Audit sampling Scope and objective of Audit samplingThe scope of sampling is determined by audit objectives, audit evidence and audit procedures. The purpose of this standard is to establish standards on the design and selection of an audit sample a
Author : Suresh Lulla/DNAPerformance measurement, analysis and review are critical steps in an organisation's progress towards its goals and vision. The objective of performance measurement is to steer the company to goal attainment, and enable it to
Non Compete fees – Taxability issues The question whether a particular receipt has been a revenue receipt or a capital receipt has constantly been inviting the attention of tax payers, the law makers, the tax advisors and the Courts. The contr
PLEDGING OF SHARESCS. Rachana Bairagra, Company Secretary, Jindal Worldwide Ltd. Pledging of shares in order to avail the loan is neither a new concept for promoters nor for investors. In brief, when the promoters want to raise the funds for the pe
HOW ONE CAN CREATE HUF(HINDU UNDIVIDED FAMILY) ? Though every body is interested in this question and this question has been asked by many and generally not have any answer in text book also, why it so ? The answer is very interesting that the above
A few points discussed on Limited Liability Partnership by Mr.Ashish Makhija Ji, a well known corporate lawyer, in a CPE seminar held in Delhi 1. Liability of partners can go up to the extent of Capital contributed by him.2.
FRIENDS,I have cleared my pcc in nov-08...i got 70 marks in auditing &assurance..i have always believed that the CA curriculum is vast but not difficult to conquer..one studies various strategies in straregic mgmt bt does not realise that in stu
Sub-section (1) of section 254 of the Income Tax Act, 1961 states as under: "254. (1) The Appellate Tribunal may, after giving both the parties to the appeal an opportunity of being heard, pass such orders thereon as it thinks fit." The mo
It seems that the government departments are over enthusiastic about introduction of new ideas without doing the proper groundwork. In fact, they are making mockery of their master; the taxpayer.Some of the instances of such mockery are-1)
Dear All,Btw,My name is not Vidhyashankar, it is just a psuedonym which I kept to not attract undue attention(due to my popularity online).------------------------------------------------------------------------------------------------------------I k
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English