shrinaath i hope that ur voice will b reached at the ca institute,,,!!!
How was the AUDIT today??
Page no : 3
Aravind..
(CA)
(1262 Points)
Replied 06 May 2010
sec.226 disqualified these category only for ensuring independence of auditor.
as he has paid back the debt before his appointment, he will not have any prejudice in audting the accounts thereafter.
hence the appointment is valid.
Shrinaath Paravasthu
(Articles)
(62 Points)
Replied 06 May 2010
EVERY THING SUBJECT TO INTERPRATATION
chetan jain
(cj)
(203 Points)
Replied 06 May 2010
but aravind in starting it is also written that "y is appointed as an auditor for the year ended 31.3.2009"
agar aisa h then auditor can have prejudicial interest in the work done before the appointment date of 16.08.2008...!!
so iske baare mai kuch bhi clearly co's act mai nai likha h...!!!
Whizkid
(student)
(640 Points)
Replied 06 May 2010
Srinaath...i also wrote de same ans lik u...:(( wrong eh...:(
Pradeep Patankar
(IFRS ( London))
(289 Points)
Replied 06 May 2010
yes its VAILD.....
for disqualification u/s 226(3) Indebtness of Rs.1001 n more at the time of appointment or for further disqualification anytime during the course of Audit......
not before appointment....
chetan jain
(cj)
(203 Points)
Replied 06 May 2010
plz stop everyone makin their permutation n combination on disqualification...!!!
sree
( Article assistant )
(2285 Points)
Replied 06 May 2010
| Originally posted by : silent Heart | ||
 |
Dear Sir i want to PE 2 audit paper information not a IPCC |
 |
PE2 was reasonable good but no choice ... but i dide preform that ge8 ... lets see
Whizkid
(student)
(640 Points)
Replied 06 May 2010
hey..Chetan...tht point is rite....so his he disqualified kya....?
Shrinaath Paravasthu
(Articles)
(62 Points)
Replied 06 May 2010
wat abt d overvaluation of stock and understatement of liability .
auditor responsible or not
Aravind..
(CA)
(1262 Points)
Replied 06 May 2010
chetan gud question.
but simple logic.
as he has paid back the debt, he will be independent for the first part of the year also.
Aravind..
(CA)
(1262 Points)
Replied 06 May 2010
chetan gud question.
but simple logic.
as he has paid back the debt, he will be independent for the first part of the year also.
Whizkid
(student)
(640 Points)
Replied 06 May 2010
how ll de auditor be respo for overvaln of comp stock...wht justificctn did u guys give..?
Whizkid
(student)
(640 Points)
Replied 06 May 2010
whts the ans's for all true or false..!? can anyone write order wise..!? for qn 1(i) to (x)..??
ABIR KUMAR DEB
(Student-CA FINAL(New))
(153 Points)
Replied 06 May 2010
Aravid ! u r SPOT ON. Its a perfectly valid appoinement
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