sir can it be possible to score 50+ in audit by reading SA, company audit, govt. audit,CARO,vouching & verification of assets & liabilities& specialized audit etc.?

HI

RESPECTED MEMBBER

I WANT TO KNOW MEANING OF INVENTORY TURNOVER RATIO?

WHAT IS GOOD FOR COMPANY WHETHER IT SHOULD BE HIGH OR LOW?

WHAT IS CONSEQUENCES OF HIGH AND LOW TURNOVER RATIO?

FOR GOOD COMPANY PERFORMANCE WHAT SHOULD BE THERE HIGH OR LOW?

after auditing ,CA issue report 3CD & 3CB.
IS NOW B/S & P&L A/c is required to submitted unfer Form 23 to Roc?
i am not sure about form
pl guide

Sir,

is there any cash retention limit by any type of business concern whther proprietary, partnership, company, Aop or BoI....

Dear Sir,

I woulld like to know the applicability of provisions regarding paragraph-4(xiv) of Companies Auditor's Report order 2003. We have invested Rs.1 1ac in the year 2010-11 in SBI mutual fund in a view to holding investment not as trading purpose. Please clarify is this investment is allowable or not.

While uploading Income Tax Return of Association of Person in which Tax audit is applicable, due to oversight we have wrongly feeded date of Tax audit Report as 22/09/2011 instead of correct date viz 29/09/2011. There was unpaid MVAT liabilt which AOP has paid on 27/09/2011. Actual Date of Audit Report is 29/09/2011. Whether we should revised the return for the above purpose?

I have the following queries related to Disclosure for Foreign Exchange Transactions

1.If an employee spends in foreign currency and then later the company reimburses it

2.The company gives for e.g.200 US dollars to the employee to spend and later the total cost of the employee comes to be 300 US dollars of which the shortfall of 100 US dollars is paid by the employee,the company reimburses the balance 100 US dollars in INR,

Will these cases be counted under foreign currency transaction & will be required for disclosure in Notes ?

Please guide for the same.

Thanks in advance.

An company has installed an plant in the nov11 but hav not started its operation yet. The plant is ready to be used. The company has capitalised all the expenses in past till as on date as an preoperative expenses. Is company proper in doing so?? Can we claim depreciaton on the same? What would be the Income Tax implication??

Dear Experts,

One of the client falling below tax audit limit, however the audit was done as the profit was below 8 % now the audit has been done and the rertun has been filled. Now the assessee has revceived another paymnet certificate pertaning to preevious year 2010-11 on which tax has been deducted at source,
Now as there is no provision for revision of audt report as per my understanding. Now what is the option available to the assessee.
Is there any liablity on this part of the Auditor.

The new auditing standards which begins with SA series, why is it so numbered? E.g Why basic principles governing audit is named SA-200 & using work of another auditor named SA-600?