I am doing first time audit of a Tample trust. how should I value land and bulding trust.


1. Land is bought 70-80 years ago and now trust has no documents of purchase. I have got a B-1 Khasra copy of government record which shows only ownership of land. but no documents avalable related to cast of purchase. whether I can value it at current value for the purpose of stamp duty valuation authority.

2. building also built 25 years ago now trust has no records related to cost. how can I estimate it.

3 Can you provide me mandir trust audit format.

sir,

i need to a short notes in the case of vat audit.

X &Co., a chartered accountants firm has been appointed as a statutory auidtor for ABC & Co. Ltd for the financial year 2010-11 at the auidt fee of Rs.30000/-.

Previuos auditor Y & Co.,has been getting audit fee of Rs.50000/-.

Can X & Co. accept the assignment for the FY 2010-11?

sir can u explain me with a simple example abt performance materiality in audit materiality standard.

INVESTMENTS PURCHASED BY COMPANY BUT DELIVERY NOT TAKEN.

WILL IT AMOUNT TO FRAUD?

Can the company in its AGM/ Directors(as the case of first appointment of Auditor) appoint an Auditor who is relative of one of the Director(say Brother)?

Similarly can a firm under tax audit appoint an Auditor who is relative(say Brother) of one of the parter of the Firm?

Is the term " Relative" is defined under The Companies Act?

Whether an Auditor who is relative(say brother) of a Director of the Company can be appointed as an Auditor of the Company?

Similarly, whether Auditor who is a relative(say brother) of one of the partner of a Firm, can be appointed as Auditor of the firm(Under Tax Audit case)?

Brijesh.

in case of resolution for appointment of auditor, the amount of feees which needs to be quoted should be only astatutory audit fees or it can includes statutory audit fees,tax audit fees and income tax return filing fees.Kindly confirm.

WHAT IS A PERSUASIVE EVIDENCE?
AND WHAT IS CONCLUSIVE EVIDENCE?

THE STATUTORY AUDIT OF A PVT.LTD COMPANY HAS NOT BEEN COMPLETED BY ANY OTHER REASON AND THE DRECTORS OF THE COMPANY ARE DESIROUS FOR TAX AUDIT REPORT UNDER THIS CIRCUMTANCESS WHICH FORM IS APPLICABLE FOR REPORTING OF AUDIT U/S 44 AB OF I.T ACT , FORM 3CA OR FORM 3CB.