satyam case sent by Ms. Surbhi Bansal.

IMPACT OF THIS NOTIFICATION

1. )  ON CLAUSE (6)

WEBSITES

1. YEAR OF ESTABLISMENT
2. DETAILS OF ARTICLES
3. NATURE OF SERVICE PROVIDED

(PULL+ PUSH BOTH)

CIRCULARS

 2.)  ON CLAUSE (7)

1. ADVERTISEMENT IN PRESS
2. ADV. IN TV/MEDIA
3. YEAR OF ESTABLISHMENT(IN CIRCULER)

SATYAM SCANDAL

(AS PER LETTER BY MR. R. RAJU)

FAKE CASH & BANK BALANCE                      = 5040 Cr.

NON-EXISTANCE OF ACCRUAL INTEREST = 376 Cr

UNDERSTAND LIABLITY                                   = 1230 Cr

INFLATED DEBTORS                                                                      = 490 Cr

IN QUARTER-2: INFLATED REVENUE           = 588 Cr

                               INFLATED MARGIN              = 500 Cr

                               ARTIFICIAL CASH                 = 588 Cr

CLAUSE (8) (7) second schedule part I attracted.

POINTS W.R.T AUDITORS DUTY(question may be in exam on following points)

1)       WHY SO HUGE IDLE CASH?

2)       PHYSICAL VERIFICATION OF CASH?

3)       DEBTORS CONFIRMATIONS

4)       ACCRUED INTEREST (WHY NOT EXAMINE SUBSQUENTLY)

5)       BRS ?

6)       SALES :-  STOCK MOVEMENTS

                     AGGREMENT WITH CUSTOMER (IN SERVICE SECTOR)

U can down loan this also 



the same thing which i had posted u can either down loan or else u can see above one

Thanx Vidya for sharing

so nice of you for vidya. Keep share with us.

 hi sri vidya thnx for ur input do u have the imp questions of audit given Ganapathy sir for the June attempt of final...pls help

`Hi sri vidya ji tanx. have a nice day
 

thks for sharing

 Thanks yar its really useful.