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MCA issues order regarding rotation of auditors


Ministry of Corporate Affairs has issued Companies Third Removal of Difficulty Order 2016 regarding applicability of the provisions of Rotation of Auditors as per Section 139 2 of the Companies Act 20

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Clarification regarding threshold Limit of tax audit under section 44AB and 44AD


Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi the 20th June 2016 Sub Threshold Limit of tax audit under section 44AB and section 44AD clarificat

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EVC can be generated through ATM now


Now Electronic Verification Code EVC can be generated through ATM State Bank of India is the first bank to launch this facility which will facilitate its customers who may not have a net banking accou

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New and revised standards on auditing


Revised SA 700 Forming an Opinion and Reporting on Financial Statements New SA 701 Communicating Key Audit Matters in the Independent Auditors Report Revised SA 705 Modifications to the Opinion in the

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Total 2891 kg gold collected under Gold Monetisation Scheme


Finance Ministry reviews the progress of Gold related Schemes Total gold collected under Gold Monetisation Scheme GMS is 2891 kgs Banks asked to put concerted efforts to mobilize more gold under the G

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Experts Opinions

Regarding audit of labour contract cooperative society


Please any one tell me that a labour contract cooperative society is liable to audit if yes is there any limits and what are the tax rates and can apply sec 80P a vi

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Audit required in case of loss in partnership firm


IN 1ST YEAR OF ITS BUSINESS ABC ENTERPRISE PARTNERSHIP FIRM GROSS TURNOVER IS Rs 5 20 000 AND IT TOTAL EXPENSE IS 6 00 000 NOW IN THIS CASE FIRM HAS REQUIRED TO DO AUDIT OR FIRM CAN SIMPLY FILE ITR 5

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Rotation of auditors


26th July 2016 A closely held public limited company has paid up capital of Rs 12 00 crores As per new companies act 2013 the company is required to rotate its statutory auditors As on the date of com

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CA Final Audit


is CARO 2016 is applicable fr upcoming exam as i heared it is yet to b announced regarding their applicability fr nov16 exam same query is abt Revised SA 600 and SRE 3400

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Auditor appointment in government company


which form we used for appointment of auditor in Government company

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Discussion

Stock in trade meaning in 3cd audit report whille calculating ratio

Hello Can anyone provide me the answer whether Stock in Trade Turnover ratio in 3CD includes Trading Goods stock also or it only includes the Finished goods stock only If some one is doing only Tradin

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Rotation of auditors

26th July 2016 A closely held public limited company has paid up capital of Rs 12 00 crores As per new companies act 2013 the company is required to rotate its statutory auditors As on the date of com

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Standard Format of 'Extracts of Minutes of Board Meeting' to be furnished to bank post sanction of loan for execution of loan documents

A few days back I had shared with you a standardized format of extracts of minutes of Board Resolution required to be furnished to the bank while applying for a credit facility in the name of a corpor

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Audit ca final

How is Pankaj Garg sir Book for audit ca final I am doing Surbhi Bansal mam book from last three attempts but not able to score good marks Please suggest

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Tax audit

I want to know the category of audit whether it is a tax audit or any other audit under which the person will fall if a person has a turnover of less than one crore and he claims net profit above 8 If

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File Download

  • Standards on Auditing

    STANDARDS ON AUDIT IN CHART

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  • IPCC auditing May 16 suggested answers

    I spent m valuable time to compile the answers I hope you find useful If u dont like it please don t see it

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  • Tax Audit Programme AY16-17

    Tax Audit Programme for PY 15 16 AY16 17 covering ICDS although not applicable and 3CD reporting

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  • Companies (cost records and audit) Amendment Rules, 2016 Eng

    Companies cost records and audit Amendment Rules 2016 English Version

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  • Analysis of Audit (CA Final) Paper for May 2016 Exams

    Analysis of Audit CA Final Paper for May 2016 Exams

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Articles

NPA in banks - Causes and solutions


Dear friends Now a days we all are facing a crucial issue of NPA of all public sector banks Many large banks including SBI PNB have reported huge NPA of their industrial clients Govt has been making e


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Analysis of Audit (CA Final) Paper for May 16 Exams


Paper Analysis Suggested Answers Common Mistakes CA Final May 2016 Exams Generally audit paper from past 4 attempts was of 7 pages but this time it increase to 11 pages 57 increase Questions of around


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Service Tax Audits by Department - Legal Position


INTRODUCTION Service Tax law operates under the concept of self assessment wherein the assessee self assesses his tax position and pays the service tax dues at periodic intervals prescribed therein De


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NPA Menace in the Indian banking system


The Financial Stability Report FCR June 2016 issued by RBI suggests that the business of Scheduled commercial banks SCB is showing significant stress The Gross Non Performing Advances GNPA of SCBs sha


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Forensic Audit - A Modern Day Thrust and Thirst


Introduction In the recent past more so in the previous decade accounting and auditing community witnessed and in fact confronted and gone through scandals emanating from fraudulent and manipulative d


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Updated on : 7/26/2016 7:40:27 PM


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