Dear Sir,

Can a Full Time Employed CA can become a Partner in CA Partnership Firm.If yes,then Explain How,and if not then WHY not?

Sir,

Iam doing an Audit work of a Company For the Financial year 2003-04 & 2004-05. Now, I Want to know the applicability of Revised Schedule VI format for those years.Is it necessary to apply revised format for preparing Audited Financial statements of previous years.

Can a member be an Tax Auditor of a company being a Sole Proprietor and also be a Internal Auditor of the same company as a Partner of the Firm doing Internal Audit.

Like: A is a sole proprietor and a partner in Firm ABC too. He is doing Tax audit of XYZ Company. The XYZ company's internal audit is done by Firm ABC.

Is that Legal as per ICAI rules?

Dear Everyone,

We have a partnership business (manufacturing) in Mumbai. We were under impression that Turnover threshold for Tax audit has been raised from 60Lacs to 1Cr. In financial year 12-13 we did sales of 62Lacs.

But our CA has informed us that we will have to do sales tax audit as its threshold is 60Lacs. Only income tax audit limit is 1Cr.

We are confused. Do we have to get sales tax audit done ?

if a firm take any auditor ship of the company then can partner wife take the retainership for book keeping or not

Hello sir,,

I am getting a job in a bank for concuraudit purpose I dont have any idea about this

Please send me the process & how it works I dont know tally is tally necessary in concur audit... Please do let me know as soon as possible

Hi.,

I would like to know .. Is it Physical Stock Verification Audit is it Part of Accounting Standard 2 in Public Limited Company, If Management is Following All the norm & Application.

Kindly verify.

regards in Advance,
Prashant

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