Dear all, pls treat this query as urgent..
if an entity is holding 100% in its subsidiary...and in the current year, makes additional equity investment still holding 100%, will goodwill on consolidation arise?

Note 1: Goodwill did not arise during 1st investment
note2: shares are issued at par

urgent pls

WHETHER WE HAVE TO REPORT IN CARO YEAR WISE,I.E. E.G. COMPANY HAS NOT RAISED ANY LOAN IN THE C.Y. BUT HAS OUTSTANDING LOAN OF LAST YEAR, SHOULD WE HAVE TO REPORT ON UTILISATION OF THAT LOAN?

WHETHER WE HAVE TO FOLLOWE CARO WORD BY WORD ORIGINALLY WRITTEN OR WE CAN USE OUR LANGUAGE?

IS IT COMPULSORY TO FOLLOW SEQUENCE IN CARO?

What is Stock Statement(For CC limit in Banks) ?plz give full information.

If the CFO of a company and any relative of the director of the company is the director of other comapny then does the relationship between the two companies stand to be holding subsidary relationship?
if not then what then as an auditor what solution can we give to our client in such situation?

please tell me about whethter the incoming auditor can accept appointment if the previous year audit report was qualified.
In the same case wheather the retiring auditor can take objection in case of qualified audit report issued by him in previous year at the time of intimation of appointment.

hey frnds..
i want detail explanation on consolidation of accounts when accounting year of both the company is different.. subsidary company is foreign company.. can anybody tell me the site or provide me any word file which gives idea of different issues regarding this...
thanks...

SIR,
Please let me know what are the check list and ratio analysis of the balance sheet and other business record to get the TERM LOAN from Banks.

Should Disclosure of EPS as Per AS-20 in case of Loss making Company is necessary?

if Yes so Should it is disclosed with Negative Figure or should on 0?

I have a client which is listed on Bombay Stock Exchange and which have a wholly owned subsidiary company located in British Virgin Island. As there is no statutory requirement of audit in British Virgin Island the accounts of the subsdiary is not audited there. But for consolidation purpose we require the audited accounts of the subsidiary company.

So my question is can a Indian CA audit the accounts of the subsidiary comapny which is located in British Virgin Island ?

If yes than whether the indian CA is required to issue the audit report as per CARO 2003.

Please advise.

Thanks and Regards
Bhupendra Gandhi

A company has the share capital of Rs. 110,000,000, therefore as per section 383A of the companies act. It is under the compulsion to appoint a whole time CS. But the same has not been appointed till date. In that case as an Auditor we should qualify the report or not.

Please reply, i'm awaiting.Thx