hi all i have been giving group 1 papers from may 2008 and everytime i fail to clear my audit paper can please anyone can give me sugeestions about how to prepare for it so that i can clear my paper i have got exemption in accounts in my first attempt and this is my last attempt to claim my exemption so please help me out!!!!!!!!!!!!!

how mat tax credit should be reflected in the acounts. moreover when we caclulate the deffered tax asset or liabililty should we take into consideration the mat credit we are entiteled to.

HELLO SIR,
Myself Ravi Rajkumar Bhutoria,persuing pce course. I have attempted twice in this level. I think that i have good grip in audit, after exam i always think that i will score at least 60 in audit, but both the time it turned out to just 42. sir, i wan to know, how to refer this subject now.....
Looking forward to your reply

Thanking You,

Ravi

Dear sir

Could you please tell under which law we do audit of proprietory concern and make audit report??

Thanks

dear sir ,
i would like you to give me a tip as to how to work harder to clear the Audit paper , as to which are the grey areas where i must concentrate more , that will help me to clear the exam

can anybody tell me the difference between speculator , arbitrageur , hedging.

Hello Members,

A new company - ABC hospitality services pvt ltd was incorporated dt 1.11.2008 to carry on the business of hospitality ie providing services such as masssage , relaxing etc, . The company has incurred some expenses towards travelling (expenses prior to the date of incorporation( ie before 01.11.2008 )and others. How the same is treated under
(a) companies act
(b) under IT act

Thanks in advance
Regards
Tejashwini

Dear Sir/Madam,


I have read the AAS 12 carefully and many thanks for your help!
You have done a really excellent and considerately great job.

I found from some internet source that, "In India, public sector companies
and banks have joint audits. The concept of a joint audit - where more
than one firm audits the financials - is not popular globally and of the
G20 countries is only practiced by France."

However,
(1)how can we define a company falls into the category of "public sector companies"? Is there any official list of "public sector companies"?

(2)And I was puzzled some of the companies employing joint auditors are not
banks and they are private in ownership.

Since joint auditors are generally more costly..It's really strange.

Why these private in nature(ownership)listed companies choose to employ joint auditors (rather than one audit firm), since they are not required must to do so by law?


So deeply thanks and looking forward to your quick reply.


Yours sincerely,
Daisy

my co. is mnufcharing at pharma. which condition my co. is applicable is cost audit.

what is piont of cost audit at pharma co.

If face value of equity share is reduced to Rs 2 from Rs 10. then what is the face value of authorised share capital to be shown.
Suppose if Authorised capital was 50000 shares of Rs 10 each.
After reduction of face value of share whether authorised capital is Rs 500000 (Rs 10 each)or RS 100000/- (Rs 2 each).