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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 2013 PFA the enclosed attachment for more details

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 clarification regarding Section 44AB of the Income tax Act the Act makes it obligatory for every person carryi

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 Independent Auditors Report Revised SA 706 Emphasis of Matter Paragraphs and Other Matter Paragraph

Preparation of Panel of CA and Firms having experience for Forensic Auditing


Central Bureau of Investigation CBI has sought the help of the Institute of Chartered Accountants of India for investigation of important Forensic Audit assignments Chartered Accountants firms having prior sufficient experience and expertise in forensic auditing may submit their details at the earli

Simplification of procedure to deal with audit objections raised in indirect taxes by CAG


Central Board of Excise and Customs CBEC has issued a circular to simplify the procedure of dealing with audit objections raised in indirect taxes by the office of CAG The Circular rescinds all the past circulars and instructions and prescribes a new simplified and consolidated procedure The Circula

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Experts Opinions

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

Discussion

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

Books of accounts are maintained but is audit u/s. 44ab of it act necessary? if

In Financial Year 15 16 the sale turnover is 68 lakhs and net profit is only 1 71 lakhs in case of a partnership firm engaged in the bus of trading pls clarify

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Articles

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


CSR - Auditors' Responsibility to Qualify in Audit Report


Corporate Social Responsibility CSR is a mandatory spend stipulated by the legislation which requires the Board of Companies that falls within the criteria specified in 135 1 of the Companies Act 2013 Act to spend at least two percent of its average net profits towards CSR The term used is at least


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Updated on : 7/30/2016 5:21:11 PM


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