Please tell me when it is compulsory to conduct internal and statutory audit ?
tell me the limits above which it is necessary to conduct internal and statutory audit . please provide in detail.

A company has executed a partnership deed on 30th march and doesn't pay any amount for this. how this effects the financial statement as on 31.03.2011?

How we treat this situation in financial statement? either shown as payable to partnership firm in company's books of accounts or shown as notes to accounts? whether it covers under AS - 4

Respected Sir / Mam,
Kindly assist me regarding audit procedure of purchases import.

Hi

We purchase software license from X Ltd. Details of the same -

Base Price = Rs.1000
Service Tax on above = Rs.103
VAT (on BP + ST) = Rs.44
Total (invoice value) = Rs.1147

TDS [(1147-44)*10%]= 110

Whether the above procedure followed by client in right?

Why in computing VAT ST included? Why in computing TDS VAT portion alone eliminated? Whether those are requirement of act? If so, help me out in knowing the same.

Thanks and Regards
VS

purchase of a D.G set included law charges, other miscellaneous charged paid to governement authority will this cost to be capitalised

Dear Experts,
I am about to attend an interview in a manufacturing company and if the interview is success full i would be joining in the middle level category.
So I PLEASE REQUEST ALL THE EXPERTS IN THE INTERNAL AUDIT FIELD TO KINDLY EXPLAIN ME THESE QUESTIONS SO THAT I CAN ANSWER THE PANEL IN A CONVINCING WAY.
If any of the experts think that some other question might be important for joining in the internal audit please enlighten me, i shall be greatful for all of them who guide me in this regard.
1)Can anyone explain me how is the internal audit done for purchase, sales and expenses in a manufacturing industry (in real)?
2)What are the factors considered by a company regarding PRODUCTION plan to be carried out through out the year at the beginning of a year?
3)Can anyone provide me a proforma report which can be given to the management as an internal audit report for the above.
4)How a company decides to go ahead of an Capital Expenditure?
5)Pls. explain me about Organisation Chart

Thank you and regards,

Rajesh.

dear sir/maa'am,

XYZ & co. a firm of chartered accountants has been appointed as auditors of ABC finance ltd. from which son of Mr.X, a partner of the firm took a loan of Rs. 50 lacs. Is the appointment valid???

please reply to my query as soon as possible....
thanks in advance....

hello sir i want to know wat is the difference between internal control,internal audit and internal check

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This is the link to see the Audit lecture by veekkas kapoor sir,

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I ve to submit a Quotation for grtting Audit of an organisation.Plz mail a performa of Quotation. my E-mail ID is cakaish@gmail.com