Is it mandatory to get physical verification of assets to be conducted every year. If not, what is the time limit.

How to classify Pre operative expenses as per Revised schedule VI?

1. when we gift customer it is a sales pramotion exp, or office exp?????????????


2.in cash expenses evidance of later date than voucher date can be taken??
it can be taken of previous month??????


pls answer fast

It is possible to explain staff releated matter for payment exceeding of rs. 5000 like guest house exp. Paid and exps. Done for vegetables, medicals etc. for above 5000 , so revenue stamp required???
If payment to reiemburshment , stamp is required???

Sir
Please guide me how will i finalize Audit of Interest expense of CC a/c

our company does not come under cost audit as per the criteria prescribed i.e Turn Over , Net worth or listing in any stock exchange, but the product manufactured is come under the "Product Group" classification so whether cost compliance audit is only applicable.

Mr.X, a partner in X & Co., a firm of a Chartered Accountants, died on 31-03-2013 after completing routine audit work of XYZ Company Ltd., Mr.Y another partner of the CA firm signed the financial statements of XYZ Company Ltd., without reviewing the financial work done by assistants.

Hello frnds some name of concepts are changes like test of control, test of details pls confirm the same and if possible explain some more concepts which do change recently

A company makes payment to its creditors only against original invoice. The accountant of the company has lost the original invoice. The creditor says he cannot generate another ORIGIANAL INVOICE. There is pressure from creditor on accountant to settle the outstanding amount.

What is the way forward in this case? The solution given should also be acceptable by company auditors and practicable.



Thanks.

For the IPCC exam may 2013, which book i will choose in surbhi bansal's or paduka's book for audit study.