We are two partners in firm. I would like to know is it mendatory that each partner should sign 45 audit reports or either of partner can sign 90 auit reports?

I am passed PE-II in nov 2008. I want audit firms to join articles in chennai.
please send the audit firms addresses with vaccency.
Please send the addresses of the firms located in MYLAPORE,ALWARPET,ADAYAR,TEYN AMPET,RADHAKRISHNAN SALAI,T-NAGAR AND PARRYS.
PLEASE CONSIDER MY REQUEST.

A Machinery was purchased which is not a qualifying asset as per AS 16. A loan was obtained to purchase the machinery. While the loan was obtained, Stamp Duty Charges were incurred.

Pls clarify whether the Stamp Duty Paid for obtaining loan can be capitalised?
or
stamp duty charges can be treated as borrowing costs and accordingly charged to P&L Account as the machinery is not a qualifying asset?

If your answer is "Yes, You can capitalise", Pls consider the following points.

As per AS 10, any costs directly attributable to bringing the asset to its working condition for its intented use, can only be capitalised.

And finance and borrowing costs (Ancillary costs such as Stamp Duty, Processing Charges, etc. are also included in the finance & borrowing cost )can be capitalised and included as an element of cost of Fixed Asset, provided the asset is qualifying asset under AS 16.

In the above case, the asset is not a qualifying asset. How can i capitalise?

plz support your answer with proper supportings

If the auditor of V Ltd did not attend the AGM while he was responsible to address some material matters in the AGM.

Is it professional misconduct?

Dear Sir,
what is the ceiling limit for Tax Audits for an auditor?

In a pvt. ltd. co. during the year 08 - 09 Rs. 80000/- Cash received from Party was stolen , out of building premises.FIR files in local police station. so this exp. allowed in enpenditure or not.

Can any one please tell me , that if the turnover in the subsequent year is less than 40 lakhs , even then tax audit is required or not?

Hi,

ICAI member with part time COP can not do Attest function.

What is covered under attest function?

Member with part time COP what work he can do and what are the works he can still continue to do?

Hi

Can anyone send me format of internal audit report for processes review audit.

Hey, i know the difference of capitalizaing it out and expensing it out. and i also dont require which software to be capitalized.

Im in query whether is it compulsorily required to capitalize softwares (not talking of huge softwares such as SAP/ERP implementation, they are ofcourse capitalised)or note as said earlier will suffice..