hiii...happy new year to everyone...:):)
i m a student of ca ipcc..nd eligible 4 may 2012 attempt..
plz tell me that how should i start studying audit.??should i start with SAs first or chapters???and which all chapters must be studied first and which all chapters at the last??plz help me out..
also suggest that is there any requirement of extra book apart from module...???

dear sir

i am doing audit of one mlm company. they are selling goods to area stockiest on dp price and further area stockiest sale to distributor also on dp price. so when we sales to area stockiest then we generate vat invoice and when area stockiest sale to distributor then automatic bill generated showing us as seller and distributor as buyer.


please tell me is there any legal issue in showing seller as our name on online invoice when area stockiest sale to distributor?? as there is no change in selling price and area stockiest working only for commission

Hello Friendz
1.Can one CA be partner in 2 CA firms at same time
Further if yes, how it will effect his status on bank audit assignment

2. Besides partner in partnership firm can he use his own name stamp for certifying any document(i.e.if he doesnt want to use firm's stamp on that document)

Thx

Dear Sir's,

Please let me know TDS to be deducted
before service tax or after service tax amount???

Plz educate me.

Thnx in advance........

I am conducting an audit of a company and I have some doubt about the capitalisation of fixed assets.

The company purchased sand, cement and other building material for factory building and it has been capitalised.

It is not clear whether it is used for repair or addition in the factory. But we found an invoice of a contractor for a huge amt used for addition in storage area, that amount is capitalised and we found other invoices of building material of small amount.

So pls suggest whether the small amount of building material should be capitalised or charged to P&L account.

Some one can guide: Applicability of Internal Audit for which class of companies is a mandatory requirement??

case:-
Mr.A has estimate the stock valuation.That amt is recorded in tally by entering in value.He maintained proper records of quntity in no. .This is in prictice last 5 years.
But now Mr.A wants to exact valuation of inventory in no. as well as stock.For this finacial year they start to record purchase update by entering in updated software with qty detail & value?

my query:-
how to bring opening stock valuation with qty & value?
how practically it implemented?
pl guidence in detail?

hey frnz, please suggest me a book for AUDIT CA FINAL for self study as my attempt on nov 2013.

total turn over 4017500 net profit 341111 incl display income 206000 is reqd. to get accounts audited ? u/s. 44ad ??

my point is that net profit of Rs. 341111/- include display income rs. 206000/- assessee is retail trader looking to this profit down below 8% is audit required by law or not

i am doing a stock audit of a builder who has got land under sra scheme ?
what all documents are required to be maintained by the builder at the site ?
what is to be verified by me at my weekly visit to site ?

pls suggest if any suggestion

thank you