In a Aviation Company, Crockery used in the Flights were not being recognized in their balance sheet as any of their assets, even no valuation as on date for crockery was available.

It should be recognized or not?

do we need to have atleast seven partners in a partnership firm to do a statutory audit of a listed company ??

..................................................................................................................................................................................

Can anybody detail me what is shares held in abeyance in realtion to section 206 A of companies Act? I have gone through the Act but didn't find explanative?

hi all experts....
while giving both groups of ipcc if ipcc grp 1 is not cleared and grp 2 is cleared....then also grp 2 will be treated as pass or not?????

dear sir,
pls tell me what document should be verified while doing import purchase transaction same in export.which point should be keep in mind while verifying document.

Hello everyone....I want to know that in the following cases how can I explain the things & How it can b done in practical life:-
1. Analysis of financial statements including notes to accounts.
2. Examination and analysis of financial assertions, records and statements.
3. Analyzing financial statements and identifying the potential strengths and weaknesses.
4. Ensuring compliance with relevant statutes, accounting principles, standards of auditing, legal pronouncements.
Regards,
CA Neha Sharma

Is there any additional Requirement for CA's for carrying out audit of a listed company

WHAT D AUDIT LIMIT FOR 194H COMMISION.....HOW MUCH EXPENSES HE CAN CLAIM AGAINST HIS COMMISION..WHTS D MAX LIMIT...? PLZ REPLY SOON...TNX IN ADVANCE

One of the Company is writting off its assets fully. i.e If an asset is of Rs. 100/- and applicable dep. rate on slm basis is 5%, then in 20 years it will writte of the entire assets. At the end of 20 years, asset will be off zero value, but it would be existing physically.

My query is, whether treatment done by company is correct.?

Is it MANDATORY for a company written off an asset to only 95% of its value, or company at its discreation can writte off fully.

Pls advice by quoting rlevant law /as reference.