a person holding one prefrence share of a company. can become the auditor for that company?
6 Replies
rakesh kalani
(Article assistant)
(88 Points)
Replied 25 August 2008
No, A person holding any security of the company cant be appointed as statutory auditor as per company act .
khushboo
(CA Final)
(53 Points)
Replied 27 August 2008
Plz tell me hw to conduct audit of prepaid expenses
Rushikesh
(Chartered Accountant - Manager Finance)
(2375 Points)
Replied 27 August 2008
Check teh nature and context of the expenses, teh relevant supportings, the appropriate approvals, the borad meeting resolutions in case of companies , the period over which they are to be spread. The amount whetehr its correctly. The accounting heads.
khushboo
(CA Final)
(53 Points)
Replied 31 August 2008
| Originally posted by :Rushikesh | ||
| " | Check teh nature and context of the expenses, teh relevant supportings, the appropriate approvals, the borad meeting resolutions in case of companies , the period over which they are to be spread. The amount whetehr its correctly. The accounting heads. | " |
hey thanks
khushboo
(CA Final)
(53 Points)
Replied 31 August 2008
I,m at present doing an audit of a company which purchases goods from india and export it outside. they r not manufactures. i want to knw hw do i value closing stock as on 31st March, when there r so many factors like freight, loding an unloding chgs , service charges etc........ Plz help me. They maintain their books on Tally .
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