CA RAJESH GUPTA
17 October 2007 at 21:09

Nos. of audit a CA can conduct

I remember a CA can do 30 audits (tax). Whether the limit had raised to 45 audits or not. Pl clarify.


s kumar
17 October 2007 at 20:21

Details of Expenses in Audit Report

Is it necessary to give details of Expenses such as Salary, Rent etc in the Audit Report by an Auditor?


thanumalayan
16 October 2007 at 12:47

Inter Branch Reconciliation

What is check lists for the audit of Inter Branch Reconciliation?


AJK

Presently I am assigned salary audit of IT co, spread across globe, with employees more then 10,000.The present system is that all time logs, leaves,comp offs,bonus,performance incentives etc is done in oracle based prog developed internally. Respective reports r downloaded from the system, checked & fwd to outsourced party.
There are various issues ( other than normal audit) like employees frequently travelling, so in salary giving them per diem / US ,UK salary as applicable, transfer of leaves from onsite ie outside India to India,changing in salary module as per the cost of living index of foreign country etc. The result is that the entire payroll is in mess.
Can anyone provide me some sort of guidance / questionnaire that includes all the basic processes of all salary components, along with their interface with the s/ware system ?


Avinasheswar


When an organisation changes from manual accounting to computerized accounting or when an updation in the existing accounting software is made, an audit is done to ensure that all the requisite reports and accounts are generated accurately.what is such a kind of audit particularly called?


Aditya
13 October 2007 at 11:58

Advanced Auditing

AAS 33: engagements to review Statements
states that
A review provides a moderate level assurance that the information subject to review is free of material misstatement, this is expressed in the form of negative assurance.

My Question is WHAT IS THE NEGATIVE ASSURANCE
over here?If the reviewer is assuring something how can that be a -ve?
i mean is that that he is not assuring something?
Kindly elucidate me the meaning how the review report should contain a "negative assurance"

2)RE: PROFESSIONAL MISCONDUCT:
a)Is the clause of undercutting of fees applicable on an auditor ?

and

b)A listed company has CA. Arun Kumar as its auditor. Now the co. decides to appoint one more auditor CA. K.L.Iyer as the joint auditor. HERE IS THE SECOND AUDITOR K.L. Iyer required to communicate to CA. Arun Kumar ?
if he doesnt will he be charged for prof misconduct?


Nil
12 October 2007 at 12:05

Transfer Pricing Audit Procedures

What all are required to do while conducting TRANSFER PRICING AUDIT?


T Sayeeram Rao
12 October 2007 at 09:09

Turn over for Tax Audit

Please clarify, how is the Turnover calcualted in Share Trading - F&O and Options. Also clarify open position held at the financial year end, is disclosed in the B/s.


sannagovindappa.G
09 October 2007 at 16:10

hi all what is exactly fixed assets

in one of our clint sell the


gourav
05 October 2007 at 17:20

Central sales Tax

Can any adjustment be made in the ledger Accounts against CST paid on purchase & recived on Purchase.