In a Cellphone manufacturing company (China Mobiles)based in India, Mobile Chargers are prepared by Labourers in India. Do we need to deduct any professional tax for them or any TDS? In the Financial year 2009-10 total expenses on Labourers is Rs. 56 Lacs. Please suggest?

Generally a Private Limited company gets its registration certificate and commencement of business certificate at the time of its incorporation.
Suppose if a pvt. ltd company formed on Jan. 2010 and still it is not started its business, then statutory audit fee for the financial year 2009-2010 can becomes part of the pre-operative expenses or not?

If no then what will be right accounting treatment for the same as per GAAP?

Please tell important SA for pcc Examination.

i am doing internal audit of a client. it is observed that booking of expeses is not done and expenses are booked only at the time of payment.
E.g. telephone exp. ---dr 12000
to bank---12000
instead of passing foll. entry
tele exp------12000
to exp payable----12000

exp payable----12000
to bank----12000


what for miscellaneous expenses like local conveyance exp of rs.10, tel exp rs.5 etc.


plz. clarify

SIR,
WHAT IS THE MINIMUM AUDIT EXPERIENCE REQUIRED FOR THE AUDITOR TO BE A PEER REVIEWER OR TO BE ONE OF THE MEMBERS OF PEER REVIEW BOARD??
IS IT 10 YEARS OR 15 YEARS OF AUDIT EXPEREINCE??

Earlier i have taken COP as Part time. Now it is converted in to Full time as i am on employment with organisation on consultation basis.

How can i take benefit of Full time COP?
I want to register my proprietorship firm what is the procedure?
In future can i convert proprietorship firm into partnership?

please help me

Dear all,

we are the auditor of pvt. ltd co. from the last 2 years they have not audited their accounts,we have approch them but books are not ready, they have also not file Annual return..

Now wt as a auditor we have to do??? any liability arise on our part ?? Thanks..

what is goods in bonds?
how can these goods be verified by auditors

Dear experts,

is it necessary to do CISA in order to get sox audit assignments?

Regards,

Sukanya

accor to sec 226 of the companies act if and auditor holds shares in the company in which he is proposed to be appointed after one year of the companies amendment act 2000 he is disqualified for appointing as an auditor and also he is disqualified to be appointed if he holds the shares of voting rights

Now my question is whether the auditor is not disqualified if he holds shares in the company before the companies amendment act and also if he holds shares of non voting rights he is not disqualified?
suggest me