My client (a small private limited company) appointed statutory auditors for the year 2008-09, 2009-10, 2010-11 and 2011-12 in the relevant AGMs. However such auditors did not conduct the audit for any of those years for certain reasons and resigned recently for all the years at one stroke.Now, a new firm of Chartered Accountants has been asked to conduct the audit of these company for all those 4 years.

My query is whether these statutory audits of 4 years are to be treated as 4 audit assignments or as one single audit assignment for the purpose of ceiling on number of audits as per the code of conduct of Chartered Accountants.

request you to kindly clarify.

Hi,
Can anyone explain me cut off procedures with an example? and in respect of which transactions this cut off procedures will work?

what is materiality and audit risk

Please can anybody help me in above concept

Dear Sir / Mam,

Can you please tell me how much would the interest rate be on late pmt on TDS.?

Also is interest on late pmt calculated on the TDS amount that was supposed to be paid or the total amount of the transaction that happened? eg. if there is a pmt of 100000/- to a professional then TDS calculated would be 10000/- & if we have not paid this before 7th of the following month, then will i calculate interest for late pmt on 100000/- or 10000/-???

Lastly is interest on late pmt of TDS calculated on contract as well as on rents as well??

PLS GUIDE US ON THE FOLLOWING MATTERS.

WE ARE A PARTNERSHIP FIRM INCORPORATED LAST YEAR AND HAS ACCEPTED AUDIT OF DE-LISTED COMPANY IN THE MONTH OF JUNE 2011.

IN THE MONTH OF DECEMBER 2011 COMPANY RE LISTED ON BSE STOCK EXCHANGE.

ARE WE LIABLE TO GO FOR PEER REVIEW ?

Dear Sir / Mam,

If a company does editing or mastering or does VFX on a project (a movie / serial), & if we are giving cheques in the name of the company then should we deduct TDS as per professional fees or TDS as per contract??

Bottom Line, when should we apply TDS on professionals & TDS on contracts? & what should I apply for the above situation.

Hello Sir,
I have Membership no. with full time COP and my firm name was approved by ICAI and i have filled Form No. 18 for Firm Registration. Till the date i have not received my firm regi. number.

I want to know, Can i sign audit report as a member? I have COP full time but i have not firm regi. number.?

Dear Sir / Mam,

In a production house (company) how much of cash pmt or withdrawal should d company do as compared to making pmts thru cheque. What wud u suggest.. I am sure you would understand the situation when its a production house..

Whether, Revised Schedule VI is applicable for LLP. As per Companies Act, LLP is not a company and as per Parternership act LLP is a body corporate.

Please tell me how does PRIYANKA GUPTA at IGP teaches audit?