Sir Can you tell me what are the types of audits & when they are applicable..???

Can High courts order override the Accounting Standard????????????????

A practicing charted accountant has a 10 years of experience in some specified field and wants to give AD in justdial.com
and suppose AD given in JUSTDIAL .com and placed his Proff .exp in seperate pages
can he guilty of professional misconduct

I have sent a letter of communation to previous auditor of a pvt ltd company by Registered Post Acknowledgment Due. What is the reasonable time that I should wait if the previous auditor do not reply.

One newly qualified CA practicing in his own pro firm name. now his previous principle offer him for partnerships a full time practiconer .Object is get Bank audit and other panel auditIs form ICAI.

Is the person practise under both firm name??
can he practice in his own firm name as well as partnership firm name ???/

Good Morning everybody

Wish to know that:

Whether a relative can give interest free loan to the proprietorship concern of relative????

Please explain with Income Tax Act & TDS Matters in relation to it also.


Thanks

one of our client is the running digital photo studio and flexies printing. Its a propreitory concern.
The main source of income is from printing photos from the disks brought by customers and from passport photos they snap in the studio and flexies were printed in a separate branch office.
The main problem here is employees are manipulating the photo print size and reducing the size slightly even we can not identify , that is how they could able to save some film role and they use this film role for printing their private job works
pls kindly help me in how put controls in the digital studio to prevent the manipulation.very urgent
thnks in advance

Hello Sir,

One of my client, Pvt Ltd, had not included one bank in the accounts and even the auditor did not check that.

Though all the receipts and withdrawals were shown as cash receipts and withdrawals. The previous auditor might not have checked the same.

Now this year, the directors are under doubt as to show the account or not.

In my opinion, it should be shown as it contained huge transactions affecting business.

At the opening, we may create a ledger of bank through crediting cash and debiting the new bank as per the opening balance of Bank.

I have doubt as to what consequences will it have.

-Do we need to specify in to notes about this?
-In future IT Assessments, what kind of penalty/consequences?
-Any other solution.


Thank you

I wnat IT SM GOOD NOTES & AUDIT
PLZ SEND MY EMAIL ID 7 suggest how i prepare for this 2 exam

AS-3 APPLICABLE TO PVT COMPANY?AS PER ONE CONDITION OF LEVEL-1 ENTERPRISES
All commercial, industrial and business reporting enterprises having borrowings, including public deposits, in excess of Rs. 10 crore at any time during the accounting period.

PVT LTD CO HAVE BORROWED UNSECURED LOAN FROM DIRECTOR MORE THAN ABOVE LIMIT.THIS CASE FALLS UNDER THE ABOVE CONDITION.