Shivam Bansal
This Query has 7 replies

This Query has 7 replies

07 September 2016 at 10:59

audit chapters

i m having weak learning power so what can i do to learn audit chapters


anu Ghai sssssssssssssssssssss
This Query has 6 replies

This Query has 6 replies

05 September 2016 at 23:34

Lien on books

In case auditor has not been paid so can an auditor exercise his lien on books?


Navneet Kaur Chawla
This Query has 1 replies

This Query has 1 replies

05 September 2016 at 11:03

Tax audit limit for cold storage

what is the tax audit limit regarding turnover of cold storage?
and Is Cold storage considered part of profession?



Anonymous
This Query has 6 replies

This Query has 6 replies

02 September 2016 at 16:09

Government contract

What is the impact of not fulfilling any term or conditions of agreement which is entered between Private limited Company and Government suppose company has entered into an agreement with government for supply of medicines to govt. department.

Terms and conditions says that the price charged for the supplied item under the contract shall in no event exceeds the lowest price at which the contractor sells this medicine to other person.

Now at the time of audit auditors finds that company is selling medicines to government at very high price as compared it is selling to other.
and government is not aware about this, Now what will auditor do to safe guard himself.


manjusha ladha
This Query has 7 replies

This Query has 7 replies

02 September 2016 at 12:53

Segment reporting

Does segment reporting continues even if the company is no more applicable for segment reporting.


Navneet Kaur Chawla
This Query has 4 replies

This Query has 4 replies

02 September 2016 at 12:40

Expenses payable in b/s

If an expenses payable (eg Audit fee payable) appears in balance sheet for how many years it can remain due i.e payment is not received


Dhruvit Shah
This Query has 4 replies

This Query has 4 replies

01 September 2016 at 10:30

Audit of professional tax.

If an employee earns more than Rs 10000 as salary but for example in any given month say May he has earned only Rs 6500 as he was absent for few days.. So what amount of Professional tax should be taken into consideration for the month of May? It should be Rs 200 or Nil? (Maharashtra)... Thanks in advance :)


Anoop.V.P
This Query has 1 replies

This Query has 1 replies

We know that as per CA Act,CA will be liable to mis conduct if he discloses the information acquired during his audit to any person without the consent of his client or otherwise required by law.

1.My question is that what is meant by ''required by law'' ? Whether it means ''Court order''or ''government order''? Please give examples.

2.Whether government departments (like Police dept.)can obtain information from CA about his client ?

3.Whether the ''information'' includes the figures shown in the books of accounts of the client like sales figures,purchases figure,balance sheet figures...etc or whether it must be any sensitive data about the client?

Please give me answer to all above my questions.it is urgent


Kumar Gaurav
This Query has 2 replies

This Query has 2 replies

28 August 2016 at 15:19

staff food expenses

hi experts while auditin of one of our client from hotel industry we found that they are providing free food to its staff on daily basis. around to 30 to 40 employees but no accounting for such expenses. what can be the reason? and on what basis cost should be calculated and booked in books? pls explain the same in detail. regards


Binu K P
This Query has 1 replies

This Query has 1 replies

27 August 2016 at 16:05

Removal of auditor

Our CA Firm is to be appointed as auditor of the company for FY 2015-16 and existing auditor need to be removed. On behalf of the company, I have to do the removal procedure.

My doubt is that :
As per Sec140(1) of Companies Act 2013 read with rule 7 of chapter 10 of Companies rules, it says that " the company shall hold the general meeting within sixty days of receipt of approval of the Central Government for passing the special resolution". So, it means that after the company get the approval of CG only, they have to pass a special resolution in AGM/EGM ,isn't it??

But in ADT-2 Form, the 2 (out of 3)mandatory attachments are "Copy of special resolution" and "Minutes of AGM or EGM" and also it is mandatory to quote the MGT-14 SRN number.

So Sir, practically should the company pass two special resolution in GM i.e. 1)after board resolution and before ADT-2 filing and 2)after the approval of CG ??? Or does it mean anything else???






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