Compliances on foreign dealings

1. Genuineness of Services rendered
2. Any Hints for money laundering
3. Revenue Recognition policy
4. Billing system and currency
5. Profit / loss of foreign currency fluctuation
6. Service tax registration
7. Export of service
8. Whether foreign client is our branch then it will not be export of service
9. Test of controls
10. Test of details
11. Memorandum and Articles permit such business
12. Contract by OPC with member to be intimated to ROC Within 15 days.
13. Other Accounting standards
14. Auditing Standards
15. Use of estimates
16. Subsequent events
17. Fixed Asset Register
18. Related Party transaction
19. AS 11 compliance - Monetary and non monetary items requiring adjustment
20. Consistent application of AS - 11

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