if there is violation of accounting standards that need to b followed den whether auditor needs to issue qualified report or adverse report?

Dear experts,
One of my auditee company had entered into a leasing agreement for using building with outside party for a term up to 2 years. monthly payment is Rs.2,00,000. the company is paying rent monthly on due date basis without obtaining rental bill and receipt. While doing internal audit we found it. Should we accept or not?
Client is saying that it's my practice and Rental agreement is enough , no need of further documents. tell me is it correct practice or not?

A company has purchased furniture from a dealer and the same person has done paint and electricity job of the office and submitted a single bill the company has capitalised the whole amount along with the paint & electric job as furniture and fixture. I also want to know whether TDS has to be deducted from the amount while making payment

if pvt company who is subsidiary of a public company ,caro is applicable?

Hello every one,
I have a query on Impairment loss.
Q1) Whether you will write off of the full value of asset (Building) when you have impairment(i.e, Building has been demolished in my case) ?
Q2) What kind of supporting document you can find while doing audit and IT scrutiny ?

Please take it as urgent.

Thanks in Advance.

If a person has taken a property on rent and incurred expense on renovation, can this expense be capitalised

please qoute section for your answer

if CA doesn't possess cop and still he signs tax audit then what penalties are leviable?

Dear Sir,
I have joined a medium sized Audit firm which offers only Tax Audit & Filing of Income Tax Return of Individual,HUF,Trust & Partnership Firm..My Question is wheather it will affect my future Professional life as a Ca..

Plz reply suitably..
Thanks in advance....

Mr x is staff of bank.he made fixed deposit in bank for the period of 2 years on 1st november, 2012 for rs.30000.if he resigned on 15th of january, 2013.then what is the treatment for the interest ? whether he will receive rate of interest as a staff or as a general public ? please let me know the guideline for the above.

can the auditors remuneration be paid in the shares of the company
when at the time of appointment and during the audit period the auditors does not hold any shares of the company
and fulfills all the qualifications of the independent auditors.