit with CA Om Garg

Your Compliance Partner is Here 🚀

From GST to Audits, ROC to Litigation, I provide end-to-end professional services tailored for businesses, startups & professionals.

🔹 Audit & Assurance
🔹 GST Compliance & Advisory
🔹 ROC & Company Law Matters
🔹 Trademark Registration
🔹 TDS / TCS Compliance
🔹 Litigation Assistance
🔹 Accounting & Book-Keeping
📍 Available both Online & Offline

📈 Practical solutions with professional clarity
📩 DM to book your service or consultation.
Contact- 9140854176
CA Om Garg

4 days ago | [YT] | 8

Audit with CA Om Garg

Case-Based MCQ – Audit 📚🎓👨🏻‍🎓

XYZ Ltd. is a manufacturing company with multiple branches. During the audit, the auditor noted that the company has a policy of conducting cycle counts for inventory instead of performing a complete physical verification at year-end. The auditor reviewed the internal controls and found them to be effective. However, at one branch, the auditor identified discrepancies in the cycle count records and significant obsolete stock that was not written down.
Which of the following is the most appropriate audit response?

A) Continue relying on internal controls and place no additional emphasis on the affected branch as discrepancies are normal in large organizations.
B) Perform additional substantive procedures at the affected branch, including a year-end physical verification and review of inventory valuation.
C) Issue a qualified audit opinion because the existence and valuation of inventory cannot be ensured for the affected branch.
D) Ask management to provide a management representation letter stating that the inventory is correctly valued.

Correct Answer: B
Explanation:

Where internal controls fail at a particular location, the auditor must modify the audit approach for that area by increasing substantive procedures. A qualification is not immediately appropriate unless misstatement is material and pervasive. A representation letter alone is insufficient as primary audit evidence.

2 weeks ago | [YT] | 3

Audit with CA Om Garg

Case Scenario MCQ 📚🎯👨🏻‍💼

During the audit of XYZ Ltd., the auditor notices that sales have increased by 35% in March, the last month of the financial year. On inquiry, management states that goods were “pre-dispatched” to the warehouse area outside the factory gate due to shortage of space, and invoices were recorded as sales. No delivery challans to customers were available.

Which assertion is MOST likely violated?
A. Completeness
B. Occurrence
C. Accuracy
D. Classification

Correct Answer: B. Occurrence
The company has recorded sales even though the goods have not actually been delivered to customers. Simply moving goods to a warehouse area near the factory does not constitute a sale. Since no delivery challans or evidence of actual transfer to customers exists, the sales may not have actually occurred, even though they are recorded.

This directly affects the Occurrence Assertion — which ensures that recorded sales have actually taken place.
Therefore, the MOST likely violated assertion is B. Occurrence.

1 month ago | [YT] | 3

Audit with CA Om Garg

Case Scenario MCQ (Difficult Level) 📚👨🏻‍💼

During the audit of XYZ Ltd., the auditor notices that the company has capitalized certain expenses related to employee training on a newly installed machinery, claiming these costs are directly attributable to bringing the asset to its intended use. The total cost capitalized is material in nature.

Question:
As an auditor, what should be the most appropriate response in this situation?
A. Accept management’s treatment as training cost improves employee efficiency, which is necessary for operating the new asset.
B. Recommend management to expense the training cost as it does not meet the recognition criteria of an asset under AS 10 / Ind AS 16.
C. Ignore the matter as the costs are not directly related to physical installation of the machinery.
D. Capitalize the cost provisionally and disclose the same as an accounting estimate.

✅ Correct Answer: B
Reason:
Training costs are not considered directly attributable to bringing the asset to its working condition; hence, they should be expensed in the period in which they are incurred (AS 10 / Ind AS 16).

1 month ago | [YT] | 4

Audit with CA Om Garg

Case Scenario MCQ 👨🏻‍💼📚

ABC Ltd. is a manufacturing company that follows a perpetual inventory system. During the audit, the auditor observes that:
The company conducts inventory counts only at year-end.🏃🏻‍♂️
A significant portion of raw materials is stored at a third-party warehouse, but no confirmation has been obtained by management.
Inventory valuation includes abnormal wastage as part of production cost.

Which of the following is the MOST appropriate audit response?
A. Rely on management’s year-end inventory counts and perform only price testing.
B. Issue a qualified opinion due to scope limitation relating to third-party warehouse.
C. Perform alternative audit procedures for third-party inventory and recommend exclusion of abnormal wastage from cost.
D. Emphasize Matter paragraph highlighting inventory storage at third-party warehouse.

Correct Answer: C👆🏻

1 month ago | [YT] | 3

Audit with CA Om Garg

📢 BIG DAY TOMORROW!

Results for CA Foundation & CA Inter will be declared! 🔔✨
To all the aspirants out there –
Remember, results don’t define your worth, your effort does.

Whether it’s a win or a lesson, tomorrow is just one step in your long professional journey. 💪
✅ If you clear – celebrate, stay humble & keep moving forward.
✅ If you don’t – don’t lose heart. Regroup, refocus & rise stronger. Many rankers were once re-attempters.

Your dedication, sleepless nights, sacrifices & hard work already make you a fighter. 🎯

Believe in yourself – success may come tomorrow or the day after, but it WILL come.
All the very best! 🌟
– CA Om Garg

1 month ago | [YT] | 6

Audit with CA Om Garg

🇮🇳 What a proud moment for our nation! The Indian Women’s Cricket Team has shown that dreams backed with determination and discipline always lead to glory. You’ve inspired every young girl to believe that boundaries are meant to be broken — not feared. 🏏💪

#WomenInBlue #ProudMoment #IndianCricket #GirlPower #WorldCupFinal #TeamIndia

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1 month ago | [YT] | 5

Audit with CA Om Garg

🎯 CA Intermediate Mock Test Series – Audit & FM/SM (January 2026 Attempt) 🎯

Hey Future CAs! 👋
I’m super excited to announce that I’m starting a Mock Test Series exclusively for CA Intermediate students for their upcoming exams!

📘 Subjects Covered:
Audit
FM & SM

🧾 Series Highlights:
✅ 15–20 Mock Tests of different marks & durations (50, 75 & 100 marks)
✅ Chapter-wise PPTs for quick revision & concept clarity
✅ Write your tests from home & send scanned copies for evaluation
✅ Personal feedback & one-on-one guidance after every test
✅ Full mentorship & support till exams
✅ Duration – 2.5 to 3 months

If you’re serious about score improvement & exam readiness, this batch is for you! 💪
📩 For enrolment & details, contact: 9140854176

Let’s make your CA Inter journey more confident & structured!
#CAIntermediate #MockTestSeries #Audit #FMSM #CAStudents #CAMentorship

1 month ago | [YT] | 3