AS PER THE COMPANIES ACT A C.A CAN ACCEPT MAX. OF 20 AUDITS.BUT WILL THIS CEILING INCLUDE A PVT CO HAVING PAID UP CAPITAL OF MORE THAN 25 LAKHS

AS PER THE COMPANIES ACT A C.A CAN ACCEPT MAX. OF 20 AUDITS.BUT WILL THIS CEILING INCLUDE A PVT CO HAVING PAID UP CAPITAL OF MORE THAN 25 LAKHS

Pls clear one doubt

To whome branch auditor should report his audit report: -
- Management or
- Statutary auditor


Kindly refer sac. 228 of company act.

While auditing a cooperative housing society whether auditor can comment on
a) Non Compliance of govt. directives to obtain police verification report before letting out of flats etc.

b) Non attendance of Managing Committee Members in Monthly meeting

c) Defaulter of society being MC Member etc

d) Internal working of society and non adherence to Bye laws and govt directives

Whether secretary of housing society deny information on above subjects to auditor/ Internal Auditor of society?

Dear sir presently i am working in a ca firm as a articled clerk.I got myself involved in this firm since 20th october.Since then i have been working in a pvt ltd continously and there i only vouch the cash voucher,bank voucher.Sometime ledger verification is done by me.Sir i am getting bored with this stereo type job.So sir i want to know the job area which i should learn.If you kindly inform me the area where a chartered accountant should have command then i can request my principal for those job being taught.

Why is interest paid to shareholders during long gestation period ?

Plz explain in details.......

As a Statutory Auditor, how do I convince myself that my client has entered in to transactions at a fair value with a related party?
To be more specific, my client has imported Capital Goods and Spares from Related Parties abroad but the imported value seems to be high as similar products are available at cheaper rates in India. What document should I ask my client other than Bill of Entry from Customs to satisfy myself that it is imported at fair value?

Dear Experts,

Let me know which type of transactions i have to more concentrate at the time of audits especially pvt.ltd.company.

Also guide me which things i have to more concentrate at the time audits which is corelate with minutes & ROC.

In minutes & ROC what to check.

Reply asap.

Regards,
Prakash Jasani

As per Companies Act (Sec. 226 Qualifications & Disqualifications of Auditors), A Body Corporate cannot be appointed as auditors because it has Limited Liability.

In this case, if a CA Firm is registered as LLP, then, is it eligible to be appointed as auditors?

Please Clasify.

TIA, regards

Arjun