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AAS 1 AAS 2 AAS 3 AAS 4 AAS 5 AAS 6 AAS 7 AAS 8 AAS 9 AAS 10 AAS 11 AAS 12 AAS 13 AAS 14 AAS

15 AAS 16 AAS 17 AAS 18 AAS 19 AAS 20 AAS 21 AAS 22 AAS 23 AAS 24 AAS 25 AAS 26 AAS 27 AAS 28 AAS 29 AAS 30 AAS 31 AAS 32 AAS 33 AAS 34

BASIC PRINCIPLES GOVERNING AN AUDIT OBJECTIVE AND SCOPE OF THE AUDIT OF FINANCIAL STATEMENTS DOCUMENTATION THE AUDITOR'S RESPONSIBILITY TO CONSIDER FRAUD AND ERROR IN AUDIT OF FINANCIAL STATEMENTS AUDIT EVIDENCE RISK ASSESMENT AND INTERNAL CONTROLS RELYING UPON THE WORK OF THE INTERNAL AUDITOR AUDIT PLANNING USING THE WORK OF AN EXPERT USING THE WORK OF ANOTHER AUDITOR REPRESENTATIONS BY MANAGEMENT RESPONSIABLITY OF JOINT AUDITORS AUDIT MATERIALITY ANALYTICAL PROCEDURES AUDIT SAMPLING GOING CONCERN QUALITY CONTROL FOR AUDIT WORK AUDIT OF ACCOUNTING ESTIMATES SUBSEQUENT EVENTS KNOWLEDGE OF THE BUSINESS CONSIDERATION OF LAWS AND REGULATIONS IN AN AUDIT OF FINANCIAL STATEMENTS INITIAL ENGAGEMENTS - OPENING BALANCE RELATED PARTIES AUDIT CONSIDERATIONS RELATING TO ENTITIES USING SERVICE ORGANISATIONS COMPARATIVES TERMS OF AUDIT ENGAGEMENT COMMUNICATIONS OF AUDIT MATTERS WITH THOSE CHANGED WITH GOVERNANCE THE AUDITOR'S REPORT ON FINANCIAL STATEMENTS INFORMATION SYSTEMS ENVIRONMENT EXTERNAL CONFIRMATIONS ENGAGEMENTS TO COMPILE FINANCIAL INFORMATION ENGAGEMENTS TO PERFOM AGREED UPON PROCEDURES REGARDING FINANCIAL INFORMATION ENGAGEMENT TO REVIEW FINANCIAL STATEMENT AUDIT EVIDENCE - ADDITIONAL CONSIDERATION FOR SPECIFIC ITEMS

AS 1 AS 2 AS 3 AS 4 AS 5 AS 6 AS 7 AS 8 AS 9 AS 10 AS 11 AS 12 AS 13 AS 14 AS 15 AS 16 AS 17 AS 18 AS 19 AS 20 AS 21 AS 22 AS 23 AS 24 AS 25 AS 26 AS 27 AS 28 AS 29

DISCLOSURES OF ACCOUNTING POLICIES VALUATION OF INVENTORIES CASH FLOW STATEMENT CONTINGENCIES AND EVENTS OCCOURING AFTER BALANCE SHEET DATE NET PROFIT OR LOSS FOR THE PERIOD, PRIOR PERIOD ITEMS AND CHANGE IN ACCOUNTING POLICIES DEPRECIATION ACCOUNTING CONSTRUCTION CONTRACTS Omitted REVENUE RECOGNITION ACCOUNTING FOR FIXED ASSETS EFFECTS OF CHANGES IN FOREIGN EXCHANGE RATES ACCOUNTING FOR GOVERNMENT GRANTS ACCOUNTING FOR INVESTMENTS ACCOUNTING FOR AMALGAMATIONS ACCOUNTING FOR RETIREMENT BENEFITS IN THE FINANCIAL STATEMENTS OF EMPLOYERS BORROWING COSTS SEGMENT REPORTING RELATED PARTY DISCLOSURER ACCOUNTING FOR LEASES EARNINGS PER SHARE CONSOLIDATED FINANCIAL STATEMENTS ACCOUNTING FOR TAXES ON INCOME ACCOUNTING FOR INVESTMENTS IN ASSOCIATES IN CONSOLIDATED FINANCIAL STATEMENTS DISCONTINUING OPERATIONS INTRIM FINANCIAL REPORTING INTANGIBLE ASSETS FINANCIAL REPORTING OFINTREST IN JOINT VENTURE IMPAIRMENT OF ASSETS PROVISIONS,CONTINGENT LIABLITIES AND CONTINGENT ASSETS

