Can a CA wife in her independent professional capacity do statutory audit of a private limited co. where her husband is the managing director, by disclosure in audit report? Kindly advice! Thank You!

Hello,
I have one client who have purchased lift in f.y 2011-12 of which payment has been made of Rs 30 Lakh,which was accounted as purchase.And in next year 20 lakhs payment were made which was accounted as payment as advances & not as purchase.So,now what is the action to rectify this amount as lift & rectify the amount as advance which is alrweady for lift.What is disclosure requirment in audit report

Dear Experts

Pls explain what will be the accounting treatment of subsidy received for establishing Manuf. Unit under PMEGP Scheme.

further we have received the subsidy but parked by bank in a separate account and will be released only after completion of 3 years satisfactory loan repayment and operation.

What will be the accounting treatment in this case?

Earliest reply will be highly appreciable with thanks and regards.

Can a CA firm share fees with pvt Ltd in which all director is CA . and company is doing work of professional financial services(viz stock audit etc)

Respected Experts,
Sorry for all the experts, this is what i feel nowadays, about the Experts column in this website. I dont think this column (i.e. Expert clarifying the doubts of the starters when they ask questions) has any relevance now, this is such a simple query which i have posted on 23rd July 2014 but still now it is not been answered by any Experts. I also have a doubt whether the website runners purposefully hide the questions from the experts so that it is not noticed and not answered if the question is being asked by the persons who do not join to the class which they run online.
Please tell me how it has be accounted when there is a difference in the number of stocks available in hand and number of stocks shown in the stock ledger differs? Thanks & Regards,
Rajesh

Please sent me new 3CD form (WORD) format at my mail ID mnsohel121@gmail.com because i have lots of work load. So i want to finish my audit work upto uploading process.

Can a CA in practice allow another CA practising Separately to sign financial statements on his behalf?

Respected experts , sir i want to ask that whether the mobile/telephone expenses of directors and managers are allowed as an bussiness expense..?

A director has taken the loan in his own company. will it attracts section 185 of company act.

If turnover is less then 1 crore & profit is more then 8% then audit applicable or not.