I WOULD LIKE TO THAT IF A COMPANY IS PVT LTD IS IT ENOUGH IF TAX AUDIT ALONE IS CONDUCTED ON YEARLY BASIS OR BOTH TAX AUDIT
AND STATUTORY AUDIT HAS TO CONDUCTED IN A YEAR?

Dear Experts,
Case-
A(landlord) is saying to his tenant(B) that he have given him room on lease but B is saying that he have taken it on the basis of rent.
Both parties i.e A & b were not having any document in support of..
Query-
So how their settlement can b made????

While carrying out a Limited Review for the quarter ended Sept'11 of a public limited company, we have noticed the following:
On the yearly closing for March i.e. accounts prepared under Schedule VI of the Companies Act, the company account for the liabilities of gratuity and leave encashment on the basis of acturaial valuation carried out.
On the quarterly accounts, the company is providing these two liabilities, on the basis expenditure debited to the Profit & Loss Account during the previuos year. The figures is being extrapolated for the quarterly results.

Is this procedure acceptable under AS 15 while preparing the financials on the quarterly basis?

Or they need to carry out the Acturial Valuation as at 31st March for the year the quarterly financials is being drawn up and the figures will be cahrged based on the time proportion basis?

Dear Experts

Please advise me on the following

According to companies Act and Read with ICAI Provisions a person can be auditor for 30 Companies.

My Doubt is whether these 30 are 30 companies are 30 audits. Because in the current year i have the audits of around 20 companies for the years 2009-10 and 2010-11 that means total audits coming to 40. Can i sign the total 40 in my individual capacity.

Please suggest me the provisions with reference to the concerned sections and case laws if any.

how to take sales cut off as @ 31st march
for every year please help any one

While Appointing Auditor in the AGM .. The Appointment should be in the name of the Auditor or in the name of the Audit firm ..

Whether the appointment will be intimated to the auditor by the Auditor's name or Audit firm's name
Note:If the Audit Firm is a Proprietory Concern..

HI
MEMBER

I WANT TO KNOW ABOUT DEBTORS TURNOVER RATIO?

FOR GOOD POSITION OF COMPANY WHETHER IT SHOULD BE HIGH OR LOW?

WHAT ARE CONSEQUENCES OF HIGH OR LOW RATIO?

PLEASE EXPLAIN

THANKING YOU IN ADVANCE

HI
MEMBER

I WANT TO KNOW ABOUT DEBTORS TURNOVER RATIO?

FOR GOOD POSITION OF COMPANY WHETHER IT SHOULD BE HIGH OR LOW?

WHAT ARE CONSEQUENCES OF HIGH OR LOW RATIO?

PLEASE EXPLAIN

THANKING YOU IN ADVANCE

sir can it be possible to score 50+ in audit by reading SA, company audit, govt. audit,CARO,vouching & verification of assets & liabilities& specialized audit etc.?

HI

RESPECTED MEMBBER

I WANT TO KNOW MEANING OF INVENTORY TURNOVER RATIO?

WHAT IS GOOD FOR COMPANY WHETHER IT SHOULD BE HIGH OR LOW?

WHAT IS CONSEQUENCES OF HIGH AND LOW TURNOVER RATIO?

FOR GOOD COMPANY PERFORMANCE WHAT SHOULD BE THERE HIGH OR LOW?