If a company is covered under caro during one financial year, will it continue to be under the act, despite the fact that it is expemt under Clause 1(2) (iv).
I mean while preparing the audit report, will we have to check the applicability for each year.

As per the gratuity act 1972 it is paid after completion of 5 yrs when an employee leaves an organization but is there any rule such that we cannot disburse gratuity if the employee leaves within 5 yrs.

What is Block assesment?

Dear Sir,

Is it mandatory to appoint CS in an organization if the company is increasing the paid up capital more than 50 lakhs?

what are the various issues to be dealt with when preparing thecarrying out the internal & statutory audit of the following :

1. Shipping industry

2. Insurance

3. Oil & Natural Gas

4. Heavy engineering manufacturing industry

5. Film Production industry

6. Sports Associations

please mail ur suggestions to

psrinivas1 @in.com

as chartered accountant, i have annaxed an audit report with the final accounts to be submitted with IT return of the firm that I have examined the balance sheet & P/L accounts of a firm and opined that the books of accounts are in agreement with record produced before me simply.

nothing like whether it reflacts true & fair view or what are the qualifications in my openion or what is the conclusion.

whether i can claim my self to be previous auditor within the meaning CA Act.if in succeding year other chartered accountant compiles the P/L & B/S of said firm without letting me know

as chartered accountant, i have annaxed an audit report with the final accounts to be submitted with IT return of the firm that I have examined the balance sheet & P/L accounts of a firm and in my openion the books of accounts are in agreement with record produced before me ,simply.

nothing like whether it reflacts true & fair view or what are the qualifications in my openion or what is the conclusion.

whether i can claim my self to be previous auditor within the meaning CA Act.if in succeding year other chartered accountant compilesthe P/L & B/S of said firm without letting me know
Please elaborate your Reply

What does 10B Audit report and what are the areas it covers

DEAR SIR,

PLEASE SEND ME THE SOFT COPY OF CA NOTIFICATION NO.1 CA(7)/53/2001 REGARDING THE CEILING LIMIT OF AUDIT ASSIGNMENTS


REGARDS,

JEEMON JOSE

I am a practising chartered accountant having gross receipts of Rs 5 lakhs per annum from my proprietory concern. At the same time I am a partner in another CA firm and from that firm I get remuneration and share of profit aggregating to Rs 7 lakhs per annum. Will my accounts are to be audited u/s 44AB if the Income tax act,1961.