when a professional is required to get its account audited?

1. The borrower group is habitually diverting the funds arranged under one entity to the proprietor or to the other related entities disregarding the conditions of the sanction.
2. The repayments under one credit facility have been made by using the borrowed funds under the other facility/entity.



Q. On the basis of diversion of fund Account is NPA ?

pls reply (brijkishor@vkgc.com)

Thanks
Brij

hi
I am CA having membership of ICAI ,
Presently i am working under Audit firm where i am getting consideration for my work is in the form of professional fees not salary,

So my question is that whether in such case COP is necessary to hold for providing professional service , or i can provide professional service without holding COP.

the professional Service is mainly related to handling Internal Audit Assignment of Various companies.

my partnership firm has a profit of 7 lakhs and b/f dep loss of 5 lakhs.... in this case should i allow remuneration first and set off the loss or set off the loss first and then provide remuneration?

as per comapnies act 2013 it is applicable for ca final nov 2014 but related to company audit in new module of audit thy have stil included companies act 1956 provisions and in foot note thy have described abt comapnies act 2013 so for audit exam which provisions should be written companies act 1956 or 2013

plz suggest me best book of final audit, which help me with self reading without any coaching... and also Are coaching is necessary for obtaining good marks in exam? if yes, which teacher?

assessee has turnover Rs. 60,00,000/- but he file return with GTI Rs. 1,80,000/- only now assessee is require to get audit to accounts. if he file ITR-4.

i have calculated by mistake wrong depreciation in accounts & accounts of audit is done.so no change is possible. so what amount should be shown in return filling.

Sir,

I want to know whether Transfer pricing applicable only to Expenses or not.
I sold goods to related party at a price below market price. I want to know whether transfer pricing applicable in my case.
From Guidelines i concludes,it applicable to sale also.

Dear Experts,

What is the formula of net worth?