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Every firms has audit firms to audit their accounts but who
will audit an auditing firm?
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Answer / yash mahendru
Any Chartered Accountant, not employed in that firm and not
a partner of that firm can audit an auditing firm.The audit
is an independent examination of the books of
accounts,therefore a chartered accountant not having any
interest in the Firm can do the audit of that firm.
| Is This Answer Correct ? | 9 Yes | 0 No |
Answer / e.gayathri
any of the chartered accountant can audit an audit firm
| Is This Answer Correct ? | 8 Yes | 2 No |
Answer / n janardhan reddy
Any other chartered Accountant has to audit and give the
Auditors Report and sign the Same. But partner of that firm
cannot sign the Audit Report of his own Firm
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / jyoti chauhan
there is nothing like that to audit our own firm all members
and head of the audit firm has to update its records after
every auditing to any accounts
| Is This Answer Correct ? | 1 Yes | 1 No |
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THIS QUESTION IS RELATED TO PAY ROLLS IF ANY BODY HAS THE FORMULAES IN EXCEL ABOUT PAYROLLS CALUCULATIONS PLS HELP ME OUT
State with reason which account should be debited and which account should be credited in each of the following transactions: 1. Raj commenced business with cash Rs. 5000 2. Bought goods from Kiran for cash Rs. 1000 3. Sold furniture to Ravi on credit Rs. 500 4. Sold goods for cash Rs. 800 5. cash purchases Rs. 600 6. Bought Stamps Rs. 10 7. Withdrew cash from the business for personal use Rs. 1000 8. Paid salary to manager Rs. 500 9. Paid rent to landlord Rs. 200 10. Received commission from Mani Rs. 50 11. Paid for repairing machinery Rs. 30 12. Received cash form Ravi on account Rs. 400 13. Gave loan to Babu Rs. 500 14. Purchased goods from Sachin Rs. 400 15. Opened a bank account with Rs. 1000 16. Charged Mohan Rs. 50 commission for service rendered to him 17. Santosh paid the interest on loan advanced to him 18. Received loan from Manju Rs.10000 19. Office furniture stolen Rs. 500 20. Paid income tax Rs. 5000 21. Paid life insurance premium Rs. 300 22. Allowed discount to Babu Rs. 90 23. Discount received from Santosh Rs. 150 24. Amount charged by bank as bank charges Rs. 30 25. Railway fright paid on machinery purchased Rs. 100
I have had a Accounting experience more than 20 year in General Accounting, Traveling & Tourism, and Air lines. Can I change my Job from Accountant to Auditor- Please give me right advise.
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