internal audit engagement letter

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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

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

Presumptive income scheme for audit of entities raised from Rs. 1 crore to Rs. 2 crore


Finance Minister unveils string of measures towards Ease of Doing Business Presumptive income scheme for audit of entities raised from Rs 1 crore to Rs 2 crore Threshold for maintenance of books for individuals and HUF more than doubled Individual Insurance agents earning below taxable limit to be e

Bank Branch Auditors Panel for the year 2016-17


Dear Colleagues Please find placed below Final Bank Branch Auditors Panel of Chartered Accountants firms for the year 2016 17 To view your category and remarks thereof if any please click on the relevant interval MEF00001 05000 MEF05001 10000 MEF10001 15000 MEF15001 20000 MEF20001 25000 MEF25001 300

Draft Bank Branch Auditors Panel for the year 2016-17


Please find placed below Draft Bank Branch Auditors Panel of Chartered Accountants firms for the year 2016 17 To view your category and remarks thereof if any please click on the relevant interval MEF00001 05000 MEF05001 10000 MEF10001 15000 MEF15001 20000 MEF20001 25000 MEF25001 30000 MEF30001 3500

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Experts Opinions

Audit


I want to know the Best Book for Audit Besides Surbi Bansal mam

Audit of taxi bill


How to verify a taxi bill bill amounted 4000rupees and no service taxation is indicated in invoice what are mandatory compliance on taxi bill

Clarification regarding tax audit in case of loss


Dear Experts Pls let me know in AY 2016 17 our partnership firm has incurred the loss Pls clarify weather Tax audit will be applicable in this case or not Thanks In Advance Sunder Dixit

Audit of ERP ( Micro soft Navigation)


kindly provide the advanced checklist for migration of system from tally to ERP

FS in Stat Audit


What is there in Financial Services department of Statutory Audit What is an auditor supposed to do How does it has a good scope during articleship

Discussion

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

Certified bank guarantee (bg), standby letter of credit sblc

We are project funder as well as financial lender We have BG SBLC specifically for BUY LEASE at a leasing price of 4 2 of face value Issuance by HSBC London and many other 25 top AA rated Bank in Europe Middle East or USA We also secure funding Also We are into the provision of short term and long t

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

Procedure to appoint secretarial auditor for public company

Secretarial Audit for Public Companies Compulsion for Secretarial Audit Following classes of companies are required to appoint Secretarial Auditor for auditing the secretarial and related records of their companies Every Listed Public Company or Public Companies having a paid up capital of Rupees fi

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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


Internal Financial Controls


Meaning of Internal Financial Controls IFC As per Section 134 of the Companies Act 2013 the Act the term Internal Financial Controls means the policies and procedures adopted by the company for ensuring orderly and efficient conduct of business including adherence to companys policies safeguarding o


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


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Updated on : 2/25/2017 12:45:17 AM


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