format of concurrent audit report of bank

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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

Cabinet approves acquisition of subsidiary banks of SBI


The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the acquisition by the State Bank of India of its subsidiary banks namely State Bank of Bikaner and Jaipur State Bank of Hyderabad State Bank of Mysore State Bank of Patiala and State Bank of Travancore The Cabinet also

Harsh punitive action to be taken against Shell Companies


Harsh punitive actions to be taken against the deviant Shell Companies including freezing of Bank Accounts striking off the names of dormant companies invocation of Benami Transactions Prohibition Amendment Act 2016 A Task Force set up under the Co chairmanship of the Revenue Secretary and Corporate

Cash withdrawal limit increased to Rs 50000 from 20th feb and removed from 13th March


Removal of limits on withdrawal of cash from Saving Bank Accounts RBI 2016 17 224 DCM Plg 3107 10 27 00 2016 17 All Banks Dear Madam Sir Removal of limits on withdrawal of cash from Saving Bank Accounts Please refer to ourcircular DCM Plg 2905 10 27 00 2016 17 dated January 30 2017on the captioned 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

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Experts Opinions

Audit of AOp


there is an AOP registered under the Societies Registration Act 1860 operating in Delhi only since July 2016 AOP had acquired PAN for opening Bank account and annual turnover or receipts or donations are less than 1 lac Is it required to get its accounts audited Please suggest AOP DOES NOT CARRY ANY

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

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

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

Bank related

can a banker accept a deposit more than 50000 with form 60

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 : 2/26/2017 12:11:10 AM


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