Dear expert i want know that when CA start practise at that time for opening ceremony of starting new office and same is given as advertisment in news paper for invetation to all whether it should be considered as professional misconduct? As per clause 6 part 1

How to Chack Stcok Audit ?

I am doing audit for a company and in that while doing ledger scrutiny of rent expense i found that service tax is not charged though the amt paid for a month is more then 1L.. so can i come to a conclusion that rent is paid for residental house as st exemption is there

Bank audit 2015-16

Dear Sir,

There is one Private Limited Company incorporated on 24/01/2014. So it need to appoint Fist Auditor.
Mt question is what period will be covered by First Auditor.
Is it 24/01/2014 to 31/03/2015 or 01/04/2014 to 31/03/2015.

What is the provision for the same. ?

Exception of caro applies to some companies which includes pvt and small scale. 1. Exemption of pvt is applicable if Capital below 50lac Loans below 25 lac Turnover below 5 crore For small scale (other than public co.) Cap 50lac Turnover of last year below 2 cr So a pvt co. Having capital 40l Loans 30l Turnover of last year 1 cr and current year 1.5 cr My questions 1. Small scale are other than public. So it includes private co.? 2. In above example this pvt co. Doesnt fulfils first condition but fulfils second (small scale) so caro exempted or not?

Dear Sir

Will it be advisable to get the books of accounts audited for FY 2013-14 & 2014-15 of trader having turnover more than 1cr. now ? Please note that the party has not received any notice from IT Department till date.

How and when Statutory audit is done?? What auditor supposed to do in statutory audit??

My Query - One of our Pvt ltd co is on closing proceeding. Now we have disclose the financial statements for the year 2014-15 for the ROC whose turnover is less than 15 Lakhs and its share capital is 5 lakhs. Now we should to know whether the auditor is mandate to sign the B/s and P&L? Kindly can any one guide us?

during the internal audit it is found that the client has not charged the rate of tax uniformly (whether it is VAT, service tax or excise) due to this lesser amt. of taxes has been collected by the client. The accountant replied that we can't change it since the return for the same already filled, how to consider this situation?