NANA PATEKAR ASK (HER) FRIEND SHILPA SHETTY ABOUT C. A. PROFESSION (IN) EN U. S. 1

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NANA PATEKAR ASK (HER) FRIEND SHILPA SHETTY ABOUT C. A. PROFESSION (IN) EN U. S. SCHEDULE I -- PART - I IF HE ALLOWS ANY PERSON, OTHER THEN HIS C.A. PARTNER OR EMPLOYEE TO PRACTICE IN HIS NAME AS A CHARTERED ACCOUNTANT IN PRACTICE AND IS IN PARTNERSHIP WITH HIMSELF IF HE PAYS ANY SHARE IN HIS PROFESSIONAL FEES OR PROFITS FROM PROFESSIONAL BUSINESS OR PAYS COMMISSION OR BROKERAGE TO A NON-MEMBER OR A PERSON OTHER THEN PARTNER, RETIRED PARTNER OR LEGAL REPRESENTATIVE OF DECEASED MEMBER. IF HE ACCEPTS PART OF PROFITS OF PROFESSIONAL WORK OF A LAWYER, AUCTIONER OR OTHER AGENT WHO IS A NON-MEMBER, WHERE MEMBERS ARE REQUARED TO WORK WITH LAWYER, ENGINEERS AND OTHER PROFESSIONALS, THERE SHOULD NOT BE ANY SHARING OF FEES OR PROFITS IN SUCH ASSIGNMENTS IF HE ENTERS INTO PARTNERSHIP WITH A PERSON OTHER THAN A CA IN PRACTICE OR A PERSON RESIDENT OUTSIDE INDIA WHO BUT FOR HIS RESIDENCE ABROAD WOULD BE ENTITLED TO BE REGISTERED AS A MUMBER UNDER SEC 4(1)(V) OR WHOSE QUALIFICATIONS ARE RECOGNISED BY CENTRAL GOVT. OR THE COUNCIL FOR THE PURPOSE OF PERMITTING SUCH PARTNERSHIPS PROVIDED THAT THE CA SHARES IN FEES AND PROFITS OF BUSINESS BOTH WITHIN AND OUTSIDE INDIA. IF HE SECURES ANY PROFESSIONAL BUSINESS THROUGH ANY AGENCY OR OTHER MEANS NOT OPEN TO A CA. IF HE SOLICITS CLIENTS OR PROFESSIONAL WORK, DIRECTLY OR INDIRECTLY THROUGH ADVERTISEMENT, CIRCULAR , INTERVIEW ETC. IF HE ADVERTISE HIS PROFESSIONAL ATTAINEMENTS OR SERVICES OR USES ANY DESIGNATION OTHER THAN CA EG TAX CONSULTANT, BUT USE OF DEGREE OF UNIVERSITY OR TITLE INDICATING MEMBERSHIP OF OTHER INST. REGONISED BY THE C.G OR BY THE COUNCIL(EG CS,ICWA) IS ALLOWED.

PROFESSION UNDER FEES SIGNATURE

SCHEDULE II -- PART - I 1 If he discloses any information in relation to client, to person other than client ,without the consent OF client or otherwise than as required by law 2 If he certifies or submits in his name a report OF an examination OF financial statements unless such examination has been made by + him or his partner or his employee under his supervision or another ca in practice (joint audior) 3 if he permits his name or the name OF his firm to be used in connection with the estimate OF earning contingent upon future transactions+ in a manner which may lead to belief that he vouches for the accuracy OF forcast. 4 if he expresses his opinion on financial statements OF any enterpirse in which he, his firm or a partner in his firm, has a substantial interest + unless he discloses the interest in his report. 5 if he fails to disclose material fact known to him which is not disclosed in the financial statements + where disclosure of such fact is necessary to make the financial statements not misleading. 6 if he fails to report a material misstatement appering in a financial statement + and of which he has knowledge. 7 if he is grossly negligent in the conduct of his professional duties. 8 if he fails to obtain sufficient information to warrant the expression of an opinion + or his exceptions are sufficient material to negate the expression of an opinion. 9 if he fails to invite attention to any material departure + from generally accepted audit procedures applicable to the circumstances. 10 if he fails to keep moneys of his client in a separate banking account + or to use such moneys for intended purpose or as per instructions of client.

