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Recent Questions

Question added May 30, 2015 Audit By samarth , Muzaffarnagar

answers

529 views

Q. Applicability of PF And ESI - For a Proprietorship firm Max limit for employees is 20 or 10

Question added May 29, 2015 Audit By KIRAN SANKAR BHATTACHARYYA , CA , Baruipur

answers

493 views

Q. Professional ethics and code of Conduct - Whether a Concurrent Auditor of a primary co operative bank can be appointed as tax auditor of the same bank for the same financial year

Question added May 22, 2015 Audit By Krishna Kumar Chaudhary , CA , New Delhi

answers

614 views

Q. regarding state level c&ag empanelment - why we need state level empanelment in c&ag

Question added May 20, 2015 Audit By YOGESH , CA , Faridabad

answers

532 views

Q. CARO 2015 - Logic of deleting "Loans taken" from CARO

Question added May 13, 2015 Audit By priyanka , CA

answers

514 views

Q. ca-ipcc - How do I self-study audit in 1 month for the first time?

Question added May 02, 2015 Audit By cabhavukgarg , CA , 110075

answers

682 views

Q. company audit ceiling - As per section 141 of the companies act 2013 , a CA can do audit of maximum 20 companies .
Now as per my understanding of law , â€˜companiesâ€™ includes all companies â€“ small , dormant , OPC , pvt , public , listed , unlisted .
so a CA , individually can do audit of max 20 companies only .
[ in case of tax audit , limit is 60 per partner per firm , thus a firm of 12 partners can do 720 tax audits , and all tax audits can be signed by any one partner of the firm also .
Do the same interpretation can be applied for companies act sec 141 â€“ no of ceiling of audit ? ]
Please reply

Thanks

Question added Apr 30, 2015 Audit By Dhiraj Gupta , CA , Delhi

answers

786 views

Q. BUIL-UP PRACTICE - Plz. Share experience regarding tips of extension of newly CA practice & increase number of clients.

Question added Apr 21, 2015 Audit By Geetika Mittal , CA , Ghaziabad

answers

605 views

Q. valuation of investments in VCF - I am carrying out the statutory audit of an NBFC and it has made investments in venture capital funds. They wants to value those investments at cost while NAV is low. Can anybody share any circular/notification in this regard.

Question added Mar 31, 2015 Audit By Rajanigappa , CA , Bangalore

answers

857 views

Q. TAX AUDIT FEE 2014-15 - Rate mentioned at 7.5% by SBI for branch audit, whereas you have mentioned is at 15%. Pl clarify

Anwered By : May I Help You. May I Help You.

Question added Mar 23, 2015 Audit By SUCHARITA BASAK , CA , KolkataM.C.

answers

434 views

Q. Queries for Partnership Firm - 1. UCN alloted to a member will be applicable for new partnership firm?
2. Time required to be eligible for empanelling it as the statutory auditor of the bank and audit of CAG and for Concurrent audit

Question added Mar 22, 2015 Audit By Suman Agrawal , CA , RANCHI

answers

680 views

Q. Bank Branch Audit 2014-15 - Where I can get Banks Empanelment List 2014-15

Anwered By : May I Help You.

Question added Mar 10, 2015 Audit By CA. P K KUMARESHBABU , CA , Coimbatore

answers

376 views

Q. Part time practice - I am a CA and working in PSU. Shall I apply for COP-parttime . Please provide me pros and cons

Question added Feb 25, 2015 Audit By Sachin Neema , CA , Indore

answers

463 views

Q. Contingent Liability - L/c opened by bank but material not received , would this form part of contingent liability

Question added Feb 20, 2015 Audit By KHALID REHMAN , CA , East Delhi

answers

431 views

Q. intrnal audit of BPO in medical sector - can anyone tell me how to make audit program for internal audit of BPO medical

Question added Feb 18, 2015 Audit By MANOJ KUMAR SAXENA , CA , Rudrapur

answers

417 views

Q. CONCURRENT AUDIT - Does the indebtness of SBI prohibits for appointing as concurrent auditor

Question added Feb 14, 2015 Audit By CA Teepoo Sultan , CA , East Delhi

answers

488 views

Q. auditor disqulification - whether a firm of chartered accountant will be disqualified if partener have an supply of good(as supplier) agreement with company and firm has appointed as auditor of that company. if the firm is disqualified then in which para of disqulification specified in section 226 co.act 1956 it will fall.

