G.GANESH
This Query has 3 replies

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

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

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

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

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

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

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


amay
This Query has 1 replies

This Query has 1 replies

12 February 2015 at 18:55

Low marks in audit

Secure 353 marks nd once again less than 40 marks in audit ...
What to do now
Is audit is really hard
Suggest any. Reference



Anonymous
This Query has 1 replies

This Query has 1 replies

11 February 2015 at 17:34

Material misstatement

If an auditor fails to disclose or discloses erroneous information in the published financial statements, would it constitute professional misconduct of the auditor implying material misstatements in the financial statements? Also if an auditor fails to provide certain information in one year but discloses in subsequent year or vice versa,would it constitute professional misconduct of the auditor implying material misstatements in the financial statements?
Thanks in advance.


Renu Srikanth Tantry
This Query has 1 replies

This Query has 1 replies

11 February 2015 at 09:44

Acceptance of assignment

Hi
I am starting my practice and want to know 1.)whether I can take up work of a institution conducting various classes( guitar, karate, abacus etc) if my daughter is attending abacus class in that same institute. It is a small institute run under partnership by 2 ladies.
They want me to help them in preparing P&L, B/S and file its return.
2.) they started their institute 2 years ago but have not filed any IT return so far. As return can be filed within 1 yr from the end of Relevant assessment yr. can they efile 2 yrs return together this yr?.

Please guide me in this regard
Thanks in advance





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