what is stock audit? and procedure to do it?
its relevance?

I have done numerous statutory audits but this is my first internal audit. So I dont know the extra steps which should be taken on every particular area.
However, I am doing internal audit of a leasing company for the period 1/4/10 to 30/9/10. So i need to know what extra steps do i take to verify the rental income for the same.
Also, this company has changed its accounting package on 1st July 2010. So, half the entries are in one package & half the entries in other package. So, i have to perform an internal control system audit as well. So, how do I proceed for this?? can i have the checklist for this as well??

cost audit Compulsory for all company or ???....

what are the steps are required for cost audit???...

Thanks

who does audit of CA firms n big 4?

Respected Sir,

Please say how much cash loan can a proprietor borrow from Friend,relatives for his Business.is this loan ussecured.The Proprietor has not given any security.

Please Reply.

Thanks & regards

Can Public Trust is required to get permission of Charity Comissioner to Write off Debtors or Wtire backs Creditors, if yes then under which section in Bombay Trust Act,1950?

I have done numerous statutory audits but this is my first internal audit. So I dont know the extra steps which should be taken on every particular area.
However, I am doing internal audit of a leasing company for the period 1/4/10 to 30/9/10. So i need to know what extra steps do i take to verify the rental income for the same.
Also, this company has changed its accounting package on 1st July 2010. So, half the entries are in one package & half the entries in other package. So, i have to perform an internal control system audit as well. So, how do I proceed for this?? can i have the checklist for this as well??

One can Please help me that what are the things to be check in term Loans

Pl It should be Exper Advice

HI.. I DONT KNOW MUCH ABOUT BANK GUARANTEE...
MY QUESTION IS..

THE COMPANY HAD BG (Rs.28 LAKHS) FROM ITS BUYER W.E.F 26-4-2007, WHICH IS EXPIRED ON 25-7-2010, SO.. IN AGREEMENT MENTIONED THAT ALL RIGHTS OF THE SELLER UNDER BG SHALL CEASE AND BANK SHALL BE RELEASED AND DISCHARGED FROM ALL LIABILITIES...

SO, THE COMPANY CAN ELIGIBLE TO DRAW SUCH AMOUNT IN THE DATE OF EXPIRY OR SHOULD HAVE TO GET RENEWED BG.

PLEASE ANSWER ME SOON..

THANK U

JAGADEESH ACHARYA

HELLO FRIENDS
I AM LITTLE CONFUSE, I WANT TO KNOW THAT MY MONTHLY BALANCE OF BANK BOOK IS NOT TALLY WITH THE BANK STATEMENTS BUT AT THE END OF THE 31ST MARCH IT IS TALLIED....
SO IS THERE ANY WRONG EFFECT ON POINT OF VIEW OF TAXATION?????

KINDLY HELP ME.............


REGARDS:
RAKESH CHAUHAN