R. A. RAI.
25 January 2011 at 12:38

Limit for signing audit

Pls let me know what is max limit of signing co. audit tax audit vat audit bank audit etc


Christian Jokin
24 January 2011 at 22:48

To Choose Reference Book.

Dear Sir/Madam,

I am quite confuse for choosing right reference book for CA Final.So Please tell me which is the best book for Audit for CA final Examination.

Is it better to refer Prakhar Sharma or Taxman?

Or Any other book?


Hardik Shah
24 January 2011 at 14:42

turnover limit for realty developers

is there a same turnover limit applicable for audit of real estate company which is applicable for other businesses? Because a single house can be sold @ more than rs.60 lac so there should be applicability of audit of accounts? pls. reply



Anonymous
24 January 2011 at 13:43

income tax audit

my client is partnership firm engaged in construction business,firm purchase material and land which exceeds 40 lakhs but there is no sale of flats as these were not fully constructed but there is advance received for booking of flat whether my client will be liable for tax audit


CA Sameer Suman
24 January 2011 at 10:38

Needing help in audit prepration

Can any one help me. I used to get less marks in Ca Final Audit paper it is my fourth attempt in and i got only 37 marks in each eaxamination i have taken for Ca final till now so kindly guide me i am very confused and i am alos a self study person and never gone for classes.

Kindly give me a favour urgently


pooja
24 January 2011 at 08:37

deduction of TDS

hhhhhhhhhiiiiiiiiii...........
if a company, whose debtors deduct their TDS @ 15% instead of 10%. then is their any disadvantage for the company who is recieving the TDS due to higher rate of charging the TDS??????????
PLZ D REPLY AS FAST AS POSSIBLE......


Laxmikant agrawal
23 January 2011 at 19:50

professional misconduct

hi
i have another query regarding professional misconduct that whether a chartered accountant firm will be guilty of professional misconduct if they send message to there clients through mobile or net by indication there firm name that one of the article from there office have became CA or cleared one of the exam conducted by the ICAI.Further they can give any notice regarding any updates to there clients.


ASHISH JAIN
22 January 2011 at 19:26

Performance Materiality

Hello experts,

In SA-320(Revised), Materiality in Planning and Performing An Audit, a new term, viz., "Performance Materiality" has been introduced.
The formal explanation for the term is as follows:
"Planning the audit solely to detect individually material misstatements overlooks the fact that the aggregate of individually immaterial misstatements may cause the financial statements to be materially misstated, and leaves no margin for possible undetected misstatements. Performance materiality (which can be one or more amounts) is set to reduce to an appropriately low level the probability that the aggregate of uncorrected and undetected misstatements in the financial statements exceeds materiality for the financial statements as a whole. Similarly, performance materiality relating to a materiality level determined for a particular class of transactions, account balance or disclosure is set to reduce to an appropriately low level the probability that the aggregate of uncorrected and undetected misstatements in that particular class of transactions, account balance or disclosure exceeds the materiality level for that particular class of transactions, account balance or disclosure."

But, this language is too difficult to understand the meaning of that term. So, it would be a great help if any of you could explain this in simple terms.

Thank You


pooja
21 January 2011 at 21:49

tips for audit of service concern

hhhhhiiiiiiiiiiiii.............
mi querry is this, i m an article, from tmmrw i m going to start an audit of a service concern. they are basically provide after sales services nd some time they also purchase some parts of machinery.
can u tll me what imp. point i should kept in mi mind while doing audit of that company??????



Anonymous
21 January 2011 at 17:51

TDS on salary

can any one tell me whether Donation paid by enployee during the current year is considered while deducting tds on salary? if no pls tel me the circular no.






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