I am passed PE-II in nov 2008. I want audit firms to join articles in chennai.
please send the audit firms addresses with vaccency.
Please send the addresses of the firms located in MYLAPORE,ALWARPET,ADAYAR,TEYN AMPET,RADHAKRISHNAN SALAI,T-NAGAR AND PARRYS.
PLEASE CONSIDER MY REQUEST.

...can any one share with me, Format of Debtors/creditors balance Confirmation Letter?

That will be great!

A Machinery was purchased which is not a qualifying asset as per AS 16. A loan was obtained to purchase the machinery. While the loan was obtained, Stamp Duty Charges were incurred.

Pls clarify whether the Stamp Duty Paid for obtaining loan can be capitalised?
or
stamp duty charges can be treated as borrowing costs and accordingly charged to P&L Account as the machinery is not a qualifying asset?

If your answer is "Yes, You can capitalise", Pls consider the following points.

As per AS 10, any costs directly attributable to bringing the asset to its working condition for its intented use, can only be capitalised.

And finance and borrowing costs (Ancillary costs such as Stamp Duty, Processing Charges, etc. are also included in the finance & borrowing cost )can be capitalised and included as an element of cost of Fixed Asset, provided the asset is qualifying asset under AS 16.

In the above case, the asset is not a qualifying asset. How can i capitalise?

plz support your answer with proper supportings

If the auditor of V Ltd did not attend the AGM while he was responsible to address some material matters in the AGM.

Is it professional misconduct?

A Society Received a New Machinery as Contribtion from Doner Organisation what would be the treatment of it in Receiving Party's Books of Accounts.

Dear all,
In leave encashment, is there any limit on number of days to be carry forward for the next year?


Thanks in Adv,
A.Rekha

HOW TO VERIFY CASH, F.D. & OTHER RELATED DOCUMENTS WHILE BANK AUDIT

In which cases cash flow statement is mandatory and statutory auditor required to certify it?

Is a statutory auditor required to certify the cash flow statement in a Balance Sheet?

Dear Sir,
what is the ceiling limit for Tax Audits for an auditor?