can a statutory auditor lien over the books of acconts upon which he has conducted some part of job?

A Central PSU (Miniratna) has one fully owned subsidiary. but it never prepares Consolidated Financial Statement with the logic that it is not listed. is that logic tenable?

Can a CA be appointed as a Statutory Auditor of the bank of whose he is Holding a CREDIT CARD whoes credit limit is Rs.500000.

Dear all

What is actuarila loss or gain, when it will arise, will it hit profit and loss account..where we to show that amout..I hope u got.. pls help me on this

How to calculate deffered tax liability ?
How many methods ?

Hi all,

Where we have to disclose the actuarial losses or gains... as per Acocuinting standard AS 15

Hi all,

My client got the actuarial report from independent professional for leave encashment and for grautity. So as an auditor is there any need to verify that or can we rely on the report. I hope u got it. pls do the need ful as early as possible

Thanks in advance

Dear Sirs,

Please advice how to do limited reveiw of a listed company and what areas to be covered.

if we change the method of valuation of inventory from fifo to weighted average method then it is required to change the value of opening stock and adjust the difference with the current year profit or loss.

and the other thing can A.O. rejects the change in method of valuation of inventory that we have adopted ? can he disallow the treatment ?
Please give me any case reference or judgement for this situation.

is audit required for a company having a turnover of less than 40 lakhs. If not who can file the returns. A chartered accountant is necessary to file the returns. Kindly suggest me