Audit queries [952]

All Resolved Open

khushboo nangalia

07 November 2008 at 11:09

Accounting standard 11

Whether forward exchange contract & options both are covered in AS 11 or only forward contracts are covered

swati

05 November 2008 at 20:02

audit report

Mr X Is proprietor of two business of rice mill .whether two audit report will be prepared or 1? can different a/cing method (Cash or Mercantile) can be applied for these 2 business?

Khushbu

05 November 2008 at 08:32

if long term investments are made in mutual funds, at what amount it will be carried in books.
bcoz as per AS15 long term investments are carried at cost whereas it is difficult to identify cost in case of mutual funds.
whether it is correct to show mutual funds at NAV as on the date of balance sheet with what reason.

Khushbu

05 November 2008 at 08:24

share application money

if any money has been given for purchase of shares but the allotment is still pending, how it will be treated in our books?
whether it will be shown under investments since we have paid money for that or will it be shown as advance since allotment is pending.

Subrahmanyam

04 November 2008 at 20:49

Holding of Security

Does holding of equity or any other security disqualifies a CA for any assignment or only for Audit of any kind

CA Bhaskar Reddy

04 November 2008 at 17:36

internal audit

whether internal auditor is a watch dog or a blood hound as against a statutory auditor is a watch dog only
please explain
thanking you sir

surbhi lohiya

04 November 2008 at 16:10

signing of limited review report

is there any need to get the limited review report signed by both the auditors if the company has a joint statutory auditors.

if yes...is it written anywhere in this context..plz suggest its urgent