The Company’s management is responsible for establishing and maintaining internal financial controls based on _____ [for example, “the internal control over financial reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India”.]

In our opinion, the Company has, in all material respects, an adequate internal financial controls system over financial reporting and such internal financial controls over financial reporting were operating effectively as at March 31, 2016, based on ______ [for example, “the internal control over financial reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India”].


I want to know based on what we can complete the above comment.

Auditors Lien

Hi Sir, This is Nanthakumar from Tamilnadu. Sir I'm in one problem now, need your advice. I started my company at March, 1St billing was made in June only. The problem is TIN number printed in all my invoice is incorrect I noticed after printing nearly 120 invoices. Now what should I do the TIN printed was my another company's TIN as I maintain both account in same system and software. This problem occurred. I have filed 4monthly returns. Please help me out of this situation. Kindly give me a good suggestion. I'm ready to pay fine for the mistake I have done. Awaiting for your valuable reply. With Thanks,

an individual salaried person claim deduction u/s 57 & he netting interest income from unsecured loan with Interest expenditure. is it allowable u/s 57. He took loan @11% & gave loan @12%. both from the individuals in the same year. is it legal. please clarify these two points. his total income comprised of salary & other source.

Is a auditor disqualified to be appointed in a subsidiary if his relative is CEO in the holding company?

Respected experts ,kindly suggest me 5-10 sa which would be beneficial for IPCC papers,as I was suffering from dengu from last 1 month,and I have not touched the sa portions. Regards in advance.

what is the effective date to be considered for computing transition phase for the purpose of rotation of auditor. please clarify withone example

with due respect sir, i want 2 say that earlier u have provided us the important question of IT which has really helped a lot...so i request u sir please show us the milestone for success by providing us the important questions of audit..

Dear all, On what basis did they numbered standards on auditing? Any logic behind that? Is there any easy way to remember the entire thing?

Can anyone please advise whether there is a statutory requirement to get the signature on the revenue stamps affixed on cash payments made to staff against salaries etc.If yes, what is the monetary limit for the payment which reqiures affixing of revenue stamp.

Thanks,

P.C. Joshi