Hi all

I wat to know whether a Propreitoship Firm is required to have tax audit i the name of the firm or in the name of the Sole Proprietor?

And if it is optional then what are the implications if the firm is auditted in the name of the sole proprieter in his return.

freight of Raw material capitalise in Raw material....and the freight amount is not gone to purchase register....T.D.S is corrctly deducted
now the valuation of closing stock is included the freight Amt.....
whether this treatment is right???

Clarification: For level II Enterprises, compliance with the mandatory.

Accounting Standard is must, Auditor while doing attest function must ensure
that all the applicable accounting standard should be compiled in the
presentation of general purpose financial statement of the enterprises.

Now, my quary is that, in case of Tax - Audit report issued u/s 44AB of
income tax act 1961, Wheather member has to see that all the applicable
accounting standard have compiled or not issued by ICAI.

Also, is there any professional misconduct in case member don\'t give due care with the compliance of Mandatory Accounting Standard in case of Level II Enterprises

hello everybody,
i want to ask what are the genuine steps of audit, whether we should start with scrutiny or take it as a last part etc.

hi,
it will be helpful if some one educate me on the follwoing point.

there is a land development agreement between three parties. first party is the owner of the land, second party taken development rights and inturn passing it on to third party. the agreement is between three parties.
party two and three have a director in common, my doubt is, the person who is common director to party two and three can sign the agreement on belalf of both the parties or not. if he signs on behalf of both is it legally valid or not.

when an auditor is removed after the expiry of his term , a special notice has to be given to the company by a member. My question is as to who is this member, what is his importance in giving such notice, is he the authorised person,please elaborate about this person

Respected Sir/ Madam,

What is the maximum no. of Tax audits a Chartered accountant can accept. Does this maximum limit include both tax Audit under Income tax act & Vat audits under MVAT Act both inclusive or whether an auditor accepting 45 IT tax audits is eligible to accept another 45 Mvat Audits.

Thank You

what is BAIT money in relation to bank audit?

how should income be recognisewd in the books of accounts of an online lottery business? does any one have audit prog/critical areas wrt to lottery.
Also anything on offence & penalty

How should income be recognised in the books of accounts for lottery business? Does anyone have audit prog/critical areas for online lottery business?