A chartered accountant receives a request from a company for being appointed as the statutory auditor of the company. The directors of the company are related to the CA and a promoter shareholder of the company is the spouse of the CA. But there are no other personal interest by the CA in the company.

Can this request be accepted. Will it be against the independence of the auditor as per the guidance note. Please give your comments.

My of my friends is to argue that an chatered accountant can sign tax audit file not exceeding 45 but one of the expert of caclub uploaded that it was 30 which is correct as with regard to current application.

please answer me on ravindra.perar@gmail.com

can any one help me. Internal Audit is doing with ledger print out or Through Tally Or other accounting software using. mainly which method is using in all companies.
Thanks in advance

Please tell me ceiling limit for the purpose of Tax audit conducted u/s. 44AB of income tax act?

can anybody tell wht all the questions are asked in an interview of statutory audit in big ca firms

plz reply whether stamp req on voucher
1.cash poayment rs 5000 ?
2.salary paid to 10 person @ 600 = 6000 ?
3.bank deposit rs 10000 ?
4.imprest payment to single employee rs 8000??
5. reimbursement of exp rs 10000 ??

dear sir,
how will make a audit report for the following point
1. in the case of the Profit & Loss Account, of the Loss for the year ended on that date.
i.e.my question is a company has only purchase stock in trade for trading activity but it has not started trading activity till the balance sheet date so company has not made any profit or loss as company has not started trading activity. so how i will present the above line will it will be written as no profit no loss or nil profit or it will just written as in the case of profit & loss account for the year ended on 31/03.
please advice me.

dear sir

my company has not started its commercial trading activity till the end of 31 march only it has purchased stock in trade for trading (i.e.no sales has been made till date after it's incorporation) whether it for accounting it will be deemed that company has not started its operation wheather we have to prepared profit & loss account if no how we will show purchase & closing stock in books of accounts if yes than wheather we have to expensed all the pre-operative expenses in the current year profit & loss account.

Hi
Respected Member,

Please help me in following :-

1. Debtors turnover ratio
2. Creditors turnover retio

3 Fixed assets turnover ratio
4. total assets turnover ratio

I want to know what will be the effect if there is higher ratio and in case of lower ratio respectively of above from the point of view of bank for project finance.

Thanks in advance

How to do audit Provident fund trust