How to prepare the MIS?

Dear Experts,

There is one private limited company whose turnover is more than 50 crores and paidup capital is 50 Lakhs.

The statutory auditor after the approval of directors has outsourced the tax planning and accounting work to his wife(Not a CA, only B.com Graduate).
Now the statutory auditor's wife is doing the accounting and tax planning work for the same company.

Now the Statutory Audit done by his husband is valid and whether he is an interested auditor?

Dear Experts,
Can i give internal audit report in Ratio Anlysis form too so that it appears different and new for them. Probably they might like it?
Ur suggestions are invited.
Thanks & Regards,
Rajesh.

Dear Experts,
Can anyone provide me an internal audit report for a private limited company covering all the elements in balance sheet and profit and loss account.
Their contributions are highly appreciated.
Thanks & Regards,
Rajesh.

Sir,
Please tell
Suppose my ICICI bank had balance on 31/03/2011 as per book is 150000/-
but one cheque presented for payment in bank on 4/4/2011 for Rs.10000/-
As per bank as on 31/3/11--- 160000/-

Now my question is while preparing the balance sheet on 31/03/11
which balance should we take in balane sheet

Reply

Request you to please arrange to provide the details of TDS(Salary&others),Service tax,Value Added Tax,CST,TDS on WCT,Advance income tax,Fright Benefit tax,

monthly,Quartely, Half & yearly reurn form no.(like 24Q for TDS salary) details required

please do the needful

a society is running one school only. There are many contract person at job.

shall society be liable to deduct TDS on that person? However this society's turnover is not exceed the limit given under sec 44AB.

further society will be liable to get TAN?

plz suggest me.

Pl provide the reference of section which describe rotation of statutory auditor ? Whether it is compulsory to rotate?

One of my assessee is doing the business of recharge voucher. For this, he is getting commission on recharge value.
For Tax Audit u/s 44 AB , whether the commission amount is taken as turnover purpose or Gross receipt is taken.

Gross receipts - Rs. 6600000/-
Commission Received- Rs.650000/-
Whether audit is mandatory?

hi sir.......
1. In recent 2g case it was found that most of certificates given by CA s regarding paid up and authorised share capital are wrong

2.In india all most all companies make apolitical contribution with out showing it accounts As political contribution they just simply include them in various other expenses and auditors are also simply certifying them as correct.


ARE WE CAs NOT REPONSIBLE FOR BLACK MONEY ?
IS IT CORRECT WAY OF DOING AUDIT?
PLEASE CLARIFY MY DOUBT SIR.............