Minakshi Jhawar
27 May 2023 at 16:09

Software Related queries

A company is manufacturing paper in one factory(use Tally) & transfer it to another factory (use Finsys for production) where they manufacture cartoon as per the specifications provided by the customer. What software should use in Factory 1 for inventory management & operational controls & production so that management can figure out correct accounting figures & avoid wastage

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Rakesh Kumar Arya

Company A and company B are under the same management. Company A owns a plot, the market value of which is about 2.50 Cr. Company A allows company B to construct a showroom on plot of A. Company B gives proposed map as per its own requirements, which is submitted to development authority by Company A. Map approval charges and development charges are paid by Company A to the Development Authority. The cost of construction of showroom is borne by B. No rent is charged by A from B for giving possession and allowing use of plot by Company B. Period of allowing use of plot is likely to be quite long. There is no written agreement between two Companies.

Any transaction between two companies under the same management should be made at arms length price, whereas in the instant case there is no consideration.

On these facts of the case, my questions are:

1. Is there violation of any Act!?
2. Should the Auditor report such transaction in his Audit report, if no reference of this transaction is made in the Notes on Accounts?
3. How and in what manner the Auditor should report in his Audit Report?

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Abhishek kar
22 April 2023 at 12:20

Auditors Re-appointment

Hello Experts!

I have a small question i.e.

Do we need to re-appoint an auditor in the same AGM where his tenure is completed? Considering he is eligible for reappointment.

For example: Mr Anmol & Co. an Audit Firm, was appointed as the auditor of ZEN Pvt Ltd in AGM on 30.09.2018 and as per the rules he will hold office till the conclusion of the sixth AGM i.e. AGM to be held in the calendar year 2023 (Period 01.04.2018 to 31.03.2023). For the sixth AGM to be held on, let's say 31.07.2023, Do we need to pass a resolution for him to be reappointed in the same AGM. To be more specific, do need to reappoint him in the same AGM where his tenure is getting completed?

Now if the answer is no, then when we should convene a Board Meeting and thereafter hold AGM for such reappointment? By when he shall be reappointed?

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Are there any ADDITIONAL ELIGIBILITY required for CA for conducting Statutory Audit?

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Sai Akhil

Hey I'm conducting research on the use of Big Data in statutory audits. I invite all auditors to fill the questionnaire below. Your participation in this study would be appreciated as it aims to understand the impact and challenges of implementing Big Data in external auditing. Your responses will be kept anonymous, and there are no right or wrong answers. Thanks for your time and it would mean a lot to me. It will take less than 10 minutes to complete.


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Rajendra Choudhary
28 February 2023 at 11:25

Regarding certificate of MSME

Dear Sir
as per the requirement, we have to obtain an MSME certificate from the creditors, so kindly explain how we know from which creditors should we get the certificate or not.

Whether getting a certificate once a year or any deadline is required.

Kindly explain the query regarding Audit purpose only.

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03 February 2023 at 12:33

Jwellery store audit checkpoints

Plz send me jwellery store audit chekpoints

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Jyoti Garg
03 December 2022 at 17:50

Currency chest audit

When i do reporting in the currency chest audit by mistake not verified is there how i solve this

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Hitendra Agrawal



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Anand Datla


Can you please share a IS Audit checklist for banks?


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