Hello sir, is it good to study audit from practice manual of icai. I heard from many that the practice manual is not arranged properly and it is difficult to study from there.
Answer nowdear sir, i am accontant i want change the job but each & evry new employer want accounts and auditing work done through accountant can you tell me some auditing stricks
Answer nowIn case if question ask to provide 8 SPECIAL POINTS in special audit of an entity , are we required to provide general points also along with spl points? As this will sum up to a total of approx. 22-24 points.
Answer nowHow to start audit of flipkart? What we need to handy with?
Answer now
HELLO EXPERTS;
ONE OF MY CLIENT HAS TAKEN LOAN FROM FINANCIAL INSITUTE OF AMOUNT MORE THAN 1 CRORE AND HAS PAID UP CAPITAL AND RESERVES OF MORE THAN 1 CRORE. HOWEVER TURNOVER IS BELOW Rs.12 LACS.
AS PER CARO 2016 THE WORD AND IS USED BETWEEN ALL THE THREE CONDITIONS
MY QUERY IS THAT ,
1) WHETHER CARO 2016 IS APPLICABLE TO MY CLIENT. ....?
2) WHETHER ALL THE CONDITIONS ARE INDEPENDENT OR CUMULATIVE. ....?
WORDING USED IN CARO 2016;
a private limited company, not being a subsidiary or
holding company of a public company, having a paidup
capital and reserves and surplus not more than
rupees one crore as on the balance sheet date AND
which does not have total borrowings exceeding
rupees one crore from any bank or financial institution
at any point of time during the financial year AND which
does not have a total revenue as disclosed in Schedule
III to the Act, (including revenue from discontinuing
operations) exceeding rupees ten crores during the
financial year as per the financial statements.
THANKS IN ADVANCE
What is the due date for filing of ITR of Companies and society for AY 2016-17, whose gross receipts are less than Rs 1 crore or Rs 25 lakhs? Is the extension till 17 oct 2016 applicable to them also or is it applicable to only those companies firms & societies which are coming u/s 44AB?
Answer nowDear Experts,
A Private Limited Company having
A. Paid up capital Rs 31.25 Lac
B. Share Premium - Rs 82.35 L
C. Profit & Loss A/c (Cr Bal)- 7.25 Lac
D. Loan- Nil
E. Turnover Rs 4.53 Crore
Please confirm whether CARO-2016 will be applicable or not
How many companies are covered under sec 138 Of companies act for internal audit?
Answer now
Articalship