My company was having certain old expense provisions in the books in the year 2008, during the audit of 2009 (calender year), reversed the provisions as it is.
But during the financial year audit for 2009-10, decided to reinstate those provision and show it as other income, since during assesment there would be a problem in justifying the low expenses.
What are the implications, is the company justified

If I have debtors balance for export the goods with us then what should I do for foreign exchange differance at the time of booking and as on 31st march? What entries should I do? and What are the basis of these entries?

HELLO SIR....

WHETHER A COST ACCOUNTANT(ICWA) CAN ACT AS A INTERNAL AUDITORS OF A COMPANY...IF YES PLS INDICATE THE SEC NO

I am doing audit of a pvt company,Company has been paying to its group company as advance against the project, and there is no as such any agreement regarding this. This is only a inter company fund mnagement
is there any dislouser requirement?

What is the difference between TAX Invoice and RETAIL Invoice? Please explain briefly

I M STUDYING AUDIT-PAPER FROM NOTES OF VINOD KUMAR AGRAWAL,SO IT IS SUFFICIENT COURSE-MATERIAL FOR UPDATING IN EXAMS.
PLEASE SUGGEST

Machinery was purchased in April and it was returned back to vendor in december , whether for this depreciation has to be calculated

Please specify what is Tax Audit ? And to whom is it obligatory to get tax audit done ?

how to treat audit fees in p&L & b/s

Dear Sir,
Whether a company is not maintaining a Fixed Assets Register from the date of incorporation itself, What is the duty of Auditor with regard to Physical verification of Fixed Assets?
Company's Turnover during the year Rs. 30 crores, Fixed Assets 1.75 Crores, Loan from Financial Institution Rs. 50 lacs
Query:
1. What is the reporting requirement under CARO and Section 227?
2. How should the Auditor frame the report with regard to Non-maintainence of Fixed Assets register, and physical verification?