CCI Online Coaching    |    x

INTERNAL AUDIT SCOPE

News

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

Draft GST law released by Ministry of Finance


GOODS AND SERVICES TAX ACT 2016 CHAPTER I PRELIMINARY 1 Short title extent and commencement 2 Definitions 3 Meaning and scope of supply CHAPTER II ADMINISTRATION 4 Classes of officers under the Central Goods and Services Tax Act 4 Classes of officers under the State Goods and Services Tax Act 5 Appo

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

Loan from statutory auditor


Dear sir Can Partnership firm accept loan from its Statutory auditor

scope for ca final students


sir I passed my CA PE 2 in 2009 and completed my article ship but for some circumstances I can not appeared in final exams I m married so is difficult for me to consented on study plz advice me what I should do study or job office

scope of a company secretary


sir I want to know what are the Scopes of a company secretary in India in present era

Query related to tax audit for contractor


Dear Experts we have taken contract from samsung to repair its mobile which is under warranty period the samsung will made the payment to us Rs 90 Per mobile as our service charge however in FY 2015 16 our service charge is 58 Lacs pls let me know does this king of service attract audit on 25 Lacs o

ADT-1 Auditor appointment issue


Casual vacancy in a pvt co due to resignation of auditor in August 2015 New auditor being appointed after 11 months in July 2016 for the year 2015 16 Now the company if file ADT 1 showing resignation and appointment on above dates is there any violation and what is the remedy pls su gest

Discussion

Tds deduction during the first year of tax audit in case of an individual

Whether TDS is required to be deducted by an individual during the first year of tax Audit

For audit

Respected Sir One of my client is a broker Adhatiya and deals in Onion and other agricultural products He was purchasing products from farmers and selling it to fruits and vegetable merchants on same rates therefore there is no any gross profit or loss during the year Beside this he was charging 6 c

Concurrent audit of banks

Friends While checking the Term Loans and OCC A c s what are the important points to keep in my mind for the status of NPA Regards Sheetal

Qualification of audit report

Company has taken a loan over assets and after 30 days but before 300 days no charge is created Whether qualification of audit report is mandatory in this situation

Auditor becoming a employee

Hello all can you please clarify me whether a statutory auditor of a company become an employee of the same company in the subsequent year to which he was a Auditor Please also quote the relevant act and sectionif there is anything prohibiting the same Thanks in advance

More Messages






File Download

  • 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
  • Auditing standards

    standards on auditing
  • Standard of Auditing - CA Final - For Nov. 2016 Exams

    This Book titled as A Complete Guide for Advanced Auditing CA Final Cover entire syllabus in less than 700 pages including shorts Notes for Quick Revisions
  • SEBI (LODR) Regulations, 2015

    Internal check and external compliance under SEBI LODR Reg 2015

More Files

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


More Articles


Updated on : 8/5/2016 3:36:14 PM


EY


close x