dear friends,
pls sent me how to do purchase & sales audit in good manner. pls sent me the steps also

Dear sir, please consider the following example:
XYZ Pvt. Ltd company, engaging in medical treatment services, there are two directors, and also share holders, who are also professionally qualified Doctor's.
They employed some more doctors and who are also required bring a deposit of say Rs. 1,00,000/- each. which refundable at the time of leaving their employment.
The company didnot keep that deposit money in a separate bank A/c, but it was utilised by the company business operations.
While during statutory Audit, Auditor finds this issue which is in violation of section 417. However, the management contends this, since it is closely held company, it need not mentioned in Audit Report.
Query:
1. What is the Auditor duties in this non-compliance of Section 417?
2. whether Auditor can make a qualified report or to accept a management contention?

I have started a Pvt Ltd Company in APril 2010.I have not yet appointed my auditor. I want to know Can I appoint my auditor later and what is the procedure for appointing an auditor?

Thanks

Sir,
I have given three times pcc exam. But all the time my marks in auditng and insurance become very law. while question paper of auditing i done very well. I done know that where are i am wrong. please tell me how could i increase marks in auditing. Please help me.

dear all
In my client for salary calculation Loss of pay calculated like this
1.LOP=(Basic salary/31)*No.Leave

In my opinion 2. Lop=(basic salary/26*No.Leave)
Which one is Right
Is it any problem if the company following the first Which one is as per law

I want to know that in case of pvt.ltd co. audit reort should be adressed to bod or share holder? pls help.

Sirs,
i am auditing a company and the main business of the company is software development. Company also charges VAT on sales of the software whether there will be inventory or not?

hi I m Mohit student of IPCC i ask to u how to prepare for audit Exam for gets good marks pls give me paper pattern detail(which is most ask question in exam) and pls give idea for better marks in sevice tax, vat & some basic tips for solution question i have no idea for some basic chapter:
1 Partnership
2 Ammalgmation
3 Hirepurchase
4 Investment
5 Dissolution,Saleto co.
6 flow chart
7 Case study of SM
4 Marginal Costing,capital budgeting
Pls reply to all query as early as possible i m thankful to u

What are the area to be considered in internal audit of order to cash?

Hi,


Please provide the list of items that includes in Turnover U/S 44 AB?