i like to know is it necessary to have cost audit every year..
is there any exemption for non conducting of cost audit.
which are the section i should refer for a detailed knowledge
DEAR CO-LEAGUE
PLEASE TELL ME WHAT IS SOX 2002 ACT . IS IT SIMILAR TO AUDIT PRACTICE IN INDIA AS PER OUR AAS.IF YES WOULD OUR GOVT PLANNING FOR SAME ACT FOR MANDATORY APPLICATION OF AUDIT TO EVERY COMPANY
what are the criteria for a steel manufacturing company to come under cost audit. what are the matters to be taken care of if a co. comes under such requirments.
ABC ltd a manufacturing company dealing in sale of Vehicle spare parts. it is providing its machinery for basic operations to a contractor. who is using both labour and his saleable goods.He is even charging sales tax.
If it is a immovable property on which both labour work and sale of material is carried on then i need to deduct tax.
But in this case it is a movable item.Can ABC ltd needs to deduct tax ?
is there any prescribed format of audit report for a company on which caro is not applicable?
what major points do i see when auditing the books of a co-operative society?
I want to know about If any transaction may be recorded in the books beyond the bill date then what'll be effected in diffrent type of areas(like taxation,accounting standards)?like that i have purchased any type of fixed assets on 2.2.2007.but i have entered in the books in 31.12.2007.so does it applies any AS,AAS.& also effects in taxation.
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distinguish between Internal control & Internal Audit