hello sir,i am a CA final student and my attempt is May 13. i am interested i audit more than finance/taxation.At the same time the kind of knowledge MBA offers and the dynamic course pattern excites me.i am in two minds whether to proceed with MBA or CPA after CA.
as there is no proper guidance available for CPA is it possible to pursue CPA along with a full tym MBA course. What is the duration for CPA course? Is CPA really value additive as i get mostly negative replies from my peers when i show interest in that course.
Which US state shd be opted for? if not CPA then which would be the best course in audit stream after CA. I certainly dont mind investing two more years in studying after my CA.

A private limited company purchased Two high breed dogs for an amount of Rs.1.60 lakhs.The daily feed and veterinary expenses are debited to P&L A/c as Office Expenses.The cost of Dogs is debited to P&L A/c as " Watch and Ward". The main object of the Company is Manufacturing of Goods. Pl. advise the correct treatment of these expenses.The management says it is for the security of the Factory.

THE ASSESSEE IS HAVING GROSS COMMISSION RECEIPTS OF RS.18.00 LACS DURING THE F. Y. 2001-2012 FROM LIC, WHETHER THE ASSESSEE IS LIABLE TO GET HIS ACCOUNT AUDITED UNDER THE IT ACT.

respected sir,
as an articled assistant i'm doing internal audit in a company where Fact_ERP accounting software is being used. Sir while vouching purchase vochers, i find purchase order no., Gr no., Party bill no., product code and dates in purchase invoice and goods recipt note, QC, LTR no., transporter's doucuents etc. are attached to it.
sir i get confuse in this information that how should i vouch the purchase invoice.
dear sir please explain me step wise method to do this

There is a difference between Balance Sheet and Stock given to bank. Is it permissible ?

I belong to a firm having 5 partners. One of my CA wants to know about the celeing limit on tax audit that can be done by a CA. There are 5 partners - Mr.A, Mr.B, Mr.C, Mr.D & Mr.E. Now, overall 225 taxaudits can be done by our firm. I want to know whether Mr. A alone can sign all the 225 tax audits. Hence my question is whether the ceiling is to be seen individually or the firm as a whole?

Sir,

Our office is doing concurrent audit of a nationalized bank. I have a query on voucher checking.

Sometimes I come across check where the date is corrected (more than 3 months old) and signed by the account holder. Sometimes I see either amount in figures or words corrected by the account holder.

Is this valid? This is mostly self cheque or other than Account Payee cheques.
If it is an Account Payee cheque correction is permitted?

Company came into existence in March 2011 then can statutory audit be done for 13 months from March 11 till 31 march 2012.And tax audit 44AB provision will be applicable. If yes then how ?

Dear Experts,
A company sells its products. For that both VAT and CST is attracted. I have the following doubts. please clarify me.
1) Should we have to file return for VAT separately and CST separately. (VAT applicable is TNVAT & Kar VAT.)
2) If Yes whats are the returns that has to be filed for TNVAT and CST?
3) What is the due date for Karnataka VAT?
4) Whats the return to be filed for Kar VAT and CST Vat (company has a branch in karnataka also)
Thanks & Regards,
Rajesh.

Our Statutory Auditor marked in Audit Report that for purchase of Fixed Assets their should be minimum 3 quotation taken from different vendor

i wana to ask that under whihc law or rule this is mentioned to take minimum 3 quotation