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

I WANT TO SUBMITT ROC RETURN
I DONT KNOW PROCEDURE OF SAME
WHAT I DO
PLEASE SIGGEST ME

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