Dear Member

please explain whether any other CA in Practice can sign balance sheet of public / private company in which other firm are appointed as Statutory Audit.

Can such member sign as under:-

ABC & CO.

Chartered Accountant



(MR. A)

(A.C.A)

(Authorise Signatory)

Speculation and intra day loss on shares, futures and options Rs. 15,00,000/-
Speculation and Intra Day Gain on shares, Futures and options Rs. 10,00,000/-
Total Turnover Rs. 25,00,000/-
Net Loss Rs. 5,00,000/-
Whether audit is required u/s 44AD as profit is below 8% of the turnover?

what would be the legal proceedings against a public limited company which is failed to conduct any type of audit for more than 10 years?

We are a newly registered Political Party with registered office in Allahabad. We need to send our annual accounts to the Election Commission of India, audited by an Auditor on the Panel of CAG. Now this is new for us thus we don't know the procedure to do so. Kindly guide us.

Stating F. Y. 2016-17 a partnership firm can not claim remuneration and interest paid to partners if filing return u/s 44AD. So if a partnership firm has total sale of 20 lacs and after claiming remuneration and interest paid to partner net profit is 20000/- then do i need compulsory audit as according to new conditions my net profit is less than 8%

What is the difference between Safe custody and Bank locker???

Whether board resolution is required before making new Fd by the co? Whether for short term or long term?

Whether an auditor has to check with compliance part of CO or it is a CS responsibility?

Sir I want to know. What is the code in finacle which generates approx all reports in finacle of union bank of India. which shows in concurrent audit report.

Sir,,,, Don't the bank need to collect processing fee from all type of loans and advances while renewal????