Dear All.

We are an EOU and under the purview of Cost Accounting Records Rules 2011. However chapter code of our company was brought under the purview of Cost Audit through CAR order 24th January 2012.

CARR 2011 specifically mentioned that Company should obtain compliance certificate either by employee cost accountant or from Practicing Cost accountant.

To get this compliance certificate from Cost Accountant do we need to appoint cost auditor though Board resolution and do we need to comply with the ROC formality of form filing 23C?

I have tried to search this but could not find the relevant information. Please help me to resolve my query.

Regards,

Dear Experts,
Please explain me the meaning of indenting with respect to materials or purchases?
Thanks & Regards,
Rajesh.

If one person carries on two business, one is professional and second is trading business.
In professional the gross receipts is 1400000 and in trading business turnover is 5500000.
So my query is whether it is auditable under the section 44 AB or not?

If one person carries on two business.
Turnover of one business is 50 Lacs and same of the second business.
So that my query is whether we have to check a person is or the separate business is auditable under section 44 AB in the A.Y.2011-12.

Can an audit firm raise a bill for Statutory audit of a company & take the audit fee in advance i.e before completion of Financial Year?

A company intends to revalue a leasehold land and Building situated in an Industrial Area. Can it be done? If yes
1. What are the steps to be followed?

2.What are the precautions to be taken as an auditor?

3. After revaluation whether depreciation is to be charged on revalued building?

Hi friends
I am a chartered accountant.
I am in the stages of technical round of interview for internal audit profile.
Expecting a lot of grilling in the same.
please let me know what could be the possible questions that can be expected...?????
I am a fresher.
Thanks

can a car's emi be treated as an expense of a limited company..??

A unregistered banker`s co-operative society also having a current account in its name. Now the society is having a fund of above 10 lacs and is engaged in raising monthly donations from the members and also provides loan to its members but with Interest. My question is that what are the difficulties that the society can face as unregistered and the tax implications. If the society wants to overcome the difficulties is there any other way apart from registering the society. Please Help.

Dear All

Please suggest regarding professional fees that can be charged to the CA firm for handling part time assignments of that firm of Internal Audits.
If a person who is seeking part time assignment is a semi qualified, completed CA PE-II & have 5 years experience in Internal Audits including articleship