Audit QnA [Resolved] - Page No 416

All Resolved Open

sam trikha

This Query has 2 replies

24 November 2010 at 21:27

audit of fd in bank

1.what supporting document should i ask the entity for verification of f.d??
2.what contents to be check ?
3.how much value of f.d to be taken in financial statement ?

sam trikha

This Query has 1 replies

24 November 2010 at 21:23

audit of investment in demat form

queries
1.how can i verify the investment in securities purchased by entity in demat
form ?

2.what evidence should i ask the auditee to verify investment in securities purchased by entity in demat form ?
3.what contents should i check ??

Madhukar

This Query has 2 replies

24 November 2010 at 16:56

Sale Made to Joint Venture Company, Time frame for collectio

Dear All
During the course of internal audit, i came across the following case

The company A Ltd - a manufacturing company based in Bangalore. A Ltd has a Joint venture entity in Bahrain called AB WLL, where they have an equity participation of 30%.

A Ltd has supplied goods to AB WLL. The JV company has not paid any money for the same and the outstanding is more than 4 yrs.

The statutory auditors has not commented anything, nor A Ltd has made any provision towards Bad Debts.

Request you to kindly clarify the implication from the FEMA, Direct and Indirect Tax point.

Thanks and Regards
J.Madhukar Bhat
Bangalore

Guest

This Query has 3 replies

24 November 2010 at 13:33

TDS on Freight

hi............can anyone plz tell me wat to do in cases where the bill given by supplier shows the transport charge only??? whether in that case i need to note down that TDS has not been deducted.n wats the rate ......... is it 1% ?????? plz reply

Rinky jhanwar

This Query has 5 replies

23 November 2010 at 18:08

gift received in cash

Gift received in cash in which heads it's come in balance heet???

Anonymous

This Query has 1 replies

20 November 2010 at 23:42

bank audit

what prepartions are required for bank audit? when do a newly qualified CA is given a bank audit?

Anonymous

This Query has 2 replies

20 November 2010 at 15:58

legal

sir
what are the legal consequences of docs if the someone has signed over common seal of the company.

Rinky jhanwar

This Query has 1 replies

19 November 2010 at 11:05

audit

husband and wife both are doctors. I calculate the details of personal Assets and Liablities of Husband .wife and minor child...so now

(Investment+Fixed assets+ bank balance) > (Loan+Owners capital)

so what to do???

Rinky jhanwar

This Query has 2 replies

18 November 2010 at 16:22

prior period Expenses

Prior period expenses allowed in incometax???

Anonymous

This Query has 3 replies

17 November 2010 at 17:44

Company Audit

One Pvt Ltd company approach me for company audit as auditor is required to file acceptance at the beginning of the year, now can i accept the same, as company approaches now????