What is the ceiling limit on number of audits u/s 224(1B) is it 20 or 30 Company audits!!! & whether Private Companies be counted for the purpose of ceiling or not ?? Plz give me proper clarification experts

Which act to follow for compliance under statutory audit of service sector conpanies and partnership firm of telemedia and transport service provider?!Thanks in advance.

I would like to know that is there any law which says that an aseet could only be capitalised if its value is more than 5000.??

sir/mam my ca firm has only audit work in whick 90% is cuncorrent bank audit and no tax and account work... sir/mam I just want to know that should I change my firm or not..and is there better scope of audit after ca specially bank audit?? plz helppp

If in F.Y.2012-13 Mr. X was appointed as statutory Auditor. Mr. Y was appointed as statutory Auditor of F.Y. 2013-14. however, in Jan-14 Mr. Y gave resignation and Mr. Z has been appointed as new auditor in AGM.

My question is from whom Mr. Z will take NOC?

Books of company shows a travelling expenses of Rs.100000 for which cash payment has been made similarly for the same purpose it has withdrawn a cash from its bank of Rs. 100000i.e at first it withdrew a sum of Rs.100000 from bank and paid to the concerned party. does this transaction violates the provision of Sec40A(3) of Income tax. I would be Grateful to anyone who could solve my query.

Dear Sir,
I am a CA holding full time COP, I am signing the internal audit report of a Company but recently i got a job in a psu now my question is.
1) Can i continue signing the internal audit report by holding a part time COP?
2) can a company change its Internal Auditor in the mid way if i resign.
3) does signing a Internal audit report comes under the ambit of of certification.

Is only a CA Who is in practice for more than 5 years can use FCA or a ca who is in job can also use FCA after 5 years.

If we are pvt.ltd. co and we are providing material to a contractor and issues instruction to contractor on how to work on the material.Now the contractor issues a bill of 35000 so wether tds u/s 194C will be deducted ?

Can we show generator petrol expenses under the head electricity charges?
I found this mistake in audit