[hellofdh]

Thank you mam from saving me to suggest expert advice and relying on other people as audit procedures for other similar questions

Thank you thats a very helpful explanation

[hellofdh]

Thank you. Kaplan kit mustve written it incorrectly

[hellofdh]

Thank you sir
Im sorry to bother you again over this but can you please clear how is this a self interest threat to an independent auditor? Please help

[hellofdh]

Thank you sooooo much sir, may you live long!!

[hellofdh]

Yes Sir I have listened to all your lectures.

This is what made me confused, I can’t process this, can you elaborate, pleaasee??
”The quick ratio should ideally be at least 1 for companies with a slow inventory turnover. For companies with a fast inventory turnover, a quick ratio can be less than 1 without suggesting that the company is in cash flow difficulties. ”

[hellofdh]

thanks again sir, all the credit goes to you!! ??

[hellofdh]

Bestttt.. thanks a ton!!!

[hellofdh]

No sir, The book says two things im confused

One says ‘the court must refuse to apply an act that contravenes EU law’

‘Provisions of EU directives should not be used to interpret UK law’

[hellofdh]

What is meant by provisions in EU directives? Shouldnt the interpretation always be compatible with the Europeon convention on Human Rights?

[hellofdh]

Um ok sir so if I get a similar question in exam, and The person liable has included a disclaimer… it would not be valid as an exclusion clause. Have I put it right?

[hellofdh]

ok but doesnt the disclaimer exclude his liability atleast..

[hellofdh]

The full question is; In context of company finance which of the following is usually paid FIRST on liquidation of a company?
A. Floating charge creditors
B. Ordinary shareholders
C. Fixed charge creditors
D. Preference shareholders

And the answer given is A.

Also, I’m genuinely so grateful for your lecture of this topic and all other topics.. you’re my new favorite, you’ve explained it so well Sir, thanks a ton!!!!

[hellofdh]

Exactly, so the answer given behind Kaplan kit which says Floating charge creditors is wrong?

Also the company is liquidating in this case

[hellofdh]

Thanks a ton sir for making the concept 100 times clearer to me… and your explanation definitely confirms the answer given behind the book (C) to be wrong.

[hellofdh]

So Is C ostensible authority? What is implied authority then

Please elaborate sir

[hellofdh]

It is absolutely ok sir.. Thanks a ton..

SO im assuming that the answer given behind bpp, which says that the appeal would be to high court is wrong.

[hellofdh]

Kaplan text says the same thing that from magistrates court, case on questions of facts (i.e whether defendant is guilty or not) goes to crown court.. but case stated appeals on point of law from Magistrates court goes to high court.

Could you please explain the answer for the mcq with the help of these references It’ll help a lot please sirrr

[hellofdh]

Sir im so confused, bpp says all criminal case appeals go to crown court.. both the diagrams of english civil court say the same thing… Why would a criminal case appeal go to county court I assume that is what you said in the other thread right? It is a criminal case and not a civil case

[hellofdh]

Thank you sir, I get it.

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