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?

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