My turnover for the year is 1.5 crore. And If I show profit @8 percent. Then whether I have to go for Audit or not

Dear Sir

i have small doubt regarding change status of auditor. i.e our company has appointed Mr. A as statutory auditor for 5 years.Mr .A who is a individual auditor. after second year, he is registered as partnership firm with icai.

what is the procedure for above situation.what should we do for change the status of auditor

i.e is individual auditor resign from the company and file ADT-3? and appoint as auditor firm and file ADT-1?

auditor wants to change his status.

Dear team,

I need your opinion for following case.

If shares are hold jointly by two persons, how to present the same in note for Shareholders holding more than 5% of the shares in financial statement.

Thank in advance,
Regards,
Ashwini

can any 1 guide me to upload Audit report of Co-operative society under Maharashtra Cooperative societies act... Thank You

Studying Only from Practice Manual is enough to get exemption for Auditing paper, Please let me know with your valuable suggestions,,,,, whether I should preference for Surbhi Bangalore or practice manual,,,,, please let me know ,,,,,,,

Hello Sir

Kindly help me on reporting of observation in audit report when the auditor is not provided with the bank statement during audit (i.e. how to report the same in audit report). As per explanation given by auditee client, the bank account is not in operation for last four to five years and therefore bank is also not providing with the statement or balance certificate.

Dear sir,
I want to know what is the depreciation rate for sign board
Neon Sign board & Glow sign Board as per Income tax Act
Thanks in advance

HELLO EXPERTS;

ONE OF MY CLIENT HAS TAKEN LOAN FROM FINANCIAL INSITUTE OF AMOUNT MORE THAN 1 CRORE AND HAS PAID UP CAPITAL AND RESERVES OF MORE THAN 1 CRORE. HOWEVER TURNOVER IS BELOW Rs.12 LACS.

AS PER CARO 2016 THE WORD AND IS USED BETWEEN ALL THE THREE CONDITIONS

MY QUERY IS THAT ,
1) WHETHER CARO 2016 IS APPLICABLE TO MY CLIENT. ....?
2) WHETHER ALL THE CONDITIONS ARE INDEPENDENT OR CUMULATIVE. ....?

WORDING USED IN CARO 2016;
a private limited company, not being a subsidiary or
holding company of a public company, having a paidup
capital and reserves and surplus not more than
rupees one crore as on the balance sheet date AND
which does not have total borrowings exceeding
rupees one crore from any bank or financial institution
at any point of time during the financial year AND which
does not have a total revenue as disclosed in Schedule
III to the Act, (including revenue from discontinuing
operations) exceeding rupees ten crores during the
financial year as per the financial statements.

THANKS IN ADVANCE

How to conduct concurrent audit of bank ? What is verify in bank guarantee?

How to conduct concurrent audit of bank ? What is verify in bank guarantee?