Dear Experts,

I am conducting the Internal Audit of Partnership firms & Ltd. company.
I want to know that:
1. What is the specific diff. between Internal & Statutory Audit?
2. What is the right way to conduct Internal Audit & what areas are to be audited?
3. What is our responsibility towards the clients i.e whether we have to comment on the B/S, P& L A/c etc, due dates of Statutory payments etc.?

Despite our regular efforts, the clients does not seem to be satisfied at the end by the work.How to conduct an efficient & result oriented Internal Audit?

Please reply early as its very urgent.
Thanks in Advance.

hello sir

my client has turnover of Rs. 5915000/- (excluding VAT) & having vat of Rs.203844/-.

Is it liable for audit ?


thank you

DEAR SIR,

MY CLIENT TURN OVER ANNAUAL 40 TO 50 LACS HIS PROFIT RATION WITH 3% WITH TRADING
NOTE MORE THAN 3% BUT LESS IF CUSTOMER PAYMENT GIVEN BEFORE DUE DATE WE DEDUCT 1% OR 2% AVARGE OUR PROFIT RATION IS 1.5% SO OVER LIABILLTY FOR AUDIT UNDER SEC.44AD


THANKS`S & OBLIGE

Sir, is assurance services provided by ca firms are meant to be audit by firms? What kind of services a firm can provide in this regard?

If Sales of Rs. 100 is not considered while doing tax audit of F.Y.2009-10. But later at the time of vat audit,there was a vat liablity of Rs. 12.5 on the above sales of Rs. 100.This liability was paid in F.Y.2010-11. No provision of such vat was done in F.Y.2009-10. So in F.Y.2010-11 whether such expenses is an allowable expenses. If no then what is the effect of such payment.

Who should maintain accounts U/s.44AA

A firm is appointed as auditors of a private Super specialty Hospital, can the auditors have access to the patients case sheets for verification.

Sir,
If the director of the Pvt. Ltd. co. does not want to continue with the old CA for audit purpose, then what are the formalties to be undertaken by new CA from the directors of the co.
Further if the old CA does not give the NOC & directors had not incorporated new CA in the last AGM, what the directors can do to appoint a new CA at this stage?
My email id is ca_divaker@yahoo.com
Thanks in advance.

SRE 2400, 2410
SAE 3400
SRS 4400, 4410

What is the full form of these terms.
SRE, SAE, SRS

Caan u share resources r methods of having stocks under control from being looted r staffs taking advantage for stocks being in various branches.