Does anyone have a checklist on Secretarial Audit, Please share?
Also, whether quarterly secretarial Audit report is mandatory?
audit
secretarial
checklist
Is Audit Committee approval required for a transaction between Holding Company & WOS even if the transaction is at arm's length & in the ordinary course?
Turnover of Public Company is Rs.260 cr.
After deduction of Discounts of Rs.30 cr., the turnover comes down to Rs.230 cr.
Is Secretarial Audit Applicable? Are we supposed to consider turnover before discount or after deducting discount since the definition of turnover says "gross revenue recognized in P&L"?
audit
secretarial
applicability
Turnover of Public Company is Rs.260 cr.
After deduction of Discounts of Rs.30 cr., the turnover comes down to Rs.230 cr.
Is Secretarial Audit Applicable? Are we supposed to consider turnover before discount or after deducting discount since the definition of turnover says "gross revenue recognized in P&L"?
audit
secretarial
applicability
An assessee had filled his return of income for AY 2017-18 declaring income u/s 44AD. In AY 2018-19, his turnover was more than Rs. 1 crore and get his books of account audited by declaring income @ 6.3%. In AY 2019-20, his total turnover was Rs. 2497000/- and all of the receipts were by the bank. Declared profit @ 6.28%. He had received around Rs. 1,48,000/- as an interest income (Income from Other sources). Loss from House property was (Interest on Housing Loan - Rs. 1,22,000/-).
His Gross total income comes to below the basic exemption limit of Rs. 2,50,000/- after set-off of loss from house property. In this case, does he need to get audited his books of accounts as he was not eligible to opt-in u/s 44AD and total turnover was below 1 crore, declared income less than 8% (But More than 6% as turnover was through banking channel) and Gross total income was below Rs. 250000 after set-off of loss from house property and before claiming deduction under chapter VI.?
can a CA become a partner in an audit firm in India and at the same time can hold the proprietorship of Audit Firm in Nepal Under ICAN Act (Nepal). Any obligation for continuing as a member of ICAI & ICAN at the same time, whether possible or not?
How will the CPE obligation be fulfilled in such a case ?
Unlisted Public Companies are required to submit a Reconciliation Capital Audit Report to ROC.
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audit
capital
reconciliation
A Private Limited Company has filed e form ADT-1 in respect of the appointment of a Proprietory firm of Chartered Accountant on 3rd October 2015.
The CA firm has now informed the company that there is the change in the Constitution of their firm and w.e.f 01.04.2016 it has become a Partnership firm with a new Income Tax Pan Number. Should the company now file a fresh ADT -1? If so effective from which date? Please clarify
auditor
appointment
Auditor or Audit firm can be appointed for less than 5 years? can a company appoint auditor firm for 3 years instead of 5 years?
Click here to view / answer Share it onWhether AOC-1 need to signed by the Auditors of the Company?
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What is the status of First Auditor who is appointed by the Board beyond the time limit of 30 days as per 139(6)?
Inadvertently, shareholders, approval is not taken. ADT 1 has been filed and approved as well.
Is it better to convene an EGM to ratify the same? Or can it be ignored?
If a Company falls under the provisions of Section 139 (2) and the tenure of its Statutory Auditors ("Audit Firm") is to be completed on 31.03.2020. Now, the said Audit Firm is in process to convert itself into LLP with new Partners. Can the newly consituted LLP be appointed as Statutory Auditor of the Company for the next 5 years.
