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audit

CA Neeraj Bansal (credit manager of icici bank) (109 Points)

25 August 2008

a person holding one prefrence share of a company. can become the auditor for that company?

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6 Replies

rakesh kalani (Article assistant) (88 Points)
Replied 25 August 2008

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

khushboo (CA Final) (53 Points)
Replied 27 August 2008

Plz tell me hw to conduct audit of prepaid expenses

Rushikesh (Chartered Accountant - Manager Finance) (2375 Points)
Replied 27 August 2008

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.

Jigar (Student) (661 Points)
Replied 28 August 2008

thanks i had the same query

khushboo (CA Final) (53 Points)
Replied 31 August 2008

Originally posted by :Rushikesh
"	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.	"

hey thanks

khushboo (CA Final) (53 Points)
Replied 31 August 2008

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 .