why SA 501 talks only about 3 components viz., inventory, litigation & Claims and segment information??? I mean why not other significant components, as auditor is responsible to obtain audit evidence in every component that he conducts audit...

Please justify your answer by citing any authoritative pronouncement

ARE WE REALLY INDEPENDENT in conducting audit u/s 44AB of IT ACT?

because appointing authority and person paying our fee is one and same AND can we give bad report and ask for fees? and is he going to remain with us?

In future,with the introduction of jan lokpal
and using aadhaar for financial transactions,are we not going to face problems with IT authorities.

is it not time to consider by our ICAI to change rules in appointment to conduct audit u/s 44AB?

If third party appoints to conduct audit u/s 44AB,we will have more independence and
we can discharge our duty correctly.And i feel giving qualified report and asking same person of our fees is something difficult and we have to think and change rules of appoinmement of auditor in the interest of our profession.
your comments and suggestions.

Dear Experts,
Anyone here in the expert plz clarify me.
1) For calculating Provident fund what are the salary components to be considered?
2) Whats the maximum ceiling limit for calculating PF for an employee?
3) Whether we have to file PF return monthly or quarterly or annually?
4) Whats the last date for making PF payment?
Please clarify me as soon as possible it is very urgent for me sirs.
Thanks & Regards,
Rajesh

Sir/Madam,

While auditing the purchase of client we have seen that some paper is marked with "Challan" and some paper is marked with " Invoice/Tax Challan".

I want to know the difference between these two since both the challan and invoice contains the same information like consignor and consignee name, goods type, volume, value, duty , vehicle detail, Tin and ECC No. etc and same signatory.

Further I want to know Why the Challan is used?

plz suggest me that from which areas we can calculate revenue leakage during bank (concurrent)audit..

which documents are required for:-

* Housing loan
* Vehicle Loan
* education Loan
* Personal Loan

Plz suggest me that how to check documents in bank
Audit.

Dear Sir,
I received Intimation U/S 143(1). How will reply them ?
How will i communicate with them?

Thanks in Advance .............

Is there any special requirements for conducting a ESI audit. Please can any one guide me on procedure to be followed for conducting ESI audit.

In what form no. Esi audit report is submitted?

I CAME TO KNOW THAT AFTER SEEKING PERMISSION FROM EMPLOYER. CA. IN FULL TIMES SERVICE CAN APPLY FOR PART TIME COP. I DO NOT THINK THERE IS ANY RESTRICTION

FORMAT OF INTIMATION TO THE PREVIOUS AUDITOR AFTER RESIGNATION OF THE PREVIOUS AUDITOR RECEIVING APPOINTMENT FROM THE CLIENT