Dear all,

Our company's balance sheet has been signed. After studying it I found, some of expenses which belong to FY 2009-10 has been not booked. although Tds was deducted and deposited in the March-10 and invoices date is also march-2010. will this thing bring some penalty or its correct according to law. Please guide me.

hy sir, my name is jainendra,

my question is what is meaning of high sea sales? what is the process of high sea sales?

CAN THE AUDITOR HAVE LEIN ON BOOKS OF CLIENTS?

Yes, he can but it is conditional...................

ITS THE ANSWER IN MANY BOOKS EXCEPT PADHUKAS :


ANSWER IN PADHUKAS :

There is a judgement namely:-

R.D.Saxena Vs Balaram Prasad Sharma [2000]

The auditor cannot apply lein on clients books and he can proceed through any other legal action
for getting his fees.......!


PLEASE CLEAR MY DIALEMA
THANKS IN ADVANCE.................

When is internal audit required & when is it necessary?Can a previous internal auditor be appointed as a statutory auditor

A company has 4 directors and 2 of them claim that they do not have the Balance Sheet for 2 years. They approach the auditor for the Balance Sheet of those two years.

Does the auditor have a right to refuse to give these balance sheets?

ONE OF THE DIRECTOR RESIGN ON 15TH JUNE 2010 FROM A PVT. LTD COMPANY.PLZZZZZZZZ TELL ME WHAT WILL BE ITS EFFECT ON FINANCIAL STATEMENTS AND AUDIT REPORT OF COMPANY FOR THE YEAR ENDED 31ST MARCH 2011???????FINANCIAL STATEMENTS WILL BE PREPARED FOR WHOLE YEAR ONLY??????

sir ! I wnt to know that may I file the e-return after due date (15 oct 2010 for A.Y.2010-11)If the account of the firm has been audited with in due date.If Yes , pls clarify me that is there any penalty of sec.271 B in this case? Urgent.

Hello friend,

I have a query.X company wants to appoint auditor for 2010-11.The proposed auditor is newly qualified, so his COP and membership no. is about to come in a month.So what is the procedure to show his appointment??Note that AGM of company is already over..

whether caro is also applicable to NBFC...
but in my opinion it is not applicable on NBFC coz caro is applicable on banking company as defined in banking regulation act.

HELLO FRIENDS,
I AM REALLY CONFUSED THAT IN APPOINTMENT, REAPPOINTMENT & REMOVAL OF AN AUDITOR FOR PRIVATE LTD OR GOVERNMENT OR LTD COMPANY IS HOW DIFFER FROM EACH OTHER. I AM REFEREEING THE BOOK OF AUDIT BY MR. CA URVISH SHAH BUT I AM REALLY NOT GETTING THE ACTUAL DIFFERENCE IN THESE MATTERS.
I REALLY CONFUSED THAT HOW AUDITOR IS BEEN APPOINTED IN DIFFERENT CIRCUMSTANCES SO PLEASE GIVE ME CLEAR EXPLANATION IF IT POSSIBLE.


THANKS
RAKESH CHAUHAN
rakesh_1020@ymail.com