I am doing internal audit of Charitable Trust, Registered under BPT ACT,1950 , is it compulsory to Reprot by me to Statutory Auditor of my Findings and I is it complusory to Give Audit Report to Statutory Auditor.

I am doing audit of one company.

While going through the ledger of Insurance expense, i found out entries of mediclaim paid to directors family.

I want to know, whether the above is a personal expense or a business expense?

How is an auditor automatically getting re-appointed? Does the company need to do anything? what happens if they don't issue ordinary resolution?

Actaully i need financials of a company...balancesheet, p&l...how can i down load it from MCA website...

Hi

Anyone know where the conversion etc of financial statement to XBRL work is done?

Thanks and Regards
VS

HI,All Friends
I have imported few machinery, and i have appoint CHA Agent for clearance. They rase the bill for that expences with their agency charges. now my accountant is saying that the TDS will be deducted from all the expences where as my CHA says you can deduct TDS from that charges accept Custom Duty, Stamp Duty and Octroy.

Should i follow my accountant or CHA???

A COMPANY LIKE SHARA OFFERS ITS CUSTOMERS TO GIVE LAND AND IF THE CUSTOMER IS NOT INTERESTED THAN THE COMPANY WILL PAY BACK THE MONEY WITH DECLARED INTEREST AFTER SPECIFIC TIME. FOR EXAMPLE A CUSTOMER PAYS RS 100 EVERY MONTH FOR 1 YEAR THEN HE WILL GET LAND WORTH RS 1200 OR RS 1200 WITH INTEREST OF RS 500. NOW THE QUESTION IS WHETHER WE WILL TAKE INTEREST FOR THAT FINACIAL YEAR AS EXPENSES OR NOT.

In case of Concurrent Audit while checking the fresh Advances made by the bank what details & formalities should be confirmed for example if a bank advances a term loan of Rs. 10.00 lacs to a customer what papers should be checked?

Please help me i m really unaware about all this and i have to do a concurrent audit next month.

if we see that most of the accounts are NPA,
is is compulsory to give detail in moc of all the account?

Detailed form 111 shows the sanction limit is 0 or lessor than the advance amount.

what should be the treatment in aur audit report.