a general question always pops up in my mind is what if as an auditor may be for his ignorance or his client ignorance does not enter a complete bank entries out the one or more bank accounts maintained by the client who falls under tax audit and has for the f.y. 2009-2010 has already filed his tax return and audit report and later comes to know and want to rectity the error happed by ignorance my question here what is the procedure that the auditor has to follows so far accounting of the non accounted entries in the books, filing of revised return, payment of taxes and penaltys in all catagories of sales tax, service tax and income tax, and other repurcussion at later dated in assessment etc and other knowledge if any body can share from their personal experiences so far any profession can view from my question can please reply urgently. thanks and regards

is IPCC Audit and Law paper is too hard to score?

Hi...Friends,
i Have Small Doubt...
Mr.X,Practiced Chartered Accountant & relative of a Director Mr.Y
of a company Z.
Can Mr.X act as Statutory Auditor of Z company according to Companies Act 1956???

hey guys plz can some temme ver can i find revised standards on auditing applicable for may - 11 exams. I hv the list of amendments but i am unable to find the revised standards.......please someone help......... Please help him....

Can any one please tell me who should create (Not inspect)VAT Audit Report
i.e. It should be created by an accountant or an Auditor(CA)

Darshan Shah
9821707213 - darshan_shah204@yahoo.com

why internal audit is done?

what is purpose of internal audit?

till the date of signing of Tax audit report "C" Form not recived constitute contingent liability?

for the balance amount of Tax which the company should pay to the Sales tax department if the sale is made with in state.(i.e. 4% state rate and 2% Cst than is 2% is contingent Liabiity)

ABC Ltd having foreign debtors outstanding as on march 2010 is Rs.5 Crores. Management is decided that this debtors is to fully written off bcause this is doubtful debts and no recoverable in future.

As a auditor what evidence we have to keep in our audit file.

Pls............Reply.............

How the THC charges are billed by the shipping lines. do they charge as per Port tariff or as per their own slab rates.

During audit i hv observed that THC is different for different shipping lines.

How we should cross verify the THC.Either with Port tariff or with Shipping lines slabs

i have got exact 40 marks in auditing even though i was expecting in late 80's,i am satisfied with other subjects
how much is the possibilty that marks will increase?in case they cut marks will i have to accept low marks?