Dear Sir/Madam,
Plz any one tell me how to do audit in detail for utilization of loan, which is borrowed by the borrower form XYZ bank.
for example XYZ bank disbursed to borrower Rs.5 Crore for project and borrower spend for this project Rs.3 crore and in progress now bank appoints to me as an auditor for ensure the amount which is spent by the borrower. waiting for reply..
Thanks

My Client having turnover 50 Lacs Approx. & as per 44AD profit should be 4 lacs but if he want to declare profit below taxable limit i.e. 2 Lacs whether Tax audit is Compulsory ?
And in Same Case any provision which is conflicted with 44AD Compulsory Audit ?

sir i have no software to file income tax return. how can i file return.

my client has avaied a machinery laon for importing machinery but after making of payment by finance company to china no machinery was imported as the supplier disappeared and a fraud occurred.the supplier was recommended by the financing company.my client has put a case in court as no machinery was supplied.

should i show this loan as zero and show it as contingent liability?

can A manufacture of socks do trading in machinery? in addition to its original business.

Hello Sir, Internal Auditor can be a CA in practice or not. Itmeans CA in service can be an Internal Auditor. Doubt is... If he is in service does he require any permission from his employer to perform internal audit of others? or can he act as an internal auditor of his own company where he presently is in employment?

IS THERE ANY OTHER RATES ARE THERE FOR DEP UNDER PARTNERSHIP ACT.OR INCOME TAX RATE SHOULD BE FOLLOWED BUT I JOINED A FIRM THERE IS NOT IT RATES ARE USED

My query is relating to Physical verification of Inventory.

Due to some unavoidable issues we were not able to verify the same, so how should this fact be disclosed in Auditor's Report?

Should we qualify or issue EOM??

Dear Sir/Madam
Kindly provide me with the format of management Representation Letter as per New Companies Act.

compliance report under cost audit rules 2014 is applicable or not? is it cost auditor is not required for this?