Dear sir

is there any format for end use audit report?
if yes please provide me

DEAR ALL

WHAT IS THE MEANING OF WHOLESALERS AND RETAILERS AND HOW WE IDENTIFY THIS BUSINESS IS RETAIL AND THIS BUSINESS IS WHOLE SALE PLEASE TELL

THANKS IN ADVANCE

DEAR SIR/ MADAM

AN ASSESSEE WAS DOING DURING THE YEAR 2008-09 36,00,000 AND HE WAS OFFERED NET PROFIT 61,000 N.P. RATIO IS 1.69 HE IS COVERED UNDER SECTION 44AB OR NOT

TAX AUDIT MEANS ONLY TURNOVER ABOVE 40LAKHS OR TURNOVER ABOVE 40LAKHS BUT N.P. RATIO IS BELOW 5% WHAT IS CORRECT. PLEASE TELL

THANKS IN ADVANCE

Dear Sir/Madam,


I have read the AAS 12 carefully and many thanks for your help!
You have done a really excellent and considerately great job.

I found from some internet source that, "In India, public sector companies
and banks have joint audits. The concept of a joint audit - where more
than one firm audits the financials - is not popular globally and of the
G20 countries is only practiced by France."

However,
(1)how can we define a company falls into the category of "public sector companies"? Is there any official list of "public sector companies"?

(2)And I was puzzled some of the companies employing joint auditors are not
banks and they are private in ownership.

Since joint auditors are generally more costly..It's really strange.

Why these private in nature(ownership)listed companies choose to employ joint auditors (rather than one audit firm), since they are not required must to do so by law?


So deeply thanks and looking forward to your quick reply.


Yours sincerely,
Daisy

can an Auditor take advance payment of his statutory audit fees?

If yes wouldn't he activates provisions of section 226(3)?...

Can any body tell me what are the implications and recommendations on the following matters.

1. On official duty slip in the Row of Purpose it is only written official, but that is not sufficient, Official duty slip is maintained by Gate keeper of company when any person goes out of the company premises for any official work.

2. In Salary Register the details are not filled up properly for e.g No of Days worked and Leave availed

3. Difference in Salary Register.

4. Company has maintained multiple attendance records and all records do not reconcile with each other.

5.Tax computations of employees were not available and on Tax has been deducted.

6. The difference in no. of employees between PF Return and Salary Register.

7. No Policy for Staff Imprest and Staff Advance has been framed by the company.

My friend tells me that PAN no should be compulsorily qouted if we remit above Rs. 49,999/- in cash to our SB Accounts . Is it so?

If yes, Can u tell me the source of such rule( i mean whether it is compulsory as per ITR Rule or RBI Guidelines or Circulars)

The main business of the company is making members by accepting subsciption under any sheme of Rs. 5000,or 10000 or 150000 against which one suitlength (One Pent Pc.) say of Rs. 250 is given by the Co.and instruct them to prepare down chain link of three member under them. Co. gives commission to initial member and further commission when down chain link is completed by initial members.
My Questions are :
1.Whether the nature of activity being carried out is legal or contravenes any statutory laws in India. As according to me this is neither trading nor any service providing activity.
2. If it is legal, what should be the Object in the memorandum of assocation ?
3. What should be the appropriate accounting treatment for such transactions ?
4. How the huge amount of profit earned by the Company is absorbed ?
Pl. guide us on the above mentioned matters.
Thnaking You.
Mukesh Tiwari.

If financial statements are audited and need to be revised can it be done?
If yes when?
How would the whole process take place?
What happens if shareholders have accepted the statements?
What if the financial statements are revised before the shareholders AGM?
When does this amount to reinstatement of accounts?

pls giv checklist of airline agent who books domestic and international tickets and also books tour packages