Audit QnA [Resolved] - Page No 431

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Riddhi Shah

This Query has 3 replies

31 August 2010 at 10:42

Audit Fees

What is minimum Statutory Audit Fees for Private Company?

S.Prathap

This Query has 1 replies

31 August 2010 at 10:09

Taxable Details

Can Please anyone tell me "if interior decorator's turnover is 3Lakhs he Didn't maintain proper Books of Account then what is the impact what to do?

Anonymous

This Query has 1 replies

30 August 2010 at 19:31

Appointment of auditor

Can a private company appoint an auditor who is a relative of the director or share holder assuming they have significant influence? Pl clarify

Anonymous

This Query has 3 replies

30 August 2010 at 13:01

Cost Audit Problems

Dear all

Will any one provide me the solved problems of the Cost Audit applicable for the CWA Final Course .My mail ID is t_shinde777@yahoo.co.in OR t.shinde777@gmail.com

Thansk
Tushar S Shinde

VINITHA RAJESH

This Query has 4 replies

30 August 2010 at 13:00

Usually during the audits of companies as per Companies Act, we come across areas where the statutory compliances (with regard to IT, VAT, Service Tax etc) are not complied with OR complied but with errors.The VAT returns if wrong cannot be revised after 6 months. Same is with the case of Service tax returns also ( 1 year) How do we report these things in the audit report to the members of the company.

For tax audits, if the statutory payments are not made, the expenses will be disallowed. Is this applicable for VAT & Service tax.

Anonymous

This Query has 1 replies

30 August 2010 at 12:34

Advances & Investment

Co has given advance to Trust owned by co itself and that trust has purchased shares of that particular co only.

Is that is acceptable transaction or it violates any law?

Ashok Shah

This Query has 2 replies

30 August 2010 at 10:58

loan to shareholder

ashok shah

dearsr

can pvtltd co give loan to shareholder or other person for short time.

Anonymous

This Query has 1 replies

29 August 2010 at 16:45

Car Loan

Hi
Respected Members

Can any one tell me?

i am doing tax audit of PVT. LTd. in such company car loan taken on director's name and used for business purpose.

But it is shown as loan taken from director but shown as loan taken from bank.

So what to do for adjustments?

is it right or wrong?