A CA is appointed as Auditor of a Public company i.e.Stock Broking Company. And the father of Auditor is client of that Broking company, having demat & trading A/c. Bill may be outstanding for few days exceeding Rs. 1,000/-

Q. Auditor can be appointed as Auditor? Any Professional ethics is restricting to auditor if relative is client of Auditee and outstanding bill exceeds Rs. 1,000/-?

Thanks in Advance..

Please let me know whether tds portion will take in to consideration after including service tax portion or before.

what is meaning of books of account are prescribed under section 44AA??

sir, i am doing audit of manufacture unit,
there are many type of invoice i found like, tax invoice, retail invoice, delivery challan, challan, etc what is the meaning of these bills????,, if any more bills with your knowledge then also say me about that....

what do you mean by when a company factored its debtor's to bank?

Due to implementation of new companies act 2013, are chapters in audit like company audit 1 & 2 of ipcc syllabus will also get changed for nov 2014 attempt?

According to AS 7 revised, Revenue of a construction Industry is to be recognized in percentage completion method. But is there any specific clause are situation where they can recognize using completed cost method?
If so how is that to be recognized in the books of accounts?

In Audit Whether is the responsibility of auditor to reconcile bank balance(Pass book) with cash book.. When the difference between them occurring due to opening balance?

In case Loans & Advances converted into Unsecured Loan during the year then what will be the treatment of the same in Sec 269SS & 269T in 3CD.

Example:

No opening Balance
19 April Paid to Mr. X Rs 225000/-
07 June Paid To Mr. X Rs 25000/-
15 Oct Received from Mr. X Rs 1500000/-
02 Dec Paid to Mr. X Rs 500000/-
31 Dec Interest paid to Mr. X Rs 15000/- (assumed).

What will be it's treatment ??

For Financial statement prepared for the year ended December,2012. whether Revised Schedule VI is applicable or not ???