if there is violation of accounting standards that need to b followed den whether auditor needs to issue qualified report or adverse report?

Hello every one,
I have a query on Impairment loss.
Q1) Whether you will write off of the full value of asset (Building) when you have impairment(i.e, Building has been demolished in my case) ?
Q2) What kind of supporting document you can find while doing audit and IT scrutiny ?

Please take it as urgent.

Thanks in Advance.

Can anybody send me Compulsory COST AUDIT notification plz???? What is the minimum Turnover required for the company to b eligible for Cost Audit??

When we already have an audit report than why we require the CARO. What is the essence of CARO. What was the point where audit report was not sufficient for companies and CARO was required?

If assessee is an individual and engaged in the business of financing purchase of goods on Hire Purchase, will Service Tax provisions apply on interest received in this?

Please reply.

R/sirs

In e filled audit report, I have wrongly shown bonus of Rs. 78700/- in column As per [Section 36(1)(ii)]Any sum paid to an employee as bonus or commission for service rendered, where such sum was otherwise payable to him as profits or dividend.

I have filled audit report on 20/09/2013.

What the consequence of above? while processing of return will this be included in income?

should i revise audit report now or nothing to do?

Please suggest

Dear Experts,

One of my Client is having a cloth manufacturing business (Kids Wear). Its Turnover during FY 2012-13 is Rs. 3 Crores. He is also running one more proprietorship business of Courier with a separate Trade Licence and its turnover during the year is Rs. 19 Lakhs. So whether both the business needs to be Tax Audited OR only the cloth business. Please clarify?

The turnover is less than 1Cr, but the clients wants to hv tax audit, now my ques is what is the procedure to follow for the tax audit of this prop firm. Is that also required to prepare the auditor's appointment letter & is it also neccessary to send intimation of that to the auditor as we used to do in case of companies.

dear all
kindly inform that can i file loss return without audit for AY 2012-13 with total turnover of Rs.49,85,250
loss is Rs.485221
depreciation is Rs.1389552

Is it compulsory for a CA to put a round seal containing his name, membership number, city on the audited financials, ie balance sheet and p&l and audit report?

Secondly, what if he has put square stamp on these financials? does the report loose its authenticity?

Many of the Practicing CAs have been found using square stamp to validate the audit report and financials of the company.

If at all there is a mandatory requirement of putting round seal as per ICAIs notification / circular / act. Please share.