When we already have an audit report than why we require the CARO. What is the essence of CARO. What was the point where audit report was not sufficient for companies and CARO was required?

DEAR EXPERT,

IS IT REQUIRED BY CO-OPERATIVE HOUSING SOCIETY TO AUDIT ITS ACCOUNTS.

AND WHETHER AN CHARTERED ACCOUNTANT HOLDING COP(RECENTLY) CAN AUDIT THE ACCOUNTS OF SOCIETY REGISTERED UNDER MAHARASHTRA CO-OPERATIVE ACT.

Dear Experts,

I need your valued advise/help regarding the following matter. Pls help.

A firm deal in building material (Retail)and its turnover of Rs. 83 lakhs during F.Y. 12-13. Book profit is Rs. 12500/-(approx. 0.14% on Sales) & partner's remuneration is NIL. Tax pable on Rs. 12500/- is 3863/- and Adv tax paid in sep-12 was Rs. 30,000/-.

in this circumstances is tax audit required or not?

Thanks in advance.

Dulal Chatterjee

What is TCWG?
there is a sentence " As per SA 210 audit engagement is to be performed has been agreed, through confirming that there is a common understanding between the auditor & management and TCWG, of the terms of the audit engagement. "

Sir
A Television channel company incurs administrative expenses ( salary,rent etc),program expenses,office renovation and f procurement of fixed assets.The company has not yet started commercial telecast but has done test run.My queries are
1. How to treat various expenses before commercial telecast?
2. Whether amount spent for office renovation can be capitalized?

is there is date extended in audit.

Hello Sir/Madam,

We are purchasing a machinery (Asset) from other state for business purpose (for making machine oil). please clear following points.

1. TDS should be deduct or not.
2. as per audit point of view, what procedure/precaution we should follow.

Hi,

I need help on identifying accounting standards that are important from the perspective of Internal Audit. I need help to identify how an Accounting Standard help me in a Risk Based Review of Internal Controls for any organization. Also, please help me with list of such Accounting Standards.

Thanks,
Sheetal

mr.p a chartered accountant in practice entered into a partnership with Mr. L , an advocate for sharing of fees for work sent by one to the other. However, due to some disputes, the partnership was dissolved after 1 month without any fees having been received.

HELLO, I am in a tax audit of a private company, this company had paid more than 20000 as ADVANCE for travelling to foreign in foreign currency, than this 40a(3) applies?? and also advance is not an expense, so can you please help me