What are different aspects to be checked in Internal Audit.

can a ca do practice after getting cop but without registration of a firm

Plz.... help me About CARO 2005 Reviesd

rules regarding Audit of AOP

trust have registration under society act 1860.but not registred under section 12A of income tax. now which ITR to be use by trust & which taxation rule apply.

IS AUDIT COMPULSORY FOR EVERY PRIVATE LIMITED CO'S.
PLEASE LET ME KNOW THE DETAILS RELATING TO AUDIT OF PRIVATE LIMITED COMPANIES

Hi,


Is there any Changes IN TDS Rates in FY 2010-11 Please Guide me.

Regards

Survesh

As am appearing for pce. I want to know that I have to memorise revised SAs along with previous SA or only revised SAs for exams for example SA-580- Management Representation & SA-580 (Revised)-Written Representation (WFF 1st April-2009).

Regards
Abhinav

Hi there,

These are my findings below :

where an auditor appointed at an annual general meeting (U/S224(1)refuses to accept the appointment., the appointment can not be regarded as complete and effective, because it can be so regarded only when the appointment is accepted by the auditor.

Should the Pvt ltd co hold an EGM

Or

Do they follow the below Procedure:
In this situation also, it may be regarded that no auditor had been appointed by the company at its annual general meeting and thereupon the Central Government would be
eligible to appoint the auditor to fill the vacancy. For this purpose, an application has to be made by the company to the Regional Director (to whom the powers have been delegated under sub-sections (3), (4) and (8)(a) of sections 224), within 7 days of the conclusion of the meeting, for appointment of an auditor and fixing his remuneration.

There is no prescribed form of application but the application must disclose with sufficient details, the circumstances attending the failure of the company in the annual general meeting to appoint auditors

The company shall, within seven days of the failure to appoint auditors, give
notice of that fact to the Government under section 224(3)
Board of Directors cannot be authorized by the shareholders to appoint new auditors, in case the auditors appointed in the annual general meeting refuse to accept the
appointment.

Dear Experts

As per ICAI Notification, No.1.CA(37)/70:
A chartered accountant shall be deemed to be guilty of professional misconduct if he accepts appointment as Cost Auditor of a Company u/s 233B of the Companies Act, 1956, while he:
• is an auditor of the company appointed u/s 224 of the Companies Act; or
• is an officer or employee of the Company; or
• is a partner, or is in the employment of an officer or employee of the company; or
• is a partner or is in employment of the company’s auditor appointed u/s 224 of the Companies Act, 1956; or
• is indebted to the company fro an amount exceeding Rs. 1,000, or has given any guarantee or provided any security in connection with the indebtedness of any third person to the company for an amount exceeding Rs. 1,000.

My Query is when CA can act as Cost Auditor