I have received a letter from RBI mentioning the following:

Annual Financial Inspection Under Section 35 of the BR Act, 1949 –
Bank – Position as on March 31, 2012 – Divergence in Asset
Classification.

It is observed from the captioned report that in respect of some
borrowal accounts (details enclosed) there is a divergence in asset
classification. You are advised to let us know by return mail as to
how this divergence in classification had occurred.

how to dealt with this.

Can an auditor withhout obtaining NOC from the previous auditor commemce Statutory Audit and file annual forms with ROC?
Please provide me the applicable provisions regarding the CA Act,1949 and Companies Act,1956.

Thanks in advance.

Dear Sir/Ma'am,

A very quick question. Please correct me if I am wrong. Is TDS Return, VAT return & Service Tax Return filed quarterly?

If I am wrong then can you please correct me on this.

Dear Friends,

Please let me the main points to be considered while undertaking Fixed Asset verification?

MY CLIENT IS AN INDIAN COMPANY SUPPLYING CASTING GOODS TO ITS PARENT COMPANY IN USA AFTER PURCHASING FROM LOCAL MARKET AS PER SPECIFICATION OF PARENT COMPANY.WORKING CAPITAL FINANCING IS ALSO PROVIDED BY PARENT COMPANY.PLEASE SUGGEST WHICH IS THE MOST APPROPRITE METHOD TO BE USED FOR TRANSFER PRICE AUDIT PURPOSES.
V K JHUNJHUNWALA

As a auditor how to start audit?

I mean, which document/ evidence, register books, a/c books I collect from Management, from where to start checking

Please give the answer from practical ground.

Sir..
any one can tell what are the areas and how to verify the salaries & wages of pvt.company in case of internal audit & what are the laws i have to follow while doing verifying the salaries & wages...


with regards
G.Nagendra babu
Audit juniour(M&V ca's)

Dear sir,

I have a query regarding computation of contribution payable to charity commissioner.

A trust is running a gaushala. It recieves cash donations from donors as dharmada.

The donation recieved are used for maintainning cows their feed and veterninty treatment as ill cows are with gaushala.

Whether all donations recieved are liable to contribution to charity commissioner???

The donations recieved are in excess of Rs.5,00,000/-

dear all,
i want to know that weather security premium will be added in share capital while chacking applicability of caro.
thanks

what is the last date of filing of annual return if AGM is adjourned, and what is penalty of late filing .. plzz reply


regards