Respected Sir B.Chackrapani Warrier and other experts, in our case as advised by you, same procedure was followed, but in our case outgoing/refusing CA was telling on telephone to our present CA your appointment is void, as section 224(3) was not followed, because in this case appointment should be done by Central Govt. When outgoing CA was asked about any objection, he did not reply withing stipulated time. Our firm was audited and all other formalties was complete. Now I want to know even if the New CA should be appointed by the Cent Govt, but new CA was appointed as following the procedure shown by you also. What are the consequences on Company Audited and on new Auditor. Please reply after going through the section 224(3).

A auditor gets appointed at the AGM & he has to accept such appointment. What happens if he refuses such appointment? Who is responsible then for appointing the auditor ?

Xyz & Assocites , a chartered accountants firm has been appointed as
an statutory auditor of Abc ltd. at the Annual General Meeting for the
financial year 2009_10 which is held on 30/06/2010. The partner of the
ca's firm "X" was indebted to the company of Rs. 10000/- at the
begining of the year i.e. 1/4/2010. By hearing of notice of the
appointment "X" pays off his all liabilities as on 15/06/2010. Examine
whether the appointment of xyz & associates is valid.

hello sir,

I have a query of whether it is auditable u/s 44AB or not.

In one of the case, a party is selling Fruits on commission basis, in which purchasing from many parties & selling onbehalf of them on commission basis.
But that party is receiveing cheque sometime from retail sale also in his name & then he just issue in the name of creditor( from whom he is purchaseing), after deducting his commission from that amt. && The Purchase bill clearly shows the amt of commssion of that party.

& books clearly shows same amt of commission's purchase = Commission Sales .

Sir, please kindly, help me out with proper explanation, is it liable to Audit or not in case where after adding commission's sales its may goes more than 5 crores. orelse just 10 to 12 lacs.

thanking You in Advance.

& happy Diwali & New year to all.

what is difference betn statutory Audit, Tax Audit & Bank Audit

Dear Sir, i have observed that to take a finance some of the people make the false balance sheet or modification in original balance sheet with respect to loan calculation. i wish to know how far risky it is with respected to audited & unaudited balance sheet...?

WHAT IS LIMIT FOR AUDIT OF COMPANIES TAKEN BY AUDITOR U/S 224(1B)?

WHICH IS APPLICABLE FOR PCC NOV10?

Please tell me that is there any difference between statutory report and directors report?
plz briefly explain both.......

What are the difference between statutory audit and tax audit ???
Is tax audit can be done without statutory audit ?????

Hi,
What is the difference between Statutory Audit and Finance audit.