Dear Sir/Medam

I want to Know For F.Y.2007-08 that following situation liable to audit.

1) Business : Share Trading

2) F & O Turnover : Difference Between Shares & Purchase Rs. 230000 and Script Turnover Rs. 50,20,0000

3) Intraday Trading : Difference Between Sale & Purchase Rs. 125000 and Script Turnover 60 Lakhs

4) Deliveryu Based Turnover : Delivery Based Turnover we show as a investment profit caculate as a capital gain. Rs. 48660

Please give me answer that we liable to audit.

Dear Sirs,

Whether an individual FCA practising experience of 20 years needs any more conditions to be satisfied to get bank audit of public sector banks(ie for multipurpose empanelment form).

i am conducting one manufacturing company statutory audit in this audit what is the procedure and how to conduct audit more afficient manner ...can you give guid books for that

hello everybody
i am auditing an organisation which deals with foreign currency they use to import goods and after adding their cost & profit sell them, i would like to xplain it with an example:

LET on 1/5/2007 they sold goods worth $100 then the dollar rate was Rs.40(let)

as the customer pay through credit cards bank credit the amount after 3 days then rate let was Rs.39(let)

the problem is that if they book their sale on 1/5/07 their will be loss due to exchange fluctuation and if the rate i mentioned r changed i.e
1/5/07 Rs.39
3/5/07 Rs.40
their will b profit this is not giving me the correct sale figure and this is effecting the profit

hello experts
plz tell me current bonus act provisions for audit purpose of F.A.2007-08
i have heared that
1.bonus is to b given to each employee whose basic rate is upto rs.10000
2.but bonus is to b calculated on rs.3500
or less than rs3500(if basic is less)
ex.if employee basic rate is rs.8000 then he will b given complusory bonus on rs3500
n ex gratia on rs.4500(if co. wants )
if employee basic rate is rs.12000 then he will not b entitled to cumplsory bonus but only exgratia if co.wants

plz tell me am i correct
thankx

We are Private Ltd. Co. We had appointed Director by Passing resolution in AGM of the company.

But Director wonn't applied for DIN in 2007-2008 & pending till the date.

My Quary is wheather Remmuneration paid to that Director will be allowed as expenditure in 2007-2008 or Not.

For calculating delay in deposit of Provident Fund, Actual Payment Date (as shown on the Challan) or the date of credit in Books which of the aforementioned dates will be taken?

what do you mean by interest accrued but not due?

author : teena banwari
Posted On : 8/27/2008 9:02:50 PM
Is preference share holder of a company can do an audit of same company ?



Expert : Jitender
Posted On : 8/27/2008 11:00:14 PM
yes ,he can do.

Plz Provide Relevant Provision Of Companies Act or Any other Act.

GIVE A BRIEF A NOTE ON CARO
WHETHER IT IS APPLICABLE ON FIRMS
GIVE DETAILS OF VITA POWERS OF DIRECTOR