If the Expense is not Expense off rather it is capitalize for eg: if the car is purchased and insurance charges is capitalized with car but it should ve expense off now wt i want to know, which section is applicable to this and how we express this in Internal audit report

Hello Friends , would you suggest me that how can we bifurcate a Particular pre operative exp. as a Capital exp. or Revenue exp.,Is all the pre operative exp. are capitalised .
suppose if we take an e:g like whether salary of a/cs deptt. during Construction of unit is revenue / capital pre operative exp. and whats the treatment of this exp,

Packing material is Direct Expenses or Indirect Expenses??? How???

what are the documents should be audited in case of import purchase.
when should the purchase be booked?

also if there is an agent for clearing good?

Hi
The auditor of company is required to submit a certificate stating that if his appointment will be made it will be within the limits as specified in sec. 224(1B).
My query is whether this provision is applicable to statutory auditors or it is also applicable for internal auditors i.e. whether internal audit will be considered for calculating specified limits?
Thanks in advance

heyy..can anybody tell me where can i download the most reliable Bare Acts from??

heyy..can anybody tell me where can i download the most reliable Bare Acts from??

I am receiving a rental income of Rs.21 lacs P.A. A part from the above I don't have any source of Income I want to know do I need to get my accounts audited. What is the limit for audit in my case.

Thanks.

Now i am doing fixed assets auditing. The company person are given for me two different register one is maintained by accounts department and another one is maintained by technical person. They are not done the reconciliation, because the accounts person is entry is seprate and technical person entry is different. So i am going through technical person register basis.

Please give a guide for how i have to go through this and do the report. If any report formate is their please send it. I am in confuse.


Thanking you
Please help me

can a cost accountant can act as an internal auditor of the same company?