As an Information System Auditor, there must be some pre-determined audit plan for succesful completion of system audit, if anyone know this please point out.

Whether it is required to mention in audit report(3CD) that the certain amount of stock lost by theft. Assuming full insurance claim is receivable.

Loan given to director taxable or not, if taxable pls tell me section

Is BPO (as a Business Service Centre) providing call center services exempt from deducting TDS under section 194-I?

Please reply.

XYZ Society registered as an AOP (Trust) has received donation of Rs. 219596 for A.Y. 2011-12 and profit of Rs. 127979.

How will the Tax be calculated in such a case since utilization is lesser than 85%?

Please reply.

1.When company should accrue for recruitment charges payable to consultant (at the time of offer letter or when person joins.

2. The Company has year end of 31st March and company has taken interview for one of the department during march and offer letter was given on April and employee joins on May. So in this case whether accrual for cosultancy charges required on 31 March.

how to learn vouching and verifying in audit for ipcc??

I am working in a firm of CA's. My mother holds 25 shares of a listed Co., to whom I have been allocated to audit.

Query:
1 Wether i can audit the said co.?

2.If I can audit it, what necessary disclosures, I need to make to my firm and SEBI?


The shares are long term, with no objective of making profits from insider information.

R/sirs

In e filled audit report, I have wrongly shown bonus of Rs. 78700/- in column As per [Section 36(1)(ii)]Any sum paid to an employee as bonus or commission for service rendered, where such sum was otherwise payable to him as profits or dividend.

I have filled audit report on 20/09/2013.

What the consequence of above? while processing of return will this be included in income?

should i revise audit report now or nothing to do?

Please suggest

whar will happen if the audit conduted by ca is a not a ca and he conducted the audit notice received and case fixed at income tax is there any remedies to avoide penelty of 271