Wheteher any CA firm send a letter for appointment in banks audits with resume of their firm to various banks without their offer for resume.This case is covered under professional misconduct or not.

hello to all experts , pls tell me . in case of private company , the expenditure incurred on medical policy and other pesonal (eg happy family floagter) , accidental policy of director's n their families is allowed to be debited in profit n loss a\c ?

DEAR EXPERTS
IT IS A UINQUE QUERY - PLEASE HELP & SOLVE ASAP.....


I WANT TO KNOW....WHETHER PRIVATE COS CAN OUTSOURCE THEIR INTERNAL AUDIT FUNCTION TO ANY OUTSIDE PERSON WHICH IS NOT A CA FIRM (AS THERE IS NO SUCH REQUIRING PROVISION TO APPOINT ONLY A CA FIRM)


CASE: -


A PRIVATE COMPANY DOES NOT EMPLOY ACCOUNTING STAFF DUE TO LACK OF SPACE & OFFICE IT OUTSOURCES ITS ACCOUNTS FUNCTION TO SOME OUTSIDE ACCOUNTANT WHO IS NOT A CA BUT RUNS HIS OWN ACCOUNT WRITING FIRM FOR VARIOUS PEOPLE....


1) CAN THIS ACCOUNTANT / ACCOUNT WRITING FIRM ALSO UNDERTAKE INTERNAL AUDIT OF SUCH PRIVATE CO.


2) IF NOT CAN THIS ACCOUNT WRITING FIRM UNDERTAKE INTERNAL AUDIT OF SOME OTHER PVT CO. FOR WHICH IT IS NOT WRITING ACCOUNTS


IS IT TRUE THAT FOR BEING AN INTERNAL AUDITOR OF A PRIVATE LTD CO. IT IS NOT NECESSARY FOR ONE TO BE A QUALIFIED CA....AND ONLY KNOWELDGE & EXPERIENCE OF AUDIT & ACCOUNTING FUNCTIONS & BUSINESS OF CLIENT IS MORETHAN ENOUGH IF BOARD DEEMS FIT?


THIS QUEST IS SPECIFICALLY FOR PRIVATE COS...& NOT PUBLIC COS (WHERE CA FIRM IS APPOINTED AS INTERNAL AUDITOR)....


THANKS & REGARDS REPLY AWAITED..

Dear

I want know the provision for applicability of gratuity in a pvt ltd co.

If an assessee is not paying service tax liability of March ending of previous year up to the date of filing of Income tax return i.e. 30-09-2xxx. then there is any effect on taxable value or tax amount of that assessee?
or
there is any effect in audit report or any discloser in audit report????

how to reconcile tds in audit and heck actually if paid or not? plese let me know?

Sir, I want to ask you that whether pen drive, mouse & mouse paid purchases with computer can be considered as a fixed assets or not.

I WOULD LIKE TO KNOW WHETHER RENT WAIVED IS TO TREATED AS EXPENSE OR INCOME IS TO BE REDUCED.
kINDLY EXPLAIN IN DETAIL.

i am doing an audit of a Company which is subsidiary of Company in USA.The holding company in USA requires the report of auditors for the period (Jan-dec) for the purpose of consolidation.The subsidiary company has financial year of april-march

Therefore i want to know which SA/SRS/SRE is applicable to subsidiary in india for reporting and auditing purposes.

Dear experts,
My client had filed statutory audit return for the AY 11-12 through a from Kerala, and now there we have detected some advances, and other payments left out for the relevant asst year 11-12.this was detected while filing the return for AY 12-13. Now do is it safe to file a revised audit return ? at this stage, and please suggest me as to what has to be done in this case as our clients wants us to incorporate the correct details as left out in the last return. Do we file a revised return and file Form 3cb now.? or what has to done kindly advise on the same.