Hi
respected sir/mam

i want to know what is interest coverage ratio and for project finance whether is it should be high or low.

if suppose it is high then what will be the effect?

if suppose it is low then what will be the effect and meaning

please help

thanks in advance

Hi,

Can any body tell me all the rules and regulation of school audit and can any one give me a sample format of any school audit as soon as possible. Its a kind request please help me.

Thank you,

Dear all,

i have a clarification.

Here there is a Canteen in a factory run by contractor, there are 4 employees of this contractors.

This factory is however covered with ESI & PF clauses, but this contractor has not get himself regsitered under ESI PF.

when told that now the Company has to deduct ESI PF for this contractor on bill, the company said that bill is raised for only food bill charges.

however the company has suggested the contractor to get himself regsitered for PF ESI.

Is this approach right by the company?
since there is no detail on basic or gross earning what amount should then company deduct ESi PF.?
Further what are the consequences to be faced by the company as the Contractot has not registered neither company.
is there any penalty,fine,imprisonment for Company.?
Also is there any time limit within which registration should happen by Contractor?

kindly clarify Pls.

Ragards
Feroz

Can Public Trust is required to get permission of Charity Comissioner to Write off Debtors or Wtire backs Creditors, if yes then under which section in Bombay Trust Act,1950?

I have done numerous statutory audits but this is my first internal audit. So I dont know the extra steps which should be taken on every particular area.
However, I am doing internal audit of a leasing company for the period 1/4/10 to 30/9/10. So i need to know what extra steps do i take to verify the rental income for the same.
Also, this company has changed its accounting package on 1st July 2010. So, half the entries are in one package & half the entries in other package. So, i have to perform an internal control system audit as well. So, how do I proceed for this?? can i have the checklist for this as well??

As we know when auditor is appointed u/sec 224(1) in AGM then within 7 days Co. has to inform the auditor.But if Co.delayed in informing the auditor then what will be the consequence..??..
thanx in advance...

Respected Sir B.Chackrapani Warrier and other experts, in our case as advised by you, same procedure was followed, but in our case outgoing/refusing CA was telling on telephone to our present CA your appointment is void, as section 224(3) was not followed, because in this case appointment should be done by Central Govt. When outgoing CA was asked about any objection, he did not reply withing stipulated time. Our firm was audited and all other formalties was complete. Now I want to know even if the New CA should be appointed by the Cent Govt, but new CA was appointed as following the procedure shown by you also. What are the consequences on Company Audited and on new Auditor. Please reply after going through the section 224(3).

Dear all,

My client is Govt co. We have done the Tax audit of the said co. After that CA&G had done statutory audit. Now there is some difference in P&L accounts between Tax audit & Statutory Audit. What will be the treatment of said difference in next Tax audit or Statutory audit ?? Should we have to revised our tax audit report ???

MY CLIENT IS A BLDG. DEVELOPER ,

1)DURING THE YEAR WORK COMPLETED IS MORE THAN 40 Lac, But no sale agreeement is made with any body as no flat is sold. Whether he is liable for Tax Audit.

2) Can he follow Completed Method for Taxation Purpose.

a doctor have a salary income of 6 lakhs and professional income of 7 lakhs ,whether he has to do tax audit.