Sir

Can anyone please clarify whether the concerned bank branch will provide the formats of the various reports and certificates to be provided by the auditor in case of bank branch audit or do we have to take it with us before the comencement of audit.

kindly clarify

Thanks.

Sir
Could you please provide the format of letter to previous auditor in case of bank branch audit under clause 8 of CA Act,1949.

What should be done when a new auditor (before his appointment) sends a letter to previous auditor to obtain NOC from him, but he does not give any reply? Can he accept audit without NOC? Is there any time limit for giving reply about NOC, in case of previous auditor?

Can a single C.A. make two audit report for the same year?

Is it legal?

Which legal action should be taken, if this event occurs?

Please reply,

Regards,

Mr.Sumit Khandelwal

Dear Sir,

Please explain,what are recalled assets (advances) in case of Banks (this is related to NPA accounts in Banks)?

Is it advances recalled under SARFAESI Act 2002, i.e, notice issued u/s. 13(2) of SARFAESI Act for recovery purpose?

As per Companies Act and CA Act, statutory auditor cannot purchase shares of auditee company.
My query is that whether this provision also apllies to internal auditor or not?

Please reply.

difference between accounting standards and standard of auditing

Dear Sir,

What does MAT Means.

What do we see in ACT



What do we see in Rule

Please say the relation so that i understand the ACT and Rule of Income Tax.

Can any one confirm as to Limit of Advance is being increased from Rs.10 Lakhs to 25 Lakhs so far Non corporate entities are concerned for Comulsory Audit of Books of Account in relation to one of the clause applivable to LFAR.

Please reply immediately as branch audit of Natinoalised Bank just to start.

Regards & Thanhs in Advance.

Suppose i do one intraday Transaction in of Rs. 1 Crore Purchase and 1 Crore Sales (In Share Market),
Shall Tax audit applicable to me for my above Transaction, as it cross Limit