main points to check in fixed assets register when fixed assets valuation is to be carried out.

The debenture shall carry and entitled to a coupen rate of 4% p.a. compounded on due dates and the Company shall pay to the investors such interests on the outstanding debentures from the time to time in arrears, on March 15 and September 15 each year.


What does this mean?

We should accrue interest only on the respective due date?

or

We can accrue interest on an intervening period, if we have to prepare financials at intervening period?

I would like to have a detailed idea of the procedures that I need to conduct during conducting an audit of a branch of SBI. I don't have any idea of bank audit. Pls. also give a link of latest LFAR format, and any ither forms required. Or pls. mail the file to me...

@

anoopkhandelwal30@gmail.com

I would be very thankful to you. Pls. Pls. Pls. give me whatever guidance possible about bank audit in this thread.

whatis service branch and what transactions a statutory auditor should verify certify ? please clrify me.we have one srevice branch audit of UBI........please

i want to know that if turnover is Nil but we have sundry creditors written back as other income more than 40 Lacs, tax audit is compulsory ?
thanks in advance....

can u please suggest me whether i should write AAS or ISA regarding auditing standards in PCC examination

Friends,

whether membership number of auditor is required on Balance Sheet & Profit loss A/c of Company.

if Yes which guidelines, acvt, law, rules say this ??

Dear Sirs,

For my engineering consulancy firm, if we exclude service tax, my turnover for FY 09-10 is below 10 lacs. Do I have to undergo audit. Note that we show service tax seperately in our invoices. The cheques received from customers is (bill+service tax)-TDS on bill+service tax.

I am getting different views on this matter. Please let me know specific provision / clause in IT rule for clarity.

Thanks and Regards,

YOGESH KELKAR

We have been appointed as Auditors in a Pvt. Ltd. Company, subsequently the Company becomes a Public Limited Company

What procedures do we require to effect our appointment in the newly changed company.

Whether payment is made to R.T.O.in cash more than 20000/- disallowed? Under which authority is covered ? Is there any specific provision under I.T.Act that payment made to R.T.O. for more tahn Rs.20000/- in cash not disallowed ?
Pls reply this is urgent sir