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

i as a company had appointed the auditor in the AGM but later the auditor had resigned as he went out of station so now i want to know the procedure to be followed to appoint the new auditor
kindly provide me with the detailed procedure
thank you

when CARO will be applicable to a public limited company please give me detail's and conditions.

We are consignment agent and commission recd. during the year is only Rs. 15000/- but total consignment turnover is rs. 69 lac.

In this case tax audit compulsory or not

tks & regards,

Rakesh Kumar

which is the relevant rate of foreign exchange rate if a copany hold raw materilas at closing balance sheet date? the purchase price is in foreign currecy and not settleed at closing balance sheet date and our actula cost as per AS 2 is still @ foreign currecny

while checking expenses, i found a bill, the expense(tds e-filing fees) in which belongs to f.y. 07-08 but date on the bill is of current year(year under audit). so how should it be shown in books? will it be treated as prior year expense? i m a bit confused since the bill date is of current year.

When the opening balances are different from the figures reflected in cash book (bank balance)and last year audited balancesheet what should be the action taken.

We know the amount reflected in the cash book is correct as we can verify with bankstatement given to us but it disaggress with the audited report.

Sir,

Is share application money a potential equity share in terms of AS 20 ? Does it need to be taken into account to calculate diluted EPS ?

Hi

Kindly answer me
At what point of time Tax Audit is applicable for share trading? How is the ceiling limit of 40lakhs is calculated
1.on gross sales of share trading
2.on net proceeds?
3.or on margin basis?

What are the important points / documents to be checked or collected or verified while conducting a Statutory Audit