Dear Sir

An employee is having salary/wages under ESIC is Rs.9000 in the month of January 10 and hence his contribution is deducted under ESIC Act@1.75%.

Now for the month of feb 10 his wages/salary under ESIC are 16000, our query is whether for February contribution should be deducted from his salary and to what extent. Please note that again in March he gets 9000.

Summary of Salary/wages
Jan 9000
Feb 16000
March 9000

so do we have to deduct ESIC for the month of Feb.

Regards
Arpit Malpani

Dear sir/madam


recently i had join in Jewelley manufacturing company as a "Internal Auditor" in Finance

so kindly anyone can help like Audit Check LIst and Sample Audit Report (how to present Audit Report to Directors)

thnx

Dear sir,
As am going to start Subcontracting/Job work Audit i want some info and inputs from u for making my audit in very good process and findings.
As there is two control points in job work audit: Material & Pricing Control. Can u provide some inputs on these controls how to check and what are the criteria need to be check on this audit.

Please explain what is leasehold improvment? how it is to be treated in books of accounts?

Hi
Respected Member

Can any one tell me if asseesee had tax audit in last year, but in current year turnover is below 40 lakhs.

So it is require tax audit in current year

OR

It is complusory to get tax audit.

ACCORDING TO GENERAL GUIDELINES ON INTERNAL AUDITING ISSUING BY ICAI

AUDITING IS DEFINED AS "A SYSTEMATIC & INDEPENDENT EXAMINATION OF DATA,STATEMENTS,RECORDS&PERFORMANCE (FINANCIAL OR OTHERWISE) OF AN ENTERPRISE FOR A STATED PURPOSE "

WHAT IS MEANT BY FINANCIAL OR OTHERWISE

WHAT IS MEANT BY "TRUE AND FAIR VIEW"

can any body plz tel me what is preferential allotment and private placement?

if a company allots shares to its exixting share holder (not all but some selected) does it amounts to preferential allotment?

Respected Members

Can any one tell me?

1. I am doing tax audit of company and i want to know about section 274(1)(g) about directors disqualification.What is the meaning of above?

2. If suppose we not metioned above matter in report then what will effect on company and report?

If (private/ public ltd. )company does not have fixed asset but have capital work in progress / property development rights in the Asset side of Balance Sheet during the close of financial year.

So, if still the auditor states in its standard auditor’s report the below mentioned clausein the annexure to the report , is the said clause by auditor ethically correct.
(b)According to the information and explanations given to us,all the fixed assets have been physcially verified, at regular intervals by the management during the period,which in our opinon is reasonable having regard to the size of the company and the nature of its assets.No material discrepanices were noticed on such verification.