Is it possible to carry on both tax and statutory audit for an organisation?

2.Whats is the major issues to be considered to carry on a.Tax audit
b.Statuory audit?
C.Sample of audit report?

what are the major aspects which we must go through while do auditing of a Private Limited CO.?

I would like to know what will be the tax audit limit for doctors who are selling medicines as well. Especially Homeo / Ayurvedic Doctors where sometimes over 50% of receipts can be from sale of medicines. The medicines may have been manufactured by themselves or made on jobwork or may be purchased.

Will the limit be Rs.10 L on gross receipts including sale of medicines or should it be considered seperately as has been given in GN for Tax Audit issued by ICAI.

Also, let me know if there are any circulars/notifications/case laws on the above matter

Thanks & Regards,
Rahul

Dear sir

is there any format for end use audit report?
if yes please provide me

Respected Sir

A Partnership firm has paid FBT for FY 2008-09 Amt Rs.80,000.00.The firm donot make prov for such lablty.FBT is paid in FY 2009-10 how should i Adjust in books of ac ie Tally.

Regards

DEAR ALL

WHAT IS THE MEANING OF WHOLESALERS AND RETAILERS AND HOW WE IDENTIFY THIS BUSINESS IS RETAIL AND THIS BUSINESS IS WHOLE SALE PLEASE TELL

THANKS IN ADVANCE

DEAR SIR/ MADAM

AN ASSESSEE WAS DOING DURING THE YEAR 2008-09 36,00,000 AND HE WAS OFFERED NET PROFIT 61,000 N.P. RATIO IS 1.69 HE IS COVERED UNDER SECTION 44AB OR NOT

TAX AUDIT MEANS ONLY TURNOVER ABOVE 40LAKHS OR TURNOVER ABOVE 40LAKHS BUT N.P. RATIO IS BELOW 5% WHAT IS CORRECT. PLEASE TELL

THANKS IN ADVANCE

Sir,can u provide me the check list for tax and statutory audit urgently in detail.

Dear Sir/Madam,


I have read the AAS 12 carefully and many thanks for your help!
You have done a really excellent and considerately great job.

I found from some internet source that, "In India, public sector companies
and banks have joint audits. The concept of a joint audit - where more
than one firm audits the financials - is not popular globally and of the
G20 countries is only practiced by France."

However,
(1)how can we define a company falls into the category of "public sector companies"? Is there any official list of "public sector companies"?

(2)And I was puzzled some of the companies employing joint auditors are not
banks and they are private in ownership.

Since joint auditors are generally more costly..It's really strange.

Why these private in nature(ownership)listed companies choose to employ joint auditors (rather than one audit firm), since they are not required must to do so by law?


So deeply thanks and looking forward to your quick reply.


Yours sincerely,
Daisy

can an Auditor take advance payment of his statutory audit fees?

If yes wouldn't he activates provisions of section 226(3)?...