According to section 141(3)(g) Companies Act 2013 read with Companies (Audit and Auditors) Rules, 2014 a person who is in full time employment elsewhere or a person or a partner of a firm holding appointment as its auditor, if such persons or partner is at the date of such appointment or reappointment holding appointment as auditor of more than twenty companies shall not be eligible for appointment as an auditor of a company.

In the provision neither private company nor small companies are excluded from the limit of 20. Therefore a chartered Accountant or a firm of chartered Accountant only accept audit of those companies which can pay high audit fees. In that case small companies & private companies may not be able to appoint a Auditor. In such event whether small companies & private companies will be allowed to file Balance sheet & Statement of profit & loss without Audit Report.

AT WHAT AMOUNT PTRC NEED TO BE DEDUCTED GROSS OR NET AMT PAID

eg:-SUPPOSE SALARY 15000/-P.M PAYABLE RS BUT EMPLOYEE ONLY 10DAYS PRESENT SO NET SALARY PAYABLE 5000{15000/30*10)

IS PT NEED TO BE DEDUCTED

ALSO WHEN SALARY PAID RS 5000 & RS 10000 AT WHAT RATE PT NEED TO BE DEDUCTED

URGENT

hello.. i have been asked by my senior to check tds. as i am a new joinee please tell me what all should i check other than these things:- tds rates ie properly deducted or not.. tds challans.. quarterly returns .. and what else?? please tell me.. the client assigned to me is a mba and fashion designing college so wat else i can chek.

help me to know the meaning of persuasive evidence i am in i p c c

Are we supposed to write Auditing Standards in examination in official formal language? Or Should I focus more on concepts and answer in my own language and understanding?.. Podcasts made avialable by ICAI by CA Siddharth Agarwal says that one should focus more on concepts and write in our own launguage but I am not sure if that will earn me marks.. kindly suggest!

Dear sir,

we pay every month towards rent exp.

I made a cheque & voucher in the name of landlord on dated 6/05/2014...

I sent the voucher for auditing on dated 01/05/2014.....

but the auditor said.....voucher should have on dated 01/05/2014 and cheque should be on dated 06/05/2014 because they are auditing on dated 01/05/2014

so what would be the solution?

Dear Sir,
I have a Doubt

dear experts,
how to check various reconciliations given by a company like details of refundable terminal excise duty,earning in forex, provision for credit & debit notes etc

Dear Sir,
If There Is no Authorization of Mgmt. In Cash vouchers Then What We Have To do???

important aspects to be considered during cash vouching