Can you please explain the relationship between Materiality and Risk?

Dear all
plz help me....

Iam doing B.Com with CA. I got a project ( Stock Audit of a company)
Nature of Activity: whole sale distribution of stationary items such as printing paper and paper boards.

Prchasing papers from almost 15 manufactures and distributing to whole salers. I have discussed 15 minutes with their management representative and He said that the customers of the company need papers of different manufactures )

I have observed that Storage area have sufficient space but the stocks are not keeping well. the godown is not neat, stocks of seperate companies not sepreatly arranged.

It was very difficult to find out the company wise stock and it was not countable.

I want to fill the questions detailed..

1. Observation on the quality of stock (To include method of storage, safety and security protection from rain, sun, moisture, dust, pilferage, etc.)
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2.Observation on market, demand / supply position, future prospects

Dear Expert

What is the last date of Maharashtra vat audit filing of form 704 for FY 2012-13

Dear Sir,
I am fabrication works Contractor. I am doing / Making Fabrication Steel sheads and structure, pipe line work etc at Sites. we taking contract without material basis. I would like to take service tax registration.

So pl suggest me we will take ST registration in which service.

thanks

Dear all

Please tell me how can I ,prima facie, figure out by watching expenditure that tds liability must be there. For instance any labour charges or repair and maintenance, though the limit is there 30000/75000 as the case may be, how can I assume it will be cover under contract or not just by seeing expenditure in debit side.

Thanks

If an Indian co. is paying fees for technical services u/s 9(1)vii) to a Non Resident co. in USA, then at what rate should TDS be deducted u/s 195?

Please reply.

What are the minimum fees prescribed by the ICAI for the following entities for the mentioned work:

Tax audit: Proprietorship Firm, HUF, Pvr. Ltd. Company.

Statutory Audit: Pvt. Ltd. Company

Other relevant compliances for Pvt Ltd. Company

pvt ltd has passed any resolution if pass for sign the document by director on vat regisrtation paper Than it should be submit resolution to the ROC if yes than on which date it should be submited thanx in advance

Dear Sir,

We may incur some significant expenses on account of new factory opening in the form of inauguration function involving event management company expenses, exp on food and refreshments for visitors etc...may also include travel. Can we capitalise this along with the building cost. Is this to be treated separately and expensed or we can increase the building cost with this and claim depreciation
Thanks for your help

Sir, I just wanted to know the exact meaning of auditors independence, just explain the simple logic of auditor independence, badly need the answer, ASAP