CCI Online Coaching    |    x

Internal Audit Engagement Letter

News

IT dept to issue 7 lakh letters seeking information in respect of high value non PAN transaction


Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi 21st July 2016 Sub Income Tax Department to issue 7 lakh letters seeking Information in respect of High Value Transactions Under the Annual Information Returns AIR various types of high value transa

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

More News



Experts Opinions

Ca final registration letter


Respected Sir I m registered for articles on 6th feb 2014 I sent my final registration form on 28th july 2016 to chennai and my final attempt is November 2016 But still i did nt get my registration letter How can i pay exam fees without getting registration letter

Tax audit applicability


Dear All Just want to know tax audit applicability in case of Pvt ltd co s I am running a construction company having turnover 46 lac and net profit of Rs 2 lac do i need to get tax audit done under income tax act Does condition of 8 NP u s 44 AD is applicable to pvt ltd also Thanks in advance

Scrutiny of service tax return after audit


Dear all We are providing services and having STC The service tax dept conducted audit of our unit and issued audit observation Accordingly we have paid the demand raised by the audit wings Now again service Tax range superintendent issued notice for scrutiny of service tax return within a month of

tax audit


If turnover of the company last year exceed 1 crore but in current year turnover is less than 1 crore is tax audit would be comply for the same kindly solve this query

Income tax audit under section 44ab


IF ANY ASSESE HAVE NOT carry on business or profession INCOME BUT HE HAVE EARN FROM OTHER HEAD LIKE SALRY CAPITAL GAIN INCOME FROM HOUSE PROPERTY INCOME FROM OTHER SOURCE GREATER THAN 1 CARORE SO QUESTION ARISE IS IT COMPULSORY AUDIT FOR HIM UNDER SECTION 44AB

Discussion

employee or officer of holding company can appoint as an auditor of its subsidiary company.

as per section 141 eligibility and disqualification of an auditor auditor shall disqualified if it is employee or officer of the company my question is part time employee of comapny can appoint as an auditor of its subsidiary company

Audit report

Section under which audit report is to be furnished under the Companies Act 2013

Tds in case of tax audit

Dear all Please clarify the below query as i am unable to get this in ACT In FY 14 15 Tax Audit has been done U S 44AB So in FY 15 16 Tax has been deducted on applicable payments and TDS returns filed But in FY 15 16 44AB is not applicable so no Tax Audit Now in FY 2016 17 whether Tax is to be deduc

Standards on auditing

Does internal auditor need to issue engagement letter

Standards on auditing

Does internal auditor need to issue engagement letter

More Messages






File Download

  • Professional Ethics (CA Final)

    CA Final Paper 3
  • Analysis of Audit (CA IPC) Paper for May 16 Exams

    Analysis of Audit CA IPC Paper for May 16 Exams
  • Professional Ethics - for CA Final Audit

    Professional Ethics is one of the most important Chapter for CA Final Audit This Chapter cover all Professional Ethics related questions appeared in previous CA Final Examination This Chapter is taken from the Book A Complete Guide for Advanced Auditing CA Final by CA Sumit Aggarwal http www amazon in s ref nb sb noss url search alias 3Daps field keywords 978 8193058022
  • Accounting Standards for CA Final - Audit

    Accounting Standards is one of the most important Chapter for CA Final Audit This Chapter cover all Accounting Standards related questions appeared in previous CA Final Examination This Chapter is taken from the Book A Complete Guide for Advanced Auditing CA Final by CA Sumit Aggarwal http www amazon in s ref nb sb noss url search alias 3Daps field keywords 978 8193058022
  • Option Cum Appointment Letter RCS

    Option cum Appointment letter for Registrar of Cooperative Societies RCS

More Files

Articles

Importance of communication with management during audit of financial statement


Introduction Communication is a tool to share various ideas and opinion between two person and group of person For an organization effective communication is an essential tool in achieving productivity and maintaining strong working relationships across the organization During the audit for proper c


Appointment of statutory auditor under companies act, 2013


COMPILATION OF PROVISIONS RELATING TO APPOINTMENT OF AUDITOR BACKGROUND Need of Auditor All the companies registered under the Companies Act 2013 or any previous Company law whether public or private and whether having a share capital or not are required to maintain proper books of accounts under th


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


Paper Analysis Suggested Answers Common Mistakes CA IPC May 16 Highlights Around 50 marks paper was not from PM they were new questions 35 Marks from SA 28 Marks from Company Audit 20 Marks from Vouching Verification 12 Marks from Special Audit 1 Discuss the following Q a W r t SA 550 Identification


An open letter by Founder of Tally - 'What will make GST fail'


We are now at the horizon of the Constitutional Amendment and passage of the GST bill which are now in its final stages By far the GST amendment will be the biggest step the country has taken in ensuring economic integration While the draft law comes with a promise of economic growth it poses severa


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


More Articles


Updated on : 8/21/2016 5:39:12 AM


EY


close x