In the Case of Satyam, a foreign auditing company has been appointed, eventhough the Balance Sheet and other Financial Statements have been signed by the members of the Institute of Chartered Accountants of India. How it is possible to appoint foreign companies to be appointed as the auditors of Indian Companies. Please give the answer in detail explaining the Professional Ethics issued by ICAI in this regard.

thanks


regards
sarma

a company is holding leasehold plot and has paid a part of lease rent as lump sum and is paying the rest annually.Although it has not yet amortised the lump sum amount of lease rent paid initially. is this accounting treatment in accordance with accounting practice?

a company in earlier has disclosed by way of a note its deferred tax asset figure, but this it is bringing that very figure into accounts only by adding the same with general reserve and with corresponding debit. is their treatment is right?

Sir,plz tell me how to do finalisation of a company,any method can u suggest me.Plz provide me the check list.

sir,i have heard that we should prepare form 3c for doctors,but how to prepare,what are the aspects to be considered.

Dear Colleagues,

ABC P.LTD was incoporated in joint venture with a foreign group.In June,2008,foreign group exited and consequently name of the company was changed to XYZ P.LTD.in June,2008(all ROC formalities duly complied with)

On audit I found that sales & purchase invoices are still continuing in the old name i.e.ABC P.LTD.

How I should qualify the audit report ?

regards
c.a.paresh zatakia

Sir,My clint is Partnership Firm.Firm has loss of Rs.25657 during the year 2008-09.What is the deferred taxasset/liabilty? for accounting and plz explain the desclosere.

One of our client, who is a doctor and is working as on part time basis in hospital and receiving a receipt of Rs.11,50,000/- He recives Form 16 A from the concern. Whether he is liable for audit under section 44AB.

pls send me caro report

if a proprietor has two proprietorship concerns and in both firms sales is above 40 lacs

then he needs to have 2 tax audit for separate firms or

single tax audit report will be made for both the firms

both firms are doing different businesses