Audit of a AOP(RWA) was being done by one auditor ,and at the time of appointment or thereafter there was no reappointment was being done in any meeting.Now if new auditor is being appointed by that AOP,what are the formailites for the AOP & new Auditor.New Auditor need to be appointed at EGM or AGM or can be appointed at any Governing body meeting.Also in case there is no reappointment of auditor is being done of the previous auditor ,still new Auditor has to take NOC from the previous one.

If a company is charging depreciation on a SLM method under the companies act and an asset is purchased on 23rd Feb,10 and the company provides depreciation for FULL 2months feb, march. Is there approach correct?? or should the depn be calculated based on no. days calculated from 23rd Feb,10-31st Mar,10??I mean if an asset is purchased in the middle of the month n depreciation is provided on SLM Basis, how shall the depn be calculated for the month of purchase?? Should it be the full SLM dep calculated for remaining months or should it be on a proportionate basis??

Please tell me what is the mening of purchases while calculating the consumption ammount? Closing Stock is valued at as per AS-2 i.e.cost or NRV whichever is lower.Closing stock is exceeding the purchase price as it includes freight amount and so the consumption turns to be negative? Is there is any remedy for this?? Please do reply fast.

Sir
i am main contract and i have given my contract on sub contract for pcs rate working and my all sub contractor has short valume of labour like that 10, 11 or maximum 12 labour . in this case i will be liable for deduction of pf & esic on sub cintract payment pls tell me i deduct tds only sub contract payment

whether it is compulsory to transfer to reserves in case dividend is declared by company out of accumulated profit of past yerr not transfer to reserves?

Hi
I would like ve the format of requirements of Schedule VI with regard to Balanse sheet and P&l statement with the list of disclosures

could any one pls provide transportation Audit checklist for the purpose of internal audit in manufacturing company.

one of my friend is willing to conduct tax audit of his newly partnership firm even though turnover is only 12 lacs.its business is manufacturing of oil engine parts.is it proper?

sir an assessee being a prop. firm is 1st having its tax audit this year. Sir in form no. 3cd, in its annexure 1 should i give last year's b/s figures as those belong to unaudited B/s?

Dear sir,
I am Individial self employed
business man my personal name i file
return but my turn over is not above 40 lakhs so i donot Audit my personal Account.

My query is that If i do trading delivery
and futures abover 2 crore in my Account
am i liable to Audit my Account. i have heard if i donot Audit i could be liable
to pay find of 1,50,000/- or 0.5% of my trade value. pls inform me ..
thanks.