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i am Studying in PCC and i am not grtting this answer so please help me out.
thanks.
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i like to know is it necessary to have cost audit every year..
is there any exemption for non conducting of cost audit.
which are the section i should refer for a detailed knowledge
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DEAR CO-LEAGUE
PLEASE TELL ME WHAT IS SOX 2002 ACT . IS IT SIMILAR TO AUDIT PRACTICE IN INDIA AS PER OUR AAS.IF YES WOULD OUR GOVT PLANNING FOR SAME ACT FOR MANDATORY APPLICATION OF AUDIT TO EVERY COMPANY
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what are the criteria for a steel manufacturing company to come under cost audit. what are the matters to be taken care of if a co. comes under such requirments.
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ABC ltd a manufacturing company dealing in sale of Vehicle spare parts. it is providing its machinery for basic operations to a contractor. who is using both labour and his saleable goods.He is even charging sales tax.
If it is a immovable property on which both labour work and sale of material is carried on then i need to deduct tax.
But in this case it is a movable item.Can ABC ltd needs to deduct tax ?
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is there any prescribed format of audit report for a company on which caro is not applicable?
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what major points do i see when auditing the books of a co-operative society?
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This Query has 5 replies
Is internal audit compulsory?
What is CARO ?
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I want to know about If any transaction may be recorded in the books beyond the bill date then what'll be effected in diffrent type of areas(like taxation,accounting standards)?like that i have purchased any type of fixed assets on 2.2.2007.but i have entered in the books in 31.12.2007.so does it applies any AS,AAS.& also effects in taxation.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
distinguish between Internal control & Internal Audit