what is main difference between the qualified
and unqualified opinion?

if bill is of last year but recieved by company in next year, say bill of march month purchases,or services etc., then it should be recorded on date when bill is recieved
then as an auditor can we question it regarding prior year exp.or this practice is allowed?

Please let me know the main points which should be taken care into while doing audit of a compnay dealing in shares.

Case 1 - Assessee earned income in construction of Designer floors, turnover is 15L. If Tax Audit applicable or not? Case 2 -Assessee only designs the floors and gross turnover is Rs.15L. If tax audit is applicable or not? In both the cases assessee is not having any professional qualification but his employees are.

IF Form F IS NOT WRITTEN ON THE PURCHASE BILL IN CASE OF CONSIGNMENT, WHAT IS THE EFFECT OF NOT WRITTING IT?

what is the meaning of casual vacancy?

hello experts
i am doing audit of a listed concern which has been declared sick by BIFR
it had issued rs.4 cr debentures earlier
n now due to non payment of int,n principal amount it gone for OTS(one time settlement) and has written back the balance amount as income of the previous year
now my quest.is if co.used the principal amt.against purchase of fixed assets and now when it is writing off both int n principal amt,will it have to adjust principal amt.against fixed assets n capital will come or writting off full amtas b.income is correct
plz refer section also
thankx

What is the celing limit for Tax & Statutory Audits for an auditor?

Hello freinds,
My attempt is due in November and there is change in relation to Advertisement clause.
whether i have to do changed or old provisions?
Naveen Garg
gargnaveen2115@gmail.com

This query was posted few days back but strangely it disappeared shortly after posting(after the site was down for maintainance). Here is the question again:


What are the specific instructions to be issued to the client BEFORE taking up the physical verification of stock by the auditor?