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Uploading of Returns & 44AB Audit Reports

   12 October 2007 at 01:13

Uploading of Returns & 44AB Audit Reports The report of audit under section 44AB is not to be attached with the return.It should not be furnished separately also before or after the due date.However, an assessee should get the report of audit from a

Posted in Audit |   11313 Views


Audit of NBFCs

   21 September 2007 at 15:20

For the Immediate Attention of the MembersAudits of NBFCsNon Banking Finance Companies (NBFCs) are playing a vital role as the financial resource mobiliser in India given the country's geographical and population spread. However, having regard to the

Posted in Audit  1 comments |   17424 Views


Mandatory Cost Audit in Service sector

   25 August 2007 at 11:26

New Delhi, Aug 24 Companies in the services sector and all listedmanufacturing companies may soon have to hire cost accountants undera new formula being worked out by the government to beef up the roleof corporate cost audits.According to sources in

Posted in Audit |   14265 Views


Frequenlty asked questions on MEF

   19 August 2007 at 12:35

Q 1 - UCN -Not Allotted I have been allotted a Unique Code Number ( UCN)  but, when I download the application, UCN field is appearing with the words 'NOT ALLOTTED'.   What do I need to do ? Ans The Applicant needs to fi

Posted in Audit |   7467 Views


MEF date extended

   13 August 2007 at 08:20

Last date for submission of MEF for the year 2007-08 extended to August 21, 2007.Last date for receipt of hard copy of duly signed declaration extended to August 31, 2007.  

Posted in Audit |   4812 Views


BANK EMPANLEMENT IS READY !!

   11 July 2007 at 22:46

IMPORTANT ANNOUNCEMENT Multipurpose Empanelment Application Form for the years 2007-08 Members may please note that the Multipurpose Empanelment Form for 2007-08 has been hosted on the website www.meficai.org on 11th July, 2007. The last date for sub

Posted in Audit |   7734 Views


Mandatory cost auditing norms may be revised

   21 June 2007 at 07:38

June, 21st 2007Sensitive operational details of a large section of corporate India are likely to come under government scrutiny soon. The ministry of corporate affairs has started reviewing the way it orders mandatory cost audits on companies to opti

Posted in Audit  3 comments |   4536 Views


Multi Purpose empanelment Form for 2007-2008

   09 June 2007 at 03:40

Multipurpose Empanelment Form for the year 2007-08Members may please note that the Multipurpose Empanelment Form for the year 2007-08 is likely to be hosted around mid of June, 2007. Members may also note that clear 30 days time would be given for fi

Posted in Audit |   10068 Views


Bank Audit Fees- Revised

   07 June 2007 at 03:09

Remuneration payable to the Statutory Central and Branch Auditors of Public Sector Banks from the year 2006-07 RBI/2006-2007/ 429DBS.ARS.No.BC. 08 / 08.92.001/ 2006-07June 6, 2007CONFIDENTIALThe Chairman & Managing Director, all Nationalised Bank

Posted in Audit |   77685 Views


Auditors with only ICAI certificate to scan books of listed firms

   13 May 2007 at 01:22

Following the request of the Securities and Exchange Board of India (Sebi), the Institute of Chartered Accountants of India (ICAI) has decided that the audit of listed companies and public sector undertakings will be conducted only by auditors holdin

Posted in Audit |   7485 Views