Audit QnA - Page No 302

All Resolved Open

Bhavesh

03 October 2012 at 15:33

Revised schedule 6- related party disclosers

do we have to show related party dis closers (transactions) in revised sch. - 6... if yes then who are relatives for company.. can KMP be more than 1...

Anonymous

03 October 2012 at 15:01

Drawing power

sir,

please tell me what is Drawing Power &how to calculate it ,its very urgent.

please explain me with an example ,I can't understand it .its very urgent

Alankar Choudhari

03 October 2012 at 13:54

Cost audit applicability

Is Cost Audit Applicable to the company in business of "Fabricating and Manufacturing of Truck Mounted Cranes or Tippers"...? if yes then in which category..?
Thanx in advance....

Anonymous

02 October 2012 at 17:13

Audit forms

in which audit we use 3cb and 3cd reports....(TAX AUDIT OR VAT AUDIT)

Rajesh

02 October 2012 at 16:25

Prelimnary expenses written off as per companies act..urgent

Dear Experts,
Prelimnary Expenses written off as per companies Act is 1/5th am i right?

Suppose if there is justification for writing off the prelimnary expenses more than 1/5th (say 100%) can we do it if we are able to properly justify it. Please give me the answer with case laws if available.
Thanks & regards,
Rajesh.

Anonymous

02 October 2012 at 13:45

Itr

I have obtained audit report on 30-09-2012 but could not deposited the tax due and not filed the ITR what are the consequences if I deposit tax and file ITR now?

Anonymous

01 October 2012 at 17:49

Qualification in auditors report

My client ( Turnover 95 crs. and Net profit after tax 2 crs.) has recongnised refund of tax Rs. 12 lacs as income and has created a current asset as Tax refundable. In my(auditor) opinion it is not an income and therefore both income and current asset can not be taken to the P & L A/c and Balance Sheet respectively.

Que. - Is it a 'material' thing for qulification? if yes how and where to give the qualification?

Plese provide the specimen of qualification.

Khush

01 October 2012 at 11:46

Audit criteria

What is the criteria of Vat Audit , Tax Audit and Simple Audit. means when these audits apply in a firm or a company.

Sukrut Rajhans

30 September 2012 at 13:40

About noc

My question is that if one Chartered does not get ant NOC from Other CA then can later one do the audit of client of former CA ?what are the consequences if former CA does not issued NOC to later CA?