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

does company requires separate audit under IT act and companies act?
can single audit is sufficient? if yes will it be counted in IT act audit or statutory audit?

I am in trouble.
While vouching I found one bill of travel company dated 29th march 2011.
But actual expenses incurred between 14th April and 17th April.
Whether expenses should be booked as prior period as the bill date is of previous year?

SIZE OF THE CA BOARD?