I was an auditor for the ABC -a pvt. ltd. company for the FY ended on 31-03-2012, accordingly carried out an audit and tax audit for the said year.
Recently, I have received a notice from the lawyer stating that the said company has committed any irregularities during that year and therefore the said Lawyer has asked me to give him certified copy of the Annual accounts and details - outstanding wise details - of the Items appeared under "Unsecured Loans" in the balance sheet.The Notice further states the Accounts being public documnets, if I do not hand over it will be presummed that I am also a party to the said irregularities and therefore the said lawyer will also proceeds against me. The copy of the said notice is also sent to the Registrar of the Companies.

Help Required:
Under the circumstances, I would like to know that Can an auditor give copy of the accounts to the lawyer ? Also, the ICAI's guidline about disclosure of the information to the third party, if any, may also be relevant for me. How to give reply to the said notice.

Kindly help me by giving your valued opinion and suggestion on the matter please.

Jatin

kindly help me in solving my doubt.


my question is-


A) a goods transport agency issue consignment note in which he does not charge service tax amount on freight but he has service tax registration no. then whether the consignee will pay amount of service tax on freight bill?


B) if a consignor pay freight on consignment note in which service tax is not charged seperately where cosignment note is having service tax registration no written on it, do the consignor have to pay service tax on freight amount?


C) if gta issue to pay consignment note in which service tax is not charged despite gta is registered in service tax, then consignee will pay freight amount and also will consignee have to pay service tax on freight bill? kindly reply me soon. i am getting this difficulty while doing audit of a trading concern of a proprioter. kindly explain in detail with appropriate example.


regards-


Hardik Dave.

can someone recommend me the refrence book of audit ipcc other then surbhi bansal.

respected sir,
please some one clarify the concept "working capital gap" and how to caliculate it and significance of working capital gap in sanction of bank loans.
thanking you.

can someone recommend me the best reference book for ipcc audit other then surbhi bansal.plz rply

What is Sec 44AE...?


Regards
Afroz

good afternoon sir/ madam ,

here i am requesting you to explin me the depriciation provisions on fixed assets for companies. my doubt is what depriciation to be shown in books i.e dep under companies act or dep under it act and waht will be the asset value to be shown after depriciation .please explain me with examples

regards

sudershan

Ram is a chartered accountant working as proprietor.His gross receipts are Rs 50 Lakhs
for the year.Which type of audit will necessarily be applicable for him?
(a) Statutory audit
(b) Tax audit
(c) Internal audit
(d) None of the above

Hi friends,

Please let me know the applicability of revised audit report format., whether the new the format is applicable to associations, societies, clubs.. or only for companies..


Thanks

Can anyone Give me format of Auditors Reports with new amendment of Sa 700, SA 705 & SA 706