Paid Up Share Capital - Rs 30 lakhs
Reserves & Surplus - Rs 65 lakhs
Turnover as per Last Reported Profit & Loss Ac - Rs 12 lakhs
Secured Loan and Unsecured Loan - Rs 8 crore

Is this Private Limited Company comes under Small Company and If yes, then CARO Reporting will be applicable to the Company?

Any expert may please share RTGS /NEFT UNIT (Specialized Bank Audit) audit checklist!!

Thanks in advance.

I have been appointed as Concurrent auditor of a PSB on july2021. I have sent my acceptance to the branch. But I have not commenced my audit because previous auditor sent a letter to me that "how can you accept the audit without my NOC". I sent him an apologize that due to lockdown situation we cannot go to the branch and no information about previous auditor had been obtained from the branch side and I wish to inform here that there is a misunderstanding between branch head and auditor is already persistent s. Previous auditor fees was pending for more than 15months. Hence after receiving the letter from the previous auditor I have not commenced my audit yet. Now his fees are settled other than 2months bill. But still the previous auditor is creating a dispute against the branch and he repeatedly saying that I will not give NOC to you until all issues are resolved. But at the same time bank insists me to commence your audit otherwise we will blacklis you. My question is what should I do in this regard.

Whether Statutory audit is compulsory for companies only or other entities like partnership/proprietorship etc. Please guide?/

What is Key Audit Matters(KAM) and Emphasis of matter(EOM)? and which is more important?/

From where i can get existing format of audit report as per Companies Act?. If some one can please share the same.

Thnx

Please any one can share , Any specific formate for concurrent audit of FFMC under RBI .

thanks

Respected All ,
TAR (TAX AUDIT REPORT) For A.Y.- 2020-2021 submitted within due date.Now assessee received intimation from I.T. department about proposed addition on returned income u/s 143 (1)(a)(iv).The mistake is mainly due to computer error at the time of TAR uploading.Whether it is possible now to revised the TAR after making the correction ?

Whether Tuf subsidy received is considered as government grant to be reported in form 3CD for ICDS 7 government grant.

One of my Friend Recently CA Qualified and started to Practice. now he want to Open 4 New Branches at different cities. my query is, is he eligible to Open 4 new branches? he is proprietor.
at 4 places 4 full time staff are there. (distance morethan 60 km each city)