hello, i m rohit.. A ipcc student...
I want to know about..
1. Walk through procedures
2. Letter of weakness

Please reply soon... Its urgent

Hello Friends,

WE as a firm has conducted internal audit of one our our private limited client.

Now since we are the tax auditor, we cannot be the internal auditors of the same organisation.

we have one of our sister concern which is a private limited company and does accounting and consulting work.

Now whether it is possible to issue the internal audit report from this sister concern which is a private limited company.

Reference to the above question in the form section / rule / act etc would be highly appreciated to sustantiate the answer.

Thanks in advance and kindly reply early as we are very short of time to issue the report.

Dear all,

Our company's balance sheet has been signed. After studying it I found, some of expenses which belong to FY 2009-10 has been not booked. although Tds was deducted and deposited in the March-10 and invoices date is also march-2010. will this thing bring some penalty or its correct according to law. Please guide me.

hy sir, my name is jainendra,

my question is what is meaning of high sea sales? what is the process of high sea sales?

CAN THE AUDITOR HAVE LEIN ON BOOKS OF CLIENTS?

Yes, he can but it is conditional...................

ITS THE ANSWER IN MANY BOOKS EXCEPT PADHUKAS :


ANSWER IN PADHUKAS :

There is a judgement namely:-

R.D.Saxena Vs Balaram Prasad Sharma [2000]

The auditor cannot apply lein on clients books and he can proceed through any other legal action
for getting his fees.......!


PLEASE CLEAR MY DIALEMA
THANKS IN ADVANCE.................

When is internal audit required & when is it necessary?Can a previous internal auditor be appointed as a statutory auditor

A company has 4 directors and 2 of them claim that they do not have the Balance Sheet for 2 years. They approach the auditor for the Balance Sheet of those two years.

Does the auditor have a right to refuse to give these balance sheets?

ONE OF THE DIRECTOR RESIGN ON 15TH JUNE 2010 FROM A PVT. LTD COMPANY.PLZZZZZZZZ TELL ME WHAT WILL BE ITS EFFECT ON FINANCIAL STATEMENTS AND AUDIT REPORT OF COMPANY FOR THE YEAR ENDED 31ST MARCH 2011???????FINANCIAL STATEMENTS WILL BE PREPARED FOR WHOLE YEAR ONLY??????

sir ! I wnt to know that may I file the e-return after due date (15 oct 2010 for A.Y.2010-11)If the account of the firm has been audited with in due date.If Yes , pls clarify me that is there any penalty of sec.271 B in this case? Urgent.

Hello friend,

I have a query.X company wants to appoint auditor for 2010-11.The proposed auditor is newly qualified, so his COP and membership no. is about to come in a month.So what is the procedure to show his appointment??Note that AGM of company is already over..