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SIT on black money recommends ban of cash transaction above 3 lakh and cash holding more than 15 lakhs

Recommendations of SIT on Black Money as Contained in the Fifth SIT Report The Fifth SIT report has been submitted before the Honble Supreme Court by the SIT An extract of the report has been uploaded on Department of Revenue websitewww dor gov in The SIT has made the following recommendations in th

Govt considering having a new financial year

Government today constituted a Committee headed by Dr Shankar Acharya former Chief Economic Adviser to examine the desirability and feasibility of having a new financial year The Committee to submit its Report by 31st December 2016 The Government of India today constituted a Committee to examine the

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 2013 PFA the enclosed attachment for more details

Government Notifies Rules regarding Fair market value

Government Notifies Rules regarding Fair market value and reporting requirement for Indian concern Indirect transfer provisions section 9 1 of the Income tax Act 1961 Under section 9 of the Income tax Act 1961 the Act any income arising from transfer of any share of or interest in a foreign company

Amendment in Rule 114H of Income-tax Rules, 1962

The Rule 114H of the Income tax Rules 1962 the Rules has been amended vide Notification No 48 2016 S O 2151 E dated 20th June 2016 In order to provide sufficient time to the reporting Financial Institutions for completing the due diligence procedure in respect of other reportable account referred to

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Appointment of subsequent auditor in case of govt.companies

section 139 1 of companies act 2013 speaks about appointment of auditor by every company at 1st agm who will be holding the office till the 6th agm of company and section 139 7 says about the appointment of 1st auditor of govt company who shall hold the office till 1st agm on the other hand section

Tax audit

Whether partner remuneration from the firm will be clubbed with the professional receipts in the individual capacity for the purpose of tax audit

Tax audit report

How we prepare tax audit reports and filling

ca final auditing

hi am anitha can you please tell me how to prepare for ca final auditing full preparation of practice manual is sufficient for exams point of view how many marks can I minimum score with full preparation of professional ethics company audit and standards from surbhi bansal and practical manual for r

Commodity trading and tax audit

Hi all Am doing commodity trading in which i incurred no profit and 300000 loss and some 35000 premium paid by me in 15 16 all transaction has been settled otherwise than by actual delivery It this is speculative transaction Tax audit is applicable in which head i have to show this loss pls advise m


HR Group to prepare Action Plan to implement matters arising out of various HR related reports

No M 626 2016 26th July 2016 ALL MEMBERS OF THE COUNCIL Madam Dear Sir The President in terms of the authority given to him by the Council at its 351st meeting held on 12th February 2016 has constituted a HR Group comprising the following members to identify actionable points approaches and prepare

roc must select auditor for company

dear friends as we know in our country black money is generated circulated through various dummy company and auditor is selected by the owner of the company most of the small company manage their auditor and auditor is also manage himself for fees and they loose their integrity but the same auditor

A complete guide for advanced auditing - ca final

Dear Students 4th Edition of A Complete Guide for Advanced Auditing CA Final by CA Sumit Aggarwal is available online at flipkart com or amazon in http www amazon in dp 819305802X

Late audit, penalty for a private limited company.

Dear Members I got registered for a private limited company in 2014 but ca did unfortunately I could not do anything till now so there was no business no meeting no employees no audit Only service tax filing is clear I want to know that how much could be penalty penalty and all that It an it company

.regarding the applying for concurrent audit

how to get the RBI Unique Code for applying first time for the concurrent audit of the bank

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Ind AS 10: Events occurring after the reporting period

Background Today we live in a dynamic business world where changes in business environment are eminent Some of these changes are important for users of financial statements such as shareholders because they play a key role in decision making In order to bring about uniformity in changes in business

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 50 marks were from PM rest of 70 marks questions were new from module SAs Level of Questions Marks

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 Details of the business transactions are disclosed to the revenue by filing of the service tax returns

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 devious and dubious accounts These shames outraged not only the auditing community but the public at

Audit and Auditor as per Companies Act, 2013

Chapter X of the Companies Act 2013 deals with Audit and Auditors Section 139 Appointment of Auditors 1 Every Company shall at the First Annual General Meeting appoint an Individual or firm as an Auditor who shall hold office from the conclusion of this meeting until the conclusion of sixth Annual g

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Updated on : 7/30/2016 5:18:14 PM


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