Good day, Sir/Madame. We are a manpower consultancy firm based in India (one entity) that provides services to a US corporation (another entity) (under the name of an Indian director's spouse) for the purpose of hiring C2C, W2 and 1099 employees. Is TP Audit required for Income Tax Audit or for any other reason? or just reach an agreement between two organisations and set a percentage as a margin on Indian expenses in order to boost the invoice to the US company. Could you please make a recommendation for us?

Is there is any update from any nationalized bank for branch statutory audit?

Dear All,

In view of implementation of MCA Audit Trail.

Can any one provide me Approval policy/SOP to Edit,Delete,Reverse and Modify voucher in system.

Regards,
Ravi Konda

Dear sir,
We have audited the books of accounts of one party at last hours for the Ay 2021-22. Now there is some error in the financial statements can we revise the audited financial statements. The status of the assessee is proprietorship firm. ITR of the assessee is not filed.

1. whether account of resident welfare association is required to be audited every year by an auditor, irrespective of
-the RWA is registered under societies act or unregistered
- and volume of money handled

i found Accruals in management accounts after Accounts receivables. and they have provided ageing for the same as up to 30 days.

i have no idea under which heading accruals fall into under Receivables. can u please explain audit procedures as well for accruals

If Pvt ltd last year turnover was 1.5 crore And filed tax audit in last a.y. 20.21. but now this a.y. 21.22 turnover is only 5 lac so this time tax audit mandatory or not?

Is there any circular issued by any statutory body of India, where the Identity (KYC) documents list is provided for the guest checking in a Hotel/Resort??

ASSESSEE RECEIVED RS. 8 LAC LICENCE FEE FROM SMALL MILK VENDERS(GST NOT APPLICABLE ON SALE OF MILK ) ON BEHALF OF COMPANY AS LICENCE FEE AND PAID RS. 8 LAC BACK TO COMPANY AS LICENCE FEE. WHETHER TDS APPLICABLE ON PAYMENT OF LICENCE FEE TO COMPANY (WHICH IS RECEIVED ON BEHALF OF COMPANY ITSELF). ASSESSEE BOOKS ARE SUBJECT TO AUDIT AND IS WHOLESALER OF MILK, TURNOVER 7 CRORE. ALL THE VENDORS ARE SELLING MILK OF THE SAME COMPANY.

Before taking up an audit CA has to commuciate with previus auditor.

Suppose previous auditor has passed away then what will auditor do?

Whether he can take audit without communication or to communicate with auditor immediately preceeding the previous auditor?

pls answer me.