Audit QnA [Resolved] - Page No 115

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Anonymous

This Query has 3 replies

25 February 2015 at 11:06

Qualification and disqualification of auditor

1) sec 143(1) a person who is in full time employment elsewhere is
disqualified.
What if he is in part time employment some where??
2) sec 143(1) a person whose relative is director or key managerial
person in the Company (Example X.LTD) is disqualified..
What if the relative is KMP or CEO in the subsidary of X LTD??
Please clarify..
thank u..

Sravanidhar

This Query has 1 replies

24 February 2015 at 14:16

Accounting treatment for selfconsumption.

sir, can anyone tell me the accounting treatment for self consumption of power by a hydro power plant.

Ranjith

This Query has 4 replies

20 February 2015 at 11:25

Caro

suppose if CARO applicable for holding co. then is it applicable for susidary Also??

G.GANESH

This Query has 3 replies

20 February 2015 at 09:42

Noc necessary or not?

NOC form previous auditor is necessary ? while auditor appointed in AGM

DHARMENDRA SHARMA

This Query has 1 replies

19 February 2015 at 10:34

Audit of general insurance company

Dear experts,
I am conducting statutory audit of DO of a General Insurance Company.Since I am doing it first time,I need ur help/advise in this regard.
1) Could u please provide me an Audit Program/Checklist??
2) Please give me information about those areas which requires special attention .
3) In MACT cases how the provisions are made??
4) Any other thing which as per ur experience seems to worth mentioning here.
Thanks in advance.

Binu

This Query has 3 replies

18 February 2015 at 13:57

Treatment of pre incorporation exp

I am associate with new company. It sale tax and ROC registration are undergoing.Company already inclurred Rs 12 lakhs for formation and other expenses.There is no bank account during the period. all the expenses are made in cash .Kindly advise how to incorporate above said expense in new company.
Thanks

Anonymous

This Query has 4 replies

18 February 2015 at 11:46

Treatment of income tax refund recieved

Hi,
My client has received a refund of approx. 20 lacs, during the year. There was no receivable standing in the books. Whether the amount received is capital receipt or revenue receipt?
What should be the accounting entry to record this transaction?

Thanks

Purushothama C

This Query has 6 replies

18 February 2015 at 11:23

Verification of sundry debtors

can any one please tell me the procedures for verification of sundry debtors and sundry creditors

CA aashish bohra

This Query has 1 replies

14 February 2015 at 11:14

Tax audit limit

what is limit for tax audit in an assessment year

A NARENDRANATH REDDY

This Query has 1 replies

12 February 2015 at 22:58

Caro 2003

Whether CARO 2003 is applicable for May 2015 ca final examinations some of them told not applicable, some of them told applicable, is ICAI RELEASED ANY.NOTIFICATION