It was seen from the adjusted review report of the budget summaries of ULFA Ltd. for the year finished 31st March, 2019 that devaluation of ' 4.25 crore for the year 2018-2019 had been charged off to the Statement of Profit and Loss as opposed to remembering it for "conveying estimation of resource under development". State comparable to the review for the year finished 31 st March 2020, regardless of whether such adjustment in the earlier year's review report would have any review suggestion for the current year for example FY 2019-20 and if indeed, how the examiner is needed to manage the equivalent in his review report for the current year? (5 Marks)

(b) BETA Ltd is the Subsidiary organization of ALPHA Ltd. PQR and Associates has been delegated as inspector of ALPHA Ltd. for the Financial Year 2019-20 and MNO and Associates has been selected as evaluator of BETA Ltd for the year 2019-20. Clarify the job of PQR and Associates and MNO and Associates as examiners of the parent organization and auxiliary organization individually. (4 Marks)

(c) Mr. Aniket, a Chartered Accountant was the inspector of 'Alpha Limited' for the year 2018-19 and 2019-20. During the monetary year, the speculation showed up yet to be determined Sheet of the organization producing ' 11 lac and was a similar sum as in the most recent year 2018-19. Later on, it was discovered that the organization's speculations were just for ' 45,000, notwithstanding, the estimation of ventures was swelled to acquire higher measure of Bank advance. Remark concerning the Chartered Accountants Act, 1949, and Schedules thereto. (5 Marks)

3. (a) Solar Limited is a public area undertaking occupied with creation of power from sun oriented force. It has begun another undertaking close to Puducherry with another innovation for an expense of

' 9,750 crore. In spite of the fact that there is delay in initiation of venture and likewise, there has been overwhelmed in the expense. Express the issues C&AG while leading Comprehensive Audit may cover in providing details regarding the presentation and effectiveness of this project. (4 Marks)

(b) (i) While leading GST Audit of RST Limited., you have noticed the accompanying:

RST Limited has sent out merchandise to MNP Limited situated in USA. The estimation of products is

$2,00,000. The conversion standard ('/$) on the date of recording Shipping Bill is-CBEC advised rate '65

RBI reference rate '68

At the hour of accepting cash, the bank traded the unfamiliar money at ' 70.

How might you report the changes, assuming any, in turnover because of unfamiliar trade variances in Reconciliation explanation in Form GSTR 9C recommended regarding Rule 80(3) of CGST Rules, 2017.

(ii) Will your answer be extraordinary if conversion scale ('/$) at the hour of accepting cash, the bank traded the unfamiliar money at '66. (6 Marks)

(c) Mr. Dhruv, a rehearsing Chartered Accountant, didn't finish his work identifying with the review of the records of an organization and had not presented his review report in due an ideal opportunity to empower the organization to conform to the legal necessities. Remark regarding the Chartered Accountants Act, 1949, and Schedules thereto.