While doing the Internal Audit (Luxury Car) of a car service centre, how should I perform the correct audit procedure?
While doing the vouching of sales, purchase, cash , what do I need to know before proceeding with the vouching. What question do I need to ask?
What are the other things I need to know or check while performing the audit?

Internal Audit of luxury cars which are directly imported from another country.

A company did RTGS of a cheque of amount Rs. 30,00,000/- to the client, Bank Charges deducted 95 and the amount got credited is 29,99,905/- and the bank charges is not reflected in the bank statement. How this entry should be recorded in the Company and as well as in the Client's books of accounts?

Hi All
We have few contract employees to running the payroll and they are working in XYZ organisation.
Now the XYZ organisation conducting internal audit, they asking us few declaration, Could you please send us the formats, as we are new to this type of audit
1) DECLARATION ON NUMBER OF INTERSTATE MIGRANT WORKERS DEPLOYED BY THE CONTRACTORS
2) DECLARATION PERTAINING TO DEPLOYMENT OF INTERNATIONAL WORKERS.
3) Register in Form D under EQUAL REMUNERATION ACT
4) DECLARATION ON LIST OF NATIONAL AND FESTIVAL HOLIDAYS APPLICABLE TO THE EMPLOYEES DEPLOYED AT SOCGEN

If Public company which is closely held company so is Caro 2020 applicable ?

Dear All,

Can anyone tell me are voucher are required to be prepared for Journal entries For Example If Payment is made by partner for Travelling, we pass the enter as follows:

Travelling expenses Dr. XXX
To Partner's A/c Cr. XXX

so for the above is Voucher is required to be maintain as we maintain if for Cash Payments.

Kindly clarify.

Thanks in advance

Dear Experts,

As we know minimum salary in DELHI is 21,800/- for graduate employee. Can we split this salary as per below : -
1) Basic Salary : 14,000
2) HRA : 5,000
3) Other Allowance : 2,800

Kindly advise.

Rakesh Sharma

Sir/Ma'am,
If the Profit from F & O Business is less than 8% and Income other than F & O Business exceeds Basic Exemption Limit. Is Tax Audit Applicable in this case? Please Guide.

IF A CA IS APPOINTED AS AN AUDITOR OF A LISTED ENTITY FOR FY 2021-22, SO FOR SIGNING OF AUDIT REPORT FOR FY 2021-22 DO WE NEED TO GET PEER REVIEW CERTIFICATE CONSIDERING PEER REVIEW MANDATE ROLLOUT - PHASE I ACCORDING TO WHICH ANY CA FORM WHICH HAS UNDERTAKEN AUDIT OF A LISTED ENTITY, SHALL HAVE TO GET ITSELF PEER REVIEWED WHICH IS APPLICABLE FROM 1ST APRIL, 2022 AS THE SIGNING DATE WILL BE AFTER 1ST APRIL, 2022.

Pl.do provide sample/format of pvt. Ltd. Companies new balancesheet sample balancesheet or format for small pvt. Ltd. Co.

I HAVE REVISED A TAR AND GENERATED A NEW UDIN OF THE SAME. I ALSO HAD GENERATED A UDIN FOR MY ORIGINAL REPORT. NOW ON THE PORTAL FOR UPDATION OF UDIN BOTH ORIGINAL AND REVISED TAR ARE SHOWING. SO MY QUERY IS THAT WHETHER I HAVE TO UPDATE BOTH ORIGINAL AND REVISED REPORT AND IF SO THEN BY WHICH UDIN NUMBER?