Hi I failed in audit in recent CA Final exams.. I don't understand how to score good marks in audit... I just scored 34...not understanding how to deal with dis subject...

Hello everyone..
Whether Sec 269SS or 269T is applicable in following transaction?
Mr. C gives an unsecured loan of Rs. 3,00,000/- in FY 2014-15 to M/s AB a partnership firm. Now from FY 2015-16 Mr. C admitted as 3rd partner in M/s AB firm.
So what is treatment in Tax Audit Report Clause 31(a) or (b) for FY 2015-16 or AY 2016-17.

I want to know whether there is any difference between the Internal financial controls(IFC) and Internal control over Financial reporting(ICOFR) in simple language and the applicability of both.

Can anyone please guide/tell me what all should be seen in internal audit in hospital pharmacy???

if share capital is more than 1 Cr . whether Caro is applicable for private limited company

Hii!!! Can someone please give me a clarity on internal audit of hotel industry ?? like the aging schedule and the rack rates to compare(Difficulty in getting info of other similar hotels)

I have two questions:

1. Can an LLP having CAs as partners, but not holding COP, be appointed as Internal Auditor under Section 138 of the companies Act? the Act does not require the CA to be in practice for being an internal auditor as per my understanding..

2. Can an LLP with a CA and Lawyer as partners, be appointed as Internal Auditor, provided the CA partner signs the internal audit report?

I am a newly qualified Chartered Accountant & want to pursue a career in Internal Audit.
I want to know the top Pure Internal Audit Firms in Mumbai.
Please suggest.

How to prepare standards on auditing for nov16 exam

Now i am doing an audit.
In that they have 2 term loans, For a TL they are paying only interest every month and the bank is deducting TDS for it, but for other TL they are paying EMI consisting both principal and interest as well. In the second case bank is not deducting TDS. Please help me is there any provision regarding this..?