hoW MaNy Types of audit is required for the manufactring companies?e.g.ISO audit

What is the exchange rate to be adopted for while accounting the purchase of imported rawmaterial and the date of exchange rate to be adopted....please reply immediately

Company is paying commission to non resident. In order to avoid TDS on that they are making direct payment to that person. ie Expense A/C Dr
To Bank A/C
Is it right to have this practice, company is voilating which section and what is consequences of this voilation???????????

can some one help me how to go through to the subject auditing .Its very difficult

Hi all,

I wanted to ask about interest calculation for MSMED parties.

I am working on client and they have received MSMED confirmation from its creditors. Now the client is arguing that they wont be providing for interest for the earlier period when they didnt knw that the creditor was registered under MSMED. They are ready to provide for interest on late payment after the date on which they have received confirmation.

I am a bit confused from when interest should be provided for?

Thanks!

Hi
Respected Members

Can any one Solve my following problem?

1. 1st year inventory turnover ratio is 12%
2. 2nd year inventory turnover ratio is 13%
3. 3rd year inventory turnover ratio is 11%

Can any one solve my problem like what above ratio want to say year wise?

OR

Whether inventory ratio should be high or low year wise for good business carried on?

Hi

I have small doubt in applicability of CARO. Company has obtained a cash credit of Rs.45L during the year.

In verifying CARO applicability, whether the cash credit can be treated as loan for checking the loan outstanding exceeds 25L in the FY clause?

Kindly help me in this regard with relevant supportings.

Thanks in advance

While Verifying TDS Deduction, we need to check whether EC & SHEC Has been deducted or not bu as per new ammendment issued on 28/8/2009 EC & SHEC Shall not be deducted in FY 2009-10 But what if deducted prev to this Date & What if not deducted previous to this date

I need to know as per CARO what is required to be mentioned in following clause

Whether the Company has defaulted in repayment of dues to a FI or Bank or Debentureholder.If yes the period and amount of default to be reported.

whether only default(failure to meet financial obligation) needs to be mentioned or even delay(payment after the due date) is also required to be mentioned.

The partnership firm was converted from fim to Pvt ltd co. in the middle of the finacial year. Do we require to make seperate balancesheets for the firm and the co?? or is there any law where we can pass a resolution and we make only co,s balancesheet?