Sir
Please tell us how correct difference party ledger and our ledger but difference find out after balance sheet submit for assessment in income tax for the ending year 2010-2011 the tell us legal proses.

Thanks

Ashwini
Form Rishikesh

An "A" is a firm earning through let out of property
# Turnover crossing the Rs. 60 L .P.A.
? Audit U/s 44A reqd ?
or Not reqd
A' is not into a construction business and showing the income from house property.

Can a CA in practice enter into a partnership with member of other professional body like ICSI,ICWAI,Bar Council of India...
Clarify me both in the light of First Schedule PArt1,Clause4 and Section 2 (Latest amended)of CA ACT

Dear Experts,

Kindly provide me solutions to the below mentioned queries,

1. what is the audit objective (purpose) of auditing chart of accounts?

2. How do we audit Chart of accounts?

3. what are the key areas of concern?

Sir i want to know whether personal expenses of director or owner of company consider as expenses of company....
Eg:- mr A owner of Company Xltd purchase washing machine ,Tv etc..for own residence..whether that expenes considered as exp of comapny.....

In a stock audit:
1. Who asks the CA to perform stock audit? Is it the bank(providing the loan) or the client(borrower)?

2. CA submits his report to the bank or to his client-the borrower?

3. CA with his staff goes alone for stock audit or an employee from the bank(providing the loan) accompanies CA for the audit?

thanks

If tax audit is not applicable to the partnership firm, then stat. audit is applicable or not?
I mean do they require to prepare balance sheet and p&l a/c and get it audited by CA ?
Please reply with provision of partnership act.

Dear expert,

While going through the ICAI material, liabilities of auditor are distinguished as civil liabilities and criminal liabilities..

Kindly explain the difference..

Is the difference merely limited to intention...

Thank You

Concurrent audit is done is banks, then what is the need for a statutory audit of the bank?
can concurrent & statutory bank audit be performed by the same CA?
two separate reports are to be issued?

Please provide me internal audit checklist for diamond company for import and exports