What are the area to be considered in internal audit of order to cash?

Hi,


Please provide the list of items that includes in Turnover U/S 44 AB?

what is meant by qualification of audit report?

One of Company has issued cumulative participative preference shares.The Company has not declared or provided preference share dividend on shares during the financial year 2009-10. As per
Companies Act, 1956 dividend accrue,even though not declared or porvided in books of account for F.Y 09-10. As per para 13 of As-20 the current year's dividend on shares should be reduced from PAT for calcualatine basic E.P.S eventhough not declaed or provided in books. This affects indian corporate world substantially. Please explain.

If the Company has taken foreign currency loan for assetunderconstruction and the interest monetorium period is 6 years Should we book exchange gain as on 31st March,2010 as income or reduce(decapitalise) the cost of asset under consturction ? This affects indian corporate histroy greatway.Certain companies reduce cost of asset under construction due to exchange gain on such loan taking base of notification of As-11 issued on 31st March,2009.Mr.Dolphy De'sauza also opines the same may be credited to profit and loss account Please explain which is correct accounting effect to reduce cost or to book the same in profit and loss account

Hi
Respected Member

I am PE-2 student and i cleared my 2nd group in PE-2 now i going to convert in IPCC so can i start my articleship.?

One of the directors of public ltd. comp. died in FY 2009-10 and another director was added in comp. Plz tell me what to see as an auditor.What and where to report in audit report(Caro report and 3cd report)

HI
RESPECTED MEMBERS

CAN ANY ONE GIVE ME PROCEDURE OF IMPORT PURCHASES.

I AM VERY CONFUSED WHAT TO DO FOR EXPORT SALES.

THANKS
IN ADVANCE

how will u as an auditor treat the following?
1-receipt of substantial amount by way of damages from supplier in respect of inferior quality of raw material received and consumed during the year under audit?
2- finished goods were valued at cost of production including administration overhead.
3-financial expenses and advances paid to contractor during the period of construction.
4-know how relating to manufacturing process paid rs. 50 lakhs and know how relating to drawing of plant and machinery amounting tors. 100 lakhs.

AFTER REMOVAL OF FBT WHAT ASPECTS OF BOOKS OF ACCOUNTS OF A COMPANY WILL HAVE TO BE MENTIONED IN THE 3CD.