Question added Feb 06, 2015 Audit By Nishant Gupta , CA

answers

952 views

Q. ABC and RNI Audit - What is the procedure to be empanelled with ABC and RNI. Is their any criteria. If yes, Please share. Thanks in advance.

Question added Jan 18, 2015 Audit By C.A P. Hareesh Kumar , CA , Hyderabad

answers

399 views

Q. Bank audit 2015 - Did any one got fresh offer for appointment ( seeking consent ) from any of the PSU Banks This is the third week of january and ormally it used to happen January first week

Question added Jan 16, 2015 Audit By Keyur Rameshchandra Shah , CA , VADODARA

answers

423 views

Q. SOP for Manufacturing Concerns - Can any body guide/share ideal Standard Operating Procedure (SOP) for different business process (Purhase to Pay, Sales to Collection, Accounts & Finance, Inventory Management, HR & Admin etc)

Question added Jan 07, 2015 Audit By Geetika Mittal , CA , Ghaziabad

answers

378 views

Q. Audit - My client is an NBFC and has made investment in HDFC Liquid Fund. I am carrying out the limited review for Dec quarter. The value of liquid fund is appreciated as on 31st dec as per market value. should the difference be recorded in books of accounts. If yes what accounting entry should be passed.

Question added Dec 30, 2014 Audit By SAUMYA GUPTA , Delhi

answers

525 views

Q. PAYMENT OF BONUS ACT & QUALIFIED OPINION - if the auditor has qualified his report in relation to expenses of SLM in AS-19, will that expense be considered in net profit for the calculation of Net Profit

Question added Dec 21, 2014 Audit By RK Gupta , CA , East Delhi

answers

407 views

Q. CA Partnership Deed - Can the partners through a deed limit their liability to some extent? Instead of forming LLP which has its own complications.

Question added Dec 18, 2014 Audit By Geetika Mittal , CA , Ghaziabad

answers

626 views

Q. Partnership - In how many firms a CA can become partner? What are the consequences/demerits of more than one partnerships?

Question added Dec 04, 2014 Audit By Ritika Grover , Delhi

answers

404 views

Q. Checklist for internal audit of an IT consulting company - Dear Sir/Madam,

Kindly provide me the checklist or help me with the procedure that needs to be followed while conducting internal audit of an IT consulting company? Which areas are we supposed to cover in the audit?

Experts Panelist

Rambabu Senkarasetti

Accounts, Audit, Corporate Law, Finance, Income Tax, Service Tax, Students, VAT

Answers Posted : 409

CA Satuti Mahajan

Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, GST, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT

Answers Posted : 291

Vikash Kumar Jha

Accounts, Audit, Banking, Corporate Law, Custom, Excise, FEMA, Finance, GST, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT

Answers Posted : 270

Rishabh Upadhyay

Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT

Answers Posted : 257

Ashish Karundia

Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, Income Tax, Service Tax, Students, VAT

Answers Posted : 257

Mrattunjay

Accounts, Corporate Law, Custom, Excise, FEMA, Finance, GST, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT

Answers Posted : 220

PRIYANKA

Accounts, Audit, Corporate Law, Excise, Finance, Income Tax, Service Tax, Shares & Stock, Students, VAT

Answers Posted : 136

CA. SURESH Kr. AGARWAL

Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, GST, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT

Answers Posted : 131

Vaneet Gupta

Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT

Answers Posted : 120

Ketan Samdani

Accounts, Audit, Corporate Law, Excise, Finance, GST, Income Tax, Service Tax, Students, VAT

Answers Posted : 117

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