what is risk consulting?

thanks in advance

whether it is compulsory for the trust to make audit. if not then what are the limit for audit compulsory .pls give me answer

My client has given a interest free loan from its proprietor-ship & from its partner-ship firm to a Pvt Ltd Co. which is also owned by her.
There is a closing balance of Rs. 6 lacs and Rs. 16 lacs in proprietor-ship & partner-ship firm respectively.
My query:
1) Whether notional interest needs to be charged for the proprietor-ship & partner-ship firms under IT Act?
2) Whether a pvt ltd co. is allowed to take interest free loans under companies act 2012?

I have been doing tax audit of a public limited company for past 3 years from AY 2010-11 to AY 2012-13.
For current year of AY 2013-14 I have been co-ordinating with the Head of Finance dept.for past 3 months. He didn't give me appointment letter neither he told me that he is cancelling our tax audit this year.
I have made certain preparations for the audit of the same for this year.
Now suddenly the management is saying that we shall cancel your audit relating to Fees issues.As they are getting other auditors in less charges.
Please tell me that whether I should allow them to cancel the audit. Is there any rules for under-cutting as per C.A. institute.
If i do not permit new auditor to conduct the audit under such circumstances (Under - cutting of Fees & Late information)than please tell me that whether i i am doing something wrong.
Further please tell me what are my rights in such a case. What should i do in such a case.
Please quote the rules of C.A. Institute in this regards.
Please reply
Thanks in advance

There is a Proprietory firm with turnover of around 45 Crores.
Vat audit and Tax audit both are applicable.
Every month there are on an average 300 transactions with around 35 different parties.
It is not practical to check each and every invoice for the purpose of statutory audit.
So what basis can I select and how many invoices should I check to complete the Sales vouching in a limited time?
Can anyone please suggest an apt Sampling method?

namaskar sir,

in disclousure of personal assets do we have to disclose the cost of the asset or its market value..for ex. my house was made in the year 1976 may be at the cost of 100000 but now its market value is more than 1 crores,, now which figure to disclose


thanks in advance

dear sir,
if any comapny paid on our behalf any sum to gta and after that we paid that amount to that company. so please tell me wheather tds or reverse service charge applicable on us.

Contract with a value exceeding Rs.5 lacs. In CARO report, we are mentioning that the contract made at prices which are reasonable having regard to the prevailing market prices at the relevant time.

What is that prevailing market prices at the relevant time means?

Sir ,

1) Can filed Income tax Return u/s 44AB after due date 30/09/2013 ?

2) It is mandatory to Make " ADD CA " Option within 30/09/2013 ?

Please help me .

In concurrent bank audit how can i detect revenue leakage?