My company was incorporated in f.y 2021-22. The statutory auditor who filed ROC returns last year is not responsive. Please guide me can I change the auditor without resignation of last auditor. ??
One of my client has salaried income and doing F&O trading. In the last two FY i.e. FY 2020-21 & FY 2021-22 he has loss in F&O and asked to do Audit. So I audit him under sec 44AB(e).
Now, in the current FY 2022-23 he still have loss in F&O. Is audit applicable or we can file normal return.
partnership firm having turnover of 10 lac and profit is of rs 3000 whether audit required or not ??
can we file itr 5 with normal balance sheet and p and l ?
LLP has to get its books of account audited if contribution from partners exceeds Rs. 25 Lakh or Turnover exceeds Rs. 40 Lakh. Whether this 'Contribution' includes Current Capital also ?
Which audit report format is applicable, in case of a company for the FY 2019-20 to issued in the month of July 2023.
Whether Audit report format for the FY 2019-20 or existing Audit report format.
In a company audit whether an auditor can give multiple opinion?
example qualified opinion regarding some aspects of financial statement and disclaim with regards to some other aspects or adverse opinion with respect to some aspects?
Whether the types of opinion is mutually exclusive( only one opinion in one report?)
Please any one reply me
How to exhibit evaporation loss in trading account?
Hello Sir/Ma'am,
My query is that I have client whose turnover is Rs. 22 Lac and Net Profit is rs. 88k which is around 4%, He is not opt 44AD for filling ITR and He is file return as per normal provisions, I just want to know that whether he is liable for Tax Audit or Not ?
bcz as per 44AB turnover are not exceed Rs. 1 Cr. For Audit requirements or neither he is opt for 44AD which is related with 6% or 8% profit rule
Dear members of the CA community,
Greetings from the Indian Institute of Management, Tiruchirappalli.
I am Priyesh V. P., an assistant professor from the finance and accounting department.
At IIM Trichy, we are conducting a research on the use of audit automation tools by Indian auditors.
We would greatly appreciate it if you fill our survey . The participation of CAs in our research will enable us to gain a better understanding of how the profession currently views audit automation and highlight the factors that influence the adoption of automation tools, particularly in statutory auditing.
We anticipate that the survey will take about 10 minutes to complete and will be treated with strict confidentiality and used only for research.
To participate in the survey, please follow the link provided below.
https://iimt.qualtrics.com/jfe/form/SV_6DVx2giECqfCg8m
I also request that you share the survey with your colleagues.
Regards,
Priyesh
One of client's supplier raised invoice in CGST & SGST by mistake instead of IGST in F.Y. 21-22.To correct this supplier cancelled those invoices in same year. But then to close the a/c of supplier client claimed the exps in F.Y. 21-22only without GST as per expert's advice. And now in F.Y.22-23, same exp are reversed against that supplier to raise the supplier's balance. And supplier has raised new invoices under IGST and client is accordingly claiming exps in F.Y. 2022-23. Is the reversal and claim of expenses on 21-22 correct?
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What to do if an auditor is unresponsive ?