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?

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

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

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

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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......

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.

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

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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??????

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.

if average TDS per month comes to Rs45000. And accountant of the company only deducting Rs20000. on asking, accountant says that on 1 april,, he has no knowledge of increments during the year in salary... therfore the difference is arising... in this case will company is liable for punishment...????