How was the AUDIT today??

shrinaath i hope that ur voice will b reached at the ca institute,,,!!!

sec.226 disqualified these category only for ensuring independence of auditor.

as he has paid back the debt before his appointment, he will not have any prejudice in audting the accounts thereafter.

hence the appointment is valid.

EVERY THING SUBJECT TO INTERPRATATION

but aravind in starting it is also written that "y is appointed as an auditor for the year ended 31.3.2009"

agar aisa h then auditor can have prejudicial interest in the work done before the appointment date of 16.08.2008...!!

so iske baare mai kuch bhi clearly co's act mai nai likha h...!!!

Srinaath...i also wrote de same ans lik u...:(( wrong eh...:(

yes its VAILD.....

for disqualification u/s 226(3) Indebtness of Rs.1001 n more at the time of appointment or for further disqualification anytime during the course of Audit......

not before appointment....

plz stop everyone makin their permutation n combination on disqualification...!!!

Originally posted by : silent Heart
	Dear Sir i want to PE 2 audit paper information not a IPCC

PE2 was reasonable good but no choice  ... but i dide preform that ge8 ... lets see

hey..Chetan...tht point is rite....so his he disqualified kya....?

wat abt d overvaluation of stock and understatement of liability .

auditor responsible or not

chetan gud question.

but simple logic.

as he has paid back the debt, he will be independent for the first part of the year also.

chetan gud question.

but simple logic.

as he has paid back the debt, he will be independent for the first part of the year also.

how ll de auditor be respo for overvaln of comp stock...wht justificctn did u guys give..?

whts the ans's for all true or false..!? can anyone write order wise..!? for qn 1(i) to (x)..??

Aravid ! u r SPOT ON. Its a perfectly valid appoinement