a pvt ltd company,whose name was changed due to JOINT VENTURE.but after joint venture company purchases material,then invoice issued by parties in old name.
and telephone & electicity bill and some other exp. also issued in company old name.can any problem to company for claiming these expences.

Hi
Now there has been a change in the numbers of Auditing & assurance standards. So now for the june 09 exams should we refer the new AAS no's or the old no's??

In which case/cases Internal Audit is compulsory for an organisation ?

if any pvt ltd co. paid for petrol of motorcar(ownership of co.) which used by director.
whether it should be debited to repair & maintenance of motorcar a/c or convyance a/c.

telephone bill raise on company name
but use by director personally
and company recover these exp. from director.
is company approch right.

HI,
I REQUIRE SUGGESTIONS AND GUIDANCE NOTES ON HOW TO CONDUCT BANK AUDITS BOTH CONCURRENT AS WELL AS STATUTORY AUDITS.
PLZ PROVIDE ME WITH SUCH REQUIREMENTS AT THE EARLIEST .
THANK YOU,,,,,

Respected Experts

Could you please give me idea about what are normal audit steps of a company (private)? In other words, How should we start it and where should we end it?

Please guide.

Thank you.

Hi,
I am going to appear june pcc 2009 exam.please let me know whether ASS or SA is applicable for audit paper.

Need ASAP answers.

Thanks & Regards,
Dibya Ranjan Dash.

Sir,

If assessee is individual salaried person having salry less than 300000/- P.A.

He also having short term capital gain from share market by trading in to share market online more in intra day .

Now qyery is

The total intra day transactions sale amt total is more tha 40 Lacs in a financial year but profit is between 50000 - 150000 in year.
i.e. he is doing transactions in numbers of times so his sale total increases more than 40 lacs.

then can U tell me assessee is liable for Tax audtit.

hi............

This is venkat doing 3 rd year of articleship in a medium size audit firm. I wanted to get terminated from my articleship.

I heard that the rules of termination are changed ( Introduced strict rules). Can any one help me in this regard.