I have a client which is listed on Bombay Stock Exchange and which have a wholly owned subsidiary company located in British Virgin Island. As there is no statutory requirement of audit in British Virgin Island the accounts of the subsdiary is not audited there. But for consolidation purpose we require the audited accounts of the subsidiary company.

So my question is can a Indian CA audit the accounts of the subsidiary comapny which is located in British Virgin Island ?

If yes than whether the indian CA is required to issue the audit report as per CARO 2003.

Please advise.

Thanks and Regards
Bhupendra Gandhi

A company has the share capital of Rs. 110,000,000, therefore as per section 383A of the companies act. It is under the compulsion to appoint a whole time CS. But the same has not been appointed till date. In that case as an Auditor we should qualify the report or not.

Please reply, i'm awaiting.Thx

Sir,

Can anyone provide me with the detailed Checklist for a statutory audit

Dear sir/medam,
please send me Audit report format(CARO Applicable)of any Private Company. It is very urgent requirement. Please send me as early as possible

plz tell me how to go about society audits and how it is different from other audits in general is there any extra annexures to be made alongwith auditors report

Can anyone provide Audit report format for AOP's ?

why Guidance notes are issued when we already have AAS(SA)?

Hi,
I am the student of ICWAI-Final, preparing for June-2010 exams. I want to know that, for the exams point of view, how many Cost Audit Standards are applicable. on the website of Institute there are 12 Cost Audit Standard but in study material there are only 7 CAS dicussed.Please inform me, that for exams how many CAS required to be prepared.

Thanks & Regards

Sinha

Sir,

A school fees receipts exceeds 40 lakhs, the trust account is covered u/s.44AB of IT Act.
pls clarify.

Sir,
I have all registrations in Delhi, in which my turnover exceeds Rs.40 lacs, for which I have audit my books u/s 44AB of Income Tax, for this i have no doubt.
I have another sales office in the state of Haryana from where I am dealing in sales tax free goods (all transactions are of cash nature) and I have not informed to any department. for Haryana state office Separate Tax Audit is required or not. What will be the status of income tax return i.e. i have to merge both the balance sheets or not.
Whether I require merge balance sheet to be signed by the CA.