Anonymous

Hi sir / Madam,
When we are reporting about statutory dues in annexure to auditors report as per Para 4 & 5 of CARO, 2003
Do we need to mention only the amount of default(excluding penalty and interest) of such statutory or do we need to mention the amount including penalty or interest on such default?
Kindly reply as soon as possible.


sushil upadhyay
29 January 2015 at 12:18

Reserve for doubtful debt

Dear sir

I want to Know creating reserve for doubtful debt,its showing in the books from more than one year.

My querry , till what periad reserve for doubtful debt can be recorded ?

Thank in adv

regards
sushil upadhyay



Anonymous
29 January 2015 at 11:24

Fixed deposit confirmations

Hi. I'm having difficulty understanding Fixed Deposits. Closing interest accrued as per my calculation defers from amount confirmed as per Bank. Some banks accrue interest while confirming and some don't. Also, how can we check if the bank accrues interest quartrely or halfyearly or..... Nothing was mentioned on the FDR.

Plz help!


sanjay
28 January 2015 at 19:49

Actuarial valuation

what is actuarial valuation? when in an entity it is required to be done?



Anonymous
28 January 2015 at 18:09

Consolidated audit report

If an individual audited by CA, his/her consolidated account for two business :
- Audit Report includes balance sheet and P&L A/c contained details of both business(i.e one consolidated balance sheet and P&L a/c) or
- Two separate balance-sheets and P&L a/c for each business or
- Just to be one page of assessment in front of Audit-report contained both business details but includes only one balance sheet and P&L A/c of single business ,

what is the right form of consolidated audit report in above ? or required any other form apart from that.


N B S MURTY.
28 January 2015 at 14:26

As 7- works contracts

Respected all,
We are Constrecting a multy floured bulding as a Works Contractrers. Now we are desided to take some part of the bulding as our over due amounts from the owners. In this point of view ,Can we apply AS-7, for Valuaning the Existing Closing Stock and Closing Workin-Process.
Please Clarify.
Regards,
BALU



Anonymous
27 January 2015 at 18:01

Eligibile for audit ot not?

The person engage in online Air Ticket Booking. Accepting deposit from customer for booking and book ticket for the same, for this he got around 2-3 % commission on Ticket value.My Queries are as under

1.The Gross receipts deposited in bank is more than 1 Cr because the customer deposited money for Ticket booking. is liable for Tax audit?.

2.His income is only commission

3. whatever amount deposited in bank the same amount use for ticket booking. If Any issues due to Gross receipt more than 1 cr. because bank showing the same in AIR details to income tax.


Bikash Mohanty
27 January 2015 at 15:17

Difference in bank balance

Hi, I observe a differnce in Bank balance(FDR A/c)in Balance Sheet & Bank FDR Statement in F.Y.2013-14 & refund has already received.

My question is how can I correct/rectify the mistake.

Please suggest.




ashique
24 January 2015 at 17:06

Export and import of sales and purchase

how to audit export sale and import purchase ? and the major points must be considered during the audit


praveen

if one of the partner in the partnership firm is disqualified then entire audit firm is disqualified or not? (as per Companies act, 2013.)






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