audit report format of society

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CBI Arrests three Central Excise Officials in a bribery case


The Central Bureau of Investigation has arrested two Superintendents and an Inspector all of Central Excise Audit Department Govt of India Murthal District Sonepat Haryana while demanding accepting bribe of Rs Three lakh from the complainant CBI registered the case on a complaint alleging that the s

Exemption for audit of accounts u/s 44AB increased to Rs 2 crore


The existing provision of section 44AB of the Act inter alia provides that every person carrying on the business is required to get his accounts audited if the total sales turnover or gross receipts in the previous year exceeds one crore rupees The threshold limit for applicability of presumptive ta

Fee for delayed filing of income tax return


In view of the non intrusive information driven approach for improving tax compliance and effective utilization of information in tax administration it is important that the returns are filed within the due dates specified in section 139 1 Further the reduced time limits proposed for making of asses

Penalty on CA and professionals for furnishing incorrect information in statutory report or certificate


The thrust of the Government in recent past is on voluntary compliance Certification of various reports and certificates by a qualified professional has been provided in the Act to ensure that the information furnished by an assessee under the provisions of the Act is correct Various provisions exis

Proposal to provide for grant of interest in case of refund of excess payment of TDS


Finance Minister announces several anti graft and rationalisation measures in the field of Income tax Accountants or merchant bankers furnishing incorrect information to face penalty Income of the Chief Ministers Relief Fund and the Lieutenant Governors Relief Fund to be exempt from tax Concessional

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Experts Opinions

Fails to report clause in 3cd report while filling audit rep


Hello While filling Audit Report Online if A CA Fails to report Clause 18 In Form 3CD then what are the consequences

Tax audit to trust/entity covered u/s 10(23b)


Let me know whether provisions of Tax audit is applicable to the Trust 12AA Entity covered in section 10 23B of income tax act or similar institute covered under other sections of incometax act 1961 i would like to wait for your early and positive reply with reference

Response to compliance report generated online portal


Can return for the A Y 2015 16 be filed if the same is raised by the department and ask to furnish the details about non filing of income tax return through compliance report on the portal online Can it be filed u s139 4

Removal of statutory auditor


Dear Sir My name is Rajeev Kumar My query is how to remove the statutory auditor in case where one private company take over the another private company and don t want to reappoint the statutory auditor i e removal of auditor before the expiry of his term Thanks Rajeev

Audit


I want to know the Best Book for Audit Besides Surbi Bansal mam

Discussion

Auditor appointment

Can we appoint statutory auditor for only one year or we need to mandatorily appoint auditor for a term of 5 years

Sebi accuses statutory auditors for fraud, etc.

Hello guys SEBI has passed an interim orderagainst various persons which also doubles up as a show cause notice SCN on the erstwhile statutory auditors the Auditors of a listed company The Auditors are asked to show cause why directions should not be issued to debar them from issuing certificates un

Disciplinary action against statutory auditor

We had appointed Statutory Auditor for a period of one year F Y 2015 16 In spite of providing him Financial accounts for the year he is deliberately not giving us the Audited Balance Sheet Hence during the AGM on 30 09 2016 the Audited Balance Sheet could not be adopted The Balance Sheet prepared by

Audit

I want to know the Best Book for Audit Besides Surbi Bansal mam

Tax audit section 40a (2) (b)

In Tax Audit Report our tax Auditor shows Directors Remuneration paid to related pesons u s 40A 2 b but our director is of opinion that it should not be shown under the heading Particulas of payment made to persons specified u s 40A 2 B in Tax Audit Report His contention is that Directors remunerati

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Articles

Critical issue of removal of auditor


BACKGROUND Many professionals have been raising question on interpretation procedure for removal auditor Situation The Companies Act 2013 permits removal of auditor before completion of his term The procedure for removal of auditors is given in sub section 1 of Section 140 of the Act If a Company is


Audit Certificate of Innocence of all concerned!!


Audit of accounts and records of any person is required under various business laws in India that are applicable on such person whether natural or artificial For example Annual Statutory Audit is required for companies cooperative societies Tax Audit is required for any person having business income


System Control Audit


Introduction Information Systems have become an integral part of our day to day life From Morning till evening all humans interact with systems in one form or another The increased usage of technology has its pitfalls Organizations need to rely more on technology for their day to day jobs As the usa


Forensic Audit


style2 text align justify Preface A typical organization loses 5 of its revenue every year due to fraud Association of Certified Fraud Examiners ACFE With reference to the Darwin s theory of evolution along with the humans even crimes have evolved These frauds or White Collar Crimes as they are more


Companies (Auditor's Report) Order, 2016


IN THE WORLD OF CHANGES THE ONLY THING WHICH IS CONSTANT IS CHANGE ITSELF Background Section 143 11 of the Companies Act 2013 the Act requires that auditors report of specified class of companies should include a statement on the prescribed matters These reporting requirements have been prescribed u


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Updated on : 2/25/2017 4:02:10 PM


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