Hello,

My friend is doing concurrent audit of a bank and a forud has been found in the said bank.
now bank had made complaint to ICAI against my friend and icai issued a letter to my friend for clarify the situation

what should he write to he institute...
is there any way...

regards

If company (Pvt. Ltd.) is using directors credit card for making business payemnts then interest paid on late payemnt of credit cards will be allowed as business expenditure or not?

Directors are using their cards for their personal use also.

Hi
Respected Members

1.Can any one tell me what is the check list of Bank Reconciliation statement?

2. Is there possible to make frauds by way of bank reconciliation statment by company or other assesee?

3. is Missing cheques no. is important consideration is it right?

Hi
Respected Members

Can any one tell me if suppose we goes for loan and some processing charges are made by bank then where will such charges should be shown in financial statments, whether in profit and loss account or balance sheet?
and in which head?

Is there any law that govern's paid leave.
Can a company have its own way of calculating paid leave/leave encashment.

and if not , then what is the procedure ..????

X & Co, Chartered Accountants, is the statutory Auditor, for both Holding Company and a subsidiary company. Since the audit of the subsidiary has not been completed, because of some problem, what are the permissible option as per AS and SEBI:
1.The unaudited figures of the subsidiary figures need to be consolidated with a qualification from the auditor, X & Co.

2. The figures of the subsidiary should not be consolidated as because this is unaudited and the auditor will give qualification giving the cause as non-consolidation.

1)Can a relative of shareholder be an auditor of a pvt ltd. or public ltd. co.??? 2)What if the auditor is the relative's wife or brother??
3)Can a promoter's relative be an auditor of a pvt ltd. or public ltd. co.?
Will anybody please clarify this i am in a bit ambiguity.....

One Person receives Interest on Capital and Remuneration from 4 Partnership Firms in which he is a Partner. If the Receipts is more than 10 Lakhs whether he is covered under Tax Audit u/s 44AB.

If TDS on salary not deducted or less deducted than what's the implication in statutory audit.

Hi
Respected Member

Can any one tell me ?

1. if a person carrying on two separate nature of business, then how gross sales limit shall be calculated for tax audit.
Whether agreegate or each business.

My C.a. said that it shall be calculated agreegate but i read guidance note on tax audit, in that it is written that limit of gross sales i.e. 40 lakhs shall be calculated individully for each business.

Please Guide

Thanks
in advance