If a Chartered Accountant is appointed as an Internal auditor (i.e. as an employee of X company) how will he/she can ensure that there is no loophole in
Purchases
Sales
Expenses
Assets.
What are the internal controls that has to be set up in these areas so that there is absolute control on all these issues.
Thanking you, for everyone who enlighten me on this issue.

The AAS has been change in SA but ICWAI has change not in the book. So what will write in Exame .

My question is what is the selling limit of Audit of a C.A.

1) 30 Audit
or
2) 45 Audit

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Hi,
While capitalizing a new plant installed in factory should we also capitalize engineering fees paid during construction of plant as technical know how?
A contract was given to one party for engineering services, Engineering fees are paid towards (1) inspection of material purchased from other side
(2) inspection of work done by other service provider
(3) Manpower expenses paid to engineers of this said party (as per agreement)

Under which head these expenses should be capitalized - as engineering fees with total cost of plant or as technical know how?

If a company takes a house on lease from an employee and gives it back to him for his stay and pays him rent for it.Should the tds be deducted u/s 192 or under sec 194I. Whether rent received by employee will be taxable to him under the head salaries or house property

How to check drawings power during audit of client? Pls suggest

is there any specefied limit for remuneration of auditor?

is it fixed that one can not demand such fees when some situation exist?

can anyone tell me the rate of Dep. on photocopy machine as per co's act if company following the SLM of Depreciation

Dear Professional Colleagues kindly throw some light on following practical case:

There is company "x ltd" which has its 100% holding Company in " y ltd " in switzerland.
X ltd has a unsecured loan from y ltd as on 31.3.2009. Subsequent to 31.3.2009 x ltd has written back the loan of y ltd with y ltd's prior approval and booked its income.

What are audit requirements under FEMA & RBI ? Moreover if the company has claimed for expenses incurred out of that amount as tax deductible will this liability written back income also get taxed now?

Dear all,
i ve a querry regarding appointment of Statutory auditor.
Q-1: A firm of Chartered Accountant is fuctioning as internal auditors of a Company for a six months. now we want to appoint same CA firm as statutory auditors for smae financial year after resigning as internal auditors of a Company, is it possible?
Any rule or regulation or circular plz specify with that circular,rule or regulation.

With Regards

Amarendra
Company Secretary