audit

No, A person holding any security of the company cant be appointed as statutory auditor as per company act .

Plz tell me hw to conduct audit of prepaid expenses

Check teh nature and context of the expenses, teh relevant supportings, the appropriate approvals, the borad meeting resolutions in case of companies , the period over which they are to be spread. The amount whetehr its correctly. The accounting heads.

thanks i had the same query

hey thanks

I,m at present doing an audit of a company which purchases goods from india and export it outside. they r not manufactures. i want to knw hw do i value closing stock as on 31st March, when there r so many factors like freight, loding an unloding chgs , service charges etc........ Plz help me. They maintain their books on Tally .