What is the difference between Qualification and observation and stating of facts in an audit report?
When do you say the report is qualified and when is it just stating of the facts?

Is there any provision whereby inventory count may not be carried out in a financial year without any qualification in the audit report. Further read somewhere that is the Company adopts some sort of statistical sampling methods, then they can avoid physical stock take provided the system is robust. What is this statistical sampling for inventory procedures.

dear sir,

please provide me the details about the revenue stamp of Re. 1 to be affixed on receipts involving amount more than Rs.5000.00.

what is penalty for non- affixing the revenue stamp of Re. 1?



thanks

WHAT IS TAX AUDIT, WHAT TYPE OF BOOKS A TAX AUDITOR LIKE TO CHECK REGARDING A MANUFACTURING UNIT

can anybody tell me?
what consideration should be check in debtors and creditors ledger

how to do verification of fixed assets.

how to do ledger scrutiny
what one should do in ledger scrutiny

One of the previous auditor not given No objection Certificate due to Draft Balace Sheet not provided by BOD to Auditor but we have recived appointment from C&AG to done audit. what shpuld we do?

Dear Expert,
the company is getting price protection say 1 week, i.e The company will purchase as per price list and if price falls in market within 1 week then company will get the above discount.
I want to know the accounting treatment of discount and nature of above discount, whether it is a cash discount or trade discount.


Thanking You
Z A M I R

if a loan of Rs.20,00,000 is given by the MD to The company and is given in cash. what are its consequences which will affect the company?
&
What are the statutory obligations of an auditor in relation to the above situation?