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first audit problems

sumit maheshwari (Job) (68 Points)

21 September 2007

hi all,

i m sumit .i m artices assistent in a ca firm.

i want 2 know what is the audit tips

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5 Replies

Ravikumar.G (Consultant) (18525 Points)
Replied 21 September 2007

We can't simply say in one sentance. Because auditng is a ocean. We have to gather subject knowledge in Auditing, income tax act, Co's act, Accounting standard and Audit and assurance standard. We have to apply all these in our practical situation.

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CA. Dashrath Maheshwari (TaXpert) (15103 Points)
Replied 21 September 2007

Dear Mr Sumit, I understand the situation but please follow the instructions given by your seniors and principal. The audit tips is depend on the nature of audit work assigned to you/your team. In Tax audit you have to follow taxation rules and in statutory audit you have to follow all the accounting rules, standards etc. For further clarification please write the specific query.

Prakash Popat (3134 Points)
Replied 21 September 2007

Yes We have Jungle of Laws all together,Presently We can not laugh on our foolishness,I APPEALS HEREBY young generations to accept challenge and tell authorities to enacts lacs of such insensible acts and laws,so that your freedom of enjoying life turnout to be killer of your creativities,therefore there is no job satisfaction.
Kindly refer my art.KNOWLEDGE MANAGEMENT,Will throw more light on the subject,ultimately We R putting Hard Efforts for betterments of our KIDS and next Generation,not for giving them painfulness life without adequate Infrastructural facilities,and burden of senseless,non purpose serving acts, rules,circulars etc.

CMA Gul S (Program Manager) (5910 Points)
Replied 28 September 2007

Hi Sumit, All are very correct, It is bigger than a Ocean Seeing the Laws and judiciaries also the way people are trying there best to get best out of everything. Rightly suggested to follow the instructions of the Senior and Wizards