A particular proprietorship firm has received a letter from a public sector branch for appointment as SBA and requiring the firm to reply as to whether it would be compliant with RBI rules. however the appointment is pending RBI approval. can the firm start the audit right away or can it do so only after approval by RBI.

What all documents are required (to be documented)in case of granting a loan...viz all types..term loan, CC, vehicle, housing..(like title deed, EC etc...pls give the list)

Anyone can explain about broken period encumbrance?

When does it become necessary to appoint an Auditor under the Companies Act 1956?

When does it become necessary to appoint an Auditor under the Companies Act 1956.

1.Debtors backed by Bank guarantee or letter of credit can be considered as secured debtors? if not pls mention the reason.

2.whether old schedule VI requires bifurcation of debtors into secured and unsecured?

Any 1 can just help me out in figuring whether Auditor can send Direct communications (Balance Confirmation Letter) to Third parties i.e. Debtors or Creditors of Auditee for confirming their balance as per books of Auditee...!!

If yes then is there any specified format for such letters then please give me a proforma of such letter..!!

if any individual comes under audit liability but audit not done in previous years than can we do the audit in this financial year

I want to pursue a career in System Audit...what are the necessary qualifications i need part from CA (m currently preparing for CA Final for May2012) do i need to do software testing courses or computer language courses???

Hi Friends

I am giving my group 4 CMA final (formerly known as ICWA) exams in the coming June 2012 term. As we know the cost audit has undergone number of changes and our institute's study notes appers to be outdated. Hence can somebody suggest me the best text book or a material for cost audit covering Cost Audit report rules, Cost Accounting records rules etc?