CA is appointed as auditor in a company in which his partner or wife is having substantial interest.
Can he express his opinion on such financial statement by disclosing his interest in his report? or he is totally not allowed to express his opinion?

IN THE REAL AUDITS DOES THE AUDITOR SENDS CONFIRMATION LETTERS TO DEBTORS

IF SO, IF THE DEBTOR DOESNT RESPONDS WHAT HE SHOULD DO?

PLEASE EXPLAIN IT

THANKS EVERYONE

Hi I am doing the audit of a construction company. They are buying river sand from different people ( It is coming under 'unregistered purchase' ). Almost all of them were cash payments and some exceeded 20,000 also. The yearly payments to all of them run to Lakhs of rupees.

The suppliers wont supply us any bill (Local people) and not having PAN.

Should we deduct TDS for payments to such people or such purchases attracts any other tax ? If any other treatments is there kindly let me know.

Kindly reply

Dear Experts,
Petty Cash balance verification this query is unaswered for a long time...
Very urgent....ur guidance is highly appreciated....
Tomorrow i have to verify the petty cash balance, please specify me...how i have to verify the cash balance....
Thanks & Regards,
Rajesh.

Dear Sir, please clarify the following situation relating to applicability of Tax Audit:
1.Turnover for P.Y. 2012-13 is 75 Lakh, and net profit for the year amounts to Rs. 2.25 lakh, all the books as per sec 44AA are maintained will there be requirement to get the Accounts audited?

2. what will be the situation if the same person get his accounts audited for P.Y. 2011-12 due to his turnover of 65 lakh. will he be required to get his accounts audited for P.Y. 2012-13 if his turnover is 75 Lakh?

Dear Sir,

as per new amendment,
Only a CA with 3 years of audit experiance of society audit can audit a Society.

Is this amendment also aplicable for Audit of Housing Society.

I have just started my CA practice,
so this means I will not be eligible for Housing Society Audit.

Sir Please Guide me, as I have been aproched by a housing society for audit.

Is it necessary to conduct a board meeting to conduct an AGM? if so when it should be conducted ? and when the AGM is to be conducted after the completion of Board Meeting? Please provide the ans with an example

Dear Sir,
I took transfer from my previous principal (with in 1 year)and joined with the new principal after 34 days from the date of transfer/termination. My query is that what is the due date for submission of FORM 103 (after transfer)to the Institute?If any notification/link available please attach the link.
Date of termination : 25/02/2013
Date of joining : 01/04/2013(with new principal)
Is there any arises in the future for extension of my Final attempt?
Please advice me sir.
thanking you,
K.V.RAO

Dear all


Please provide me a checklist for audit under

when a sole proprietorship business has their turnover above Rs.1 cr.during f.y.12-13.And it has started his business in the same f.y.(i.e.2012-13).Then please let me know that the proprietorship business is applicable for audit..