Dear All,
Please through some light on this:

There is one holding company suppose X, regd in Singapore. A & B are its subsidiary regd. in India and Japan respectively.

I am the company secretary in A and our directors are willing to appoint me as the internal auditor of B. Is this move correct or there is some legal consequences for this??
Its bit urgent....

Regards
Pratibha

can a CA audit the company where his wife holds 60% of shares and 40% is held by his father.
if so should he disclose the relationship in the audit report.

can anybody send me amendments in standard of auditing applicable for may 2011 pcc urgent

In one company, one legal lawyer is appointed as a director.
Before his appointment, he was paid some amount for awailing his legal services in the capacity of Lawyer for some law suits...
Is there any requirement to disclose such payment under AS 18??... if yes, then where should I disclose??...

can any body tell me how can audit to a firm / bank
what r the things which we take care when audit

Do we have to make any disclosure in the Notes to Accounts of a company that has no activities & is hence dormant [Co Law filing of Annual Returns, Balance Sheet, etc are done regularly].
This also does not fall within the scope of 'Discontinuing Operations' as no activity has been formally discontinued.

Hi

Pls guide me on Internal Audit of Mfg concern.

Pls mention specifically abt inventory,costing,environment,energy audit also if not covered above

Provide complete guidelines,Laws or even best books covering above area & thr expected cost also

Thanks in advc.

One of our client in real estate business developing various types of flats, commercial plots and later on selling the same. For the viriuos reasons they have to give variuos types of bank guarantees to variuos authorities.For issuing the bank guarantees,bank is keeping margin money. On this margin money bank give interest on a regular basis.
Whether this interest income need to be deducted from the project cost or should we credit this to the Profit & Loss Accoubt as income?

As per the Mercantile System the expenses/ income due/ accrued should be provided in the books of account. My query is that as per the RBI Guidline the interest on the Saving Bank Account should be calculated on the daily basis however in the books of the account of bank such interst is provided at the end of the month and not on daily basis. So whether there is violation of the Companies Act, 1956?

The accounting year of the finacial year ends on 31st March, on that date the finacial statement prepared. While checking the bank reconcilation statement we have noticed that some of the cheques issued by the client and remaining outstanding as on 31st March have become stale during April, subsequent to March.
Should we ask the client to reverse the cheques as on 31st March i.e. as on the date of the financial satement.

The client is of the view that the event occurs after the date of the financial statement, these need not be reversed.