Forums
Company audit (disqualification of an auditor)
Auditing
answered on 26-Jun-20 18:37
Sir, it is told that An auditor can be a debtor of the company if the transaction made at armslenght.. Similarly whether Supplier can also be an auditor if the transaction is made at lrms length?? I got little confused with the example told by the faculty In the module. But in the exemption paragraph It is mentioned about the armslenght trancation So i think An audtior could also be a supplier.. Please tell mr am i right or not...
latest answer
Sec 141(3) refers to business relationship The term â??business relationshipâ?? has been defined under the Companies (Audit and Auditors) Rules, 2014.[vii] It says that a business relationship includes any transaction entered into for a commercial purpose except professional services by auditor permitted by ICAI or transactions in ordinary course of business like sale of goods Auditor has to be a practicing CA and if a member of ICAI has to be practicing, he or she cannot do any other business, hence an auditor can only be supplier of professional services permitted by ICAI, which are permitted as first exception. If auditor is into any other business of supplying any other goods or services
Sakthi Praveen
CA Inter
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842
Joint life policy
Accountancy
answered on 26-Jun-20 13:21
When partner died after claiming a insurance he is still liable then what there do and what will effect in balance sheet
latest answer
When a partner dies, the amount received from the insurance company will be credited to the Joint Life Policy Account, the balance on this account is then transferred to the capital accounts of partners (including the deceased partner) in the profit- sharing ratio.
Jashwanth S
CMA Inter
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1
729
Disqualification of auditor
Corporate & Other Laws
answered on 26-Jun-20 11:26
If relative of auditor purchase shares in subsidiary company of face value 90000. Auditor will be disqualified or not??
latest answer
Auditor is not disqualified since a relative can hold security of amount not exceeding fv 1,00,000. In simple words a relative can hold security worth upto fv 100,000
Sunita Gupta
CA Inter
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1
723
Account current
Accountancy
answered on 26-Jun-20 09:48
On attachment the number of days calculated on 01.07.16 is 184 how????
latest answer
Thank u
Gowshika LT
CA Final
★ 40K+
2
651
Esop accounts
Accountancy
answered on 27-Jun-20 13:53
In this question please tell the use of fair value and market value. This is nov 19 question.
latest answer
Thanks
Amit Verma
CA Final
★ 510
8
700
CMA inter
Others
answered on 26-Jun-20 15:57
Sir I have bought individual module of IFOS all the concepts are very well explained! But there is no video for sums??
latest answer
We have covered a few examples and illustrations. However full fledged problems are covered as part problems on Gross Total Income
Meenakshi R
CMA Final
★ 0
1
660
Employee cost
Costing
answered on 26-Jun-20 16:48
Sir Taylor's differential piece rate system and Merrick's piece rate system is there in our syllabus..
latest answer
We will check this. Pls ignore the respective topics.
abhishek kapale
CA Inter
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3
867
Devices to view
Others
answered on 25-Jun-20 13:32
Can I stream on my phone and laptop at the same time?
latest answer
Yes. You can. However you should use only one phone and one laptop / desktop. Secondly, if we trace any attempt to share user ID we shall block without refund
sindhu nivas
CA Final
★ 220
4
811
Regarding classes in laptop
Others
answered on 25-Jun-20 13:19
Hello sir, I bought classes for both the groups of CA inter and I'm able to watch in my mobile phone app but when I logged in with my email ID in laptop I was unable to see. Can you please let me know how to do?
latest answer
OK thank you sir
tanuku nagarani
CFA L1
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2
674
Individual modules
Others
answered on 25-Jun-20 10:47
What is the last date for individual modules sale?
latest answer
Till exams
lakshmi kollipara
CA Inter
★ 1K+
1
641