What technical understanding in a Company's internal audit under SAP is required?

How can we simplify audit process under SAP?
Are there any simple tips to acquaint with the SAP's audit process?

- thank you.

In case caro reporting had been done in previous years, although no condition was satisfied, then whether it wil remain applicable for subsequent years also and All three conditions are to be fulfilled simultaneously for its applicability????

Is it necessary to check limits every year or once applied it wil be applicable??????

Will u please tell me if the CARO applicable to a private limited co. having a net worth of Rs. 35 lakhs, Turnover exceeding Rs. 5 crores and loan from banks exceeding Rs. 25 Lakhs. Two of the ocnditions for the applicability of CARO are met and one condition regarding net worth is not met. Then CARO is applicable or not?????????

Dear All,
One of the company has never provided the Deferred Tax assets/liability in the books becaue of losses. In the current F.Y. DTA/DTL has to be provided in the books. In the c.y. there is a profit and As per Income Tax Act all brought forwards losses and depreciation will be allowed. please advice whether DTA/DTL would be made on brought forward losses and depreciation also.

Does an employee have an option not to opt for PF if his salary exceeds Rs.6500, or payment of at least Rs.780 is compulsory.

Thanks in advance

please tell me how to do finalisation of audit and how to do leder scrutiny of profit and loss items like freight charges etc

A co is a subsideary co of B Co and B co is a substantial interest in C Co.
If A co sum transaction with C Co.
Than A Co & C Co is a related party & this transaction disclosed in notes to accounts.


prashant kumar

Hi, I'm Preparing for CWA Stage-2 June 2010 Exam Under 2002 old Syllabus. In the Previous Attempt I have scored very less marks in the subject "Auditing". Please Suggest me how to improve this subject.

how to work out value of closing finished stock at the time of finalisation.PRACTICALLY we know mkt price but how to compute cost price whn diffrent raw material is using to produce product & this different raw material having diffrent quantity units i.e some in kgs ,mt,liters for same product.

thanx

A Chartered Accountant in practice as well as firm in practice, shall maintain a record of audit assignment accepted by him in "PRESCRIBED MANNER"

My query is that, any format given by institute for maintenance of these records....?