A private company has no business activity during the entire year ending 31-03-2008 and it proposes to file a petition for winding up u/s 560 of the Companies act, 1956. As such, it has no profit & loss account for the year. In balance sheet, liability side is represented by paid up share capital and in the asset side, there is an equal amount of profit & loss account balance (Loss). there are no other liabilities or assets.
As an auditor of the company, how to draft the audit report? Whether reporting is still to be done covering all aspects referred in section 227(2) and 227(3). Is there any guidance available in the literatures published by ICAI. If so, please furnis the same.

WE are 100 Cr manufacturing company . we are proposing to appoint internal auditors.so we require top 10 internal audit firm in zone of Mumbai with their fee structure and Work area.

if anybody having this details plz forward this on following e-id:
sanjaybkadam@gmail.com / sbkkadam1980@yahoo.co.in

WAT does MOCARO states REGARDING THE ACCOUNTING RECORDS UNDER COMPANIES ACT ??

Hello Experts,

After being in the Industry for 4 years, I have taken a decision about 6 months back to move to Practice and Consulting. I would like you all to advise me on the books which are good for reference as far as Company's Law and Taxation is concerned.

Look forward to your replies.

Regards,
CA Nanda Kishore

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AASs...
Are they meant for Auditors
or for Auditing.

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