CAclubindia Articles

Performing Agreed Upon Procedures

Posted by Milind M. Kulkarni 03 September 2012 20667 Views

As a part of our professional work, we are often required to carry out Agreed Upon Procedures (AUP). Let us have a look at what AUP mean, what approach is required while performance of AUP and what are applicable standards issued by ICAI. Meaning AU

A look at draft guidelines of GAAR

Posted by G S Rao 03 September 2012 12516 Views

Introduction: The Union Budget 2012 contained a controversial retrospective amendment proposal and General Anti Avoidance Rule (GAAR). The effective date of GAAR was postponed to 01.04.2013 to the relief of many Assessees. In this article the int

Cost Auditors Appointment: Penalties for Non Compliance with respect to Appointment of Cost Auditor Notified

Posted by CMA Navneet Kr Jain 01 September 2012 25817 Views

29th June, 2012 was the Last date of filing Form 23C relating to appointment of Cost Auditor (for the financial year 2012-13) with M

Analysis of Clarification issued by MCA Dated 9-8-2012

Posted by Nirmal Shah 01 September 2012 54744 Views

Accounting treatment of Foreign exchange fluctuation (Forex) is covered under various standards as follows: AS 10 - Forex on liabilities for FA purchase etc, AS 11 - Forex on Monetary items, forward cover forex, forex on Long term monetary items e

Management of Emotions in Professional Career

Posted by CA SURENDRA KUMAR RAKHECHA 01 September 2012 18049 Views

MANAGEMENT OF EMOTIONS IN PROFESSIONAL CAREERS A Research Specially written for caclubindia users. We are mostly affected by Emotions in two circumstances When we ar

Service Tax After All Amendments Upto Date

Posted by pankaj 01 September 2012 77912 Views

What is Service Tax? Whether it is direct or indirect tax? Service tax is an indirect tax levied on certain services provided by certain categories of persons/firms/agencies. Service sector was not taxed for considerably very long time. For the fir

Ledger Scrutiny - Backbone of Statutory Audit

Posted by SANYAM ARORA 30 August 2012 172662 Views

Greetings of the Day to all the members of CCI Family. So Professionals September season is going to start & i know everyone will be busy with their respective Audits. The same thing is happening with me & i am also fed up of 6 A.M TO 10 P

Indian investors needs communication - Beyond Awareness

Posted by Indraneel Sen Gupta 30 August 2012 7485 Views

Indian economy has been recently downgraded by global rating agency. Well that is the half hearted knowledge being carried by one simple investors, broker and among the financial community.Well why half hearted and where are the loopholes between i

Companies Cost Audit Order, 2011

Posted by CMA Arif Farooqui 30 August 2012 17367 Views

Ministry of Corporate Affairs has issued various Cost Audit Orders in Financial year 2011-12, some of which applicable from Financial Year 2011-12 itself and some become applicable in Financial Year 2012-13. Various industries are being brought

Banks going back from 'Settlement of Default/Debt'?

Posted by Durga Rao 30 August 2012 14745 Views

It is known that while some loan transactions with the Bank like Housing Loan, Educational Loan etc. are very simple, some commercial loan transactions are very complex in nature. The Bank may provide various loan facilities to the Borrower and mo