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Detailed explanation of each & every topic of AUDIT for better understanding

Questions › Author "bijaybabubanstolagmail-com"
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Why is tax audit report of Insurance Co given in 3CB although it is audited as per Companies Act?
Bijay Babu BanstolaBijay Babu Banstola asked 4 years ago • 
1559 views1 answers0 votes
expressing-opinion-based-on-fair-presentation-frame-work-or-compliance-frame-work
Bijay Babu BanstolaBijay Babu Banstola asked 4 years ago • 
1008 views2 answers0 votes
What is the logic behind considering partly paid forfeited shares re-issued as fully paid as an allotment at discount? If such re-issue as fully paid share is done where the sum of amount paid by earlier owner and re-issue amount is equal to or more than the Face Value, will it yet be considered as a issue at discount? If yes, what is the logic?
Bijay Babu BanstolaBijay Babu Banstola asked 5 years ago • 
806 views1 answers0 votes
Is the clause applicable for non cash transactions for service received or provided & expenses to be charged to profit & loss account?
Bijay Babu BanstolaBijay Babu Banstola asked 6 years ago • 
867 views1 answers0 votes
Is Clause XVI only applicable for NBFC with Net owned Fund 2 Crores or more OR to every entity with Net owned Fund 2 crores or more?
Bijay Babu BanstolaBijay Babu Banstola asked 6 years ago • 
796 views1 answers0 votes
Is the Clause XV applicable only for acquisition of asset or for all transactions including sales, purchases, services etc?
Bijay Babu BanstolaBijay Babu Banstola asked 6 years ago • 
719 views1 answers0 votes
How is the reporting done for delay of more than 6 months for irregular payment, and reporting for less than 6 months for both regular and irregular payments?
Bijay Babu BanstolaBijay Babu Banstola asked 6 years ago • 
788 views1 answers0 votes
Whether the delay in depositing over 6 months has to be reported only for regular payment or for both regular and irregular? If there is delay in depositing the dues but has been deposited before the end of last day of F/Y How shall it be recorded?
Bijay Babu BanstolaBijay Babu Banstola asked 6 years ago • 
760 views1 answers0 votes
Delay in depositing dues for period of 6 months but deposited before last day of F/Y. How is the case reported in CARO
Bijay Babu BanstolaBijay Babu Banstola asked 6 years ago • 
755 views1 answers0 votes
In case of Statutory Dues which is not a Regular Payment in nature and default has been made in their payment, what are matter to be reported under CARO? In case of Default for less than 6 months, whether such default is reported or not? If yes how. Please Explain in detail.
Bijay Babu BanstolaBijay Babu Banstola asked 6 years ago • 
868 views1 answers0 votes
Is the definition of Small Company u/s 2(85) & CARO different? In the book definition u/s 2(85) is different from that of CARO. If the definition is same what is the Limit of Paid up Capital & T/O?
Bijay Babu BanstolaBijay Babu Banstola asked 6 years ago • 
1138 views1 answers0 votes
Is ''Net Owned Fund'' as per Clause XII and Clause XVI same? If not please Explain.
Bijay Babu BanstolaBijay Babu Banstola asked 6 years ago • 
776 views1 answers0 votes
Clause VIII of CARO, Loan Repayment it states ''repayment'' of ''DUES'' to Debenture Holders. Does the case of Debenture include both Interest & Principle? Also Does it include premium on redemption?
Bijay Babu BanstolaBijay Babu Banstola asked 6 years ago • 
879 views1 answers0 votes
The auditor should take in consideration the loan transaction that have been SQUARED UP under clause III. Please elaborate with meaning of SQUARED UP.
Bijay Babu BanstolaBijay Babu Banstola asked 6 years ago • 
3165 views1 answers0 votes
If a Auditor appointed for a period of 5 AGMs is removed after completion of 3rd AGM will it be u/s 140(1) or 140(4)
Bijay Babu BanstolaBijay Babu Banstola asked 6 years ago • 
892 views1 answers0 votes
Can a preference share holder holding more than 500000 give special notice?
Bijay Babu BanstolaBijay Babu Banstola asked 6 years ago • 
859 views2 answers0 votes
A was auditor of X Ltd for 3 consecutive years and resign. He takes 1 yr break and was again appointed as auditor. Will he be eligible for 1 more year taking the break as continuous year or ineligible taking break as fulfiling requirement of rotation and rotation applibale immediately after the break taken?
Bijay Babu BanstolaBijay Babu Banstola asked 6 years ago • 
894 views2 answers0 votes
How to look the break and the gap with in the consecutive period of 5 years and between two consecutive terms
Bijay Babu BanstolaBijay Babu Banstola asked 6 years ago • 
1094 views2 answers0 votes
A & B are partners in AB & Co. B is partner in charge B, C & D are partners in BCD & Co. B being partner simultaneously just before date of appointment AB & Co. is Rotating firm 1. Just Before date of appointment B resigned from AB & Co and continues only in BCD & Co, is BCD & Co eligible to be Auditor? 2. If in case 1 B was not partner incharge? 3. If BCD & Co. is appointed and after date of appointment B rejoned AB & Co. Will this disqualify BCD & Co.?
Bijay Babu BanstolaBijay Babu Banstola asked 6 years ago • 
1123 views2 answers0 votes
U/S 141(3) – RELATIVE, Is the relation of Relative checked in reference to KMP or CA (one to be appointed as auditor)?
Bijay Babu BanstolaBijay Babu Banstola asked 6 years ago • 
861 views1 answers0 votes
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