SERVICE TAX
SEC 65 65A 66 67 68 69 70 73 74 75 76 77 78 82 84 85 86 Rules 4 4A 4B 5 6 7
7A

HEADING Defination Calassification of taxable services Charge of service tax value of taxable service payment of service tax Registration Return Recovery of Service Tax Rectification of mistake Interest on delay(13%) Failure to pay S.T. General Penalty Supressing value of Taxable service Search Revision Appeal to Commissioner(Appeal) Appeal to Tribunal Description Registration Invoice by Service Tax Distributor Issue of Consignment note Maintenance of Record Payment of Service tax Returns Return by goods transport operators Form of appeal to commissioner appeal Form to appeal to app tribunal

FORMS

ST-1 ST-2 ST-3 ST-3A ST-4 ST-5 ST-6 ST-7 Rules 3 4 5


%

8 9

15 25 30 40 40 50 60 60 67 67 90

TAX
FORMS

Application for Registration Certificate of Registration Return Memoranda return Appeal to Comm(Appeal) Appeal to Tribunal App to Tribunal by commissioner by dept.
EXPORT OF S.T. RULES 2005

Export of taxable service Export without payment of S.T. Rebate of S.T.


NAME OF SERVICE

Custom house agent in case of turkney proj. goods transport agency pandal or shamiyana cont. convention service with catering mandap keeper with hotel & catering outdoor caterer also provide food Rent a cab schme operator Tour operator Construction Erection, commissioning,installation Tour opeartor only booking accomodation

Central Excise Act-1944


Rule-3 Rule-4 Rule-5 Rule-6 Rule-7 Rule-8 Rule-9 Rule-10 Rule-11 Rule-12 Rule-15 Rule-16 Rule-16A Rule-16B Rule-16C Rule-17 Rule-18 Rule-19 Rule-20 Rule-21 Rule-22 Rule-23 Rule-24 Rule-25 Rule-26 Rule-27 Rule-28 Rule-29 Rule-30 Rule-31

Central Excise Act-1944


Appointment & Jurisdiction Duty payable on removal Date of determination of duty & tariff Valuation Assessment of Duty Provisional Assessment Manner of Payment Registration (Read with Sec-6) Daily stock Account Goods to be removed on Invoice Filing of return Special procedure for payment of duty(Compounded Levy Scheme) Credit of duty on goods brought to factory Removal of goods for Job Work Removal of goods for Semi finished goods Removal of goods Finished Gooods Removal of goods by 100% EOU to DTA Rebate of Duty Export without Payment of duty Warehousing Remission of Duty Access to Registered primises Power to Stop & Search Power to Detain & Search Confiscation & Penalty Penalty for Certain Offences General Penalty Confiscated property to vest in CG Disposal of confiscated goods Storage Charges in respect of goods confiscated & redeemed Power to issue Supplementry instructions

Group

Directors Constitution of BOD Minimum No. of Directors Subscribers to memorandum deemed to be directors Appointment of directors and proportion of those who are to retire by rotation Ascertainment of directors retiring by rotation and filing of vacancies Right of persons other than retiring directors to stand for directorship Right of co. to increase or reduce the no. of directors Increase in no. of directors to require CG sanction Additional directors Filling of casual vacancies among directors Appointment of directors to be voted on individually Consent of director to be filed with co. & ROC Option to co. to adopt proportional representation for the app. of directors

252 254 255 256 257 258 259 260 262 263 264 265 270 274

Time within share qualification is to be obtained and max. amount there of Disqualification of Directors Restrictions on No. of Directorships 275 No person to be a director of more than 15 Co. 276 Choice to be made by director of more than 15 co. at commencement of act 277 Choice to be made by director of more than 15 co. after commencement of act 278 Exclusion of certain directorships for the purpose of sec 275,276 & 277 283 Vacation of office by directors 284 Removal of directors Meetings of Board 285 Board to meet at lease once in every 3 calendar months 286 Notice of meetings 287 Quorum for meetings 288 Procedure when meeting adjourned for want of quorum 289 Passing of resolutions by circulation 290 Valadity of acts of directors Board's powers and restrictions thereon 291 General poers of board 292 Certain poers to be excercised by board only at meeting 292A Audit committee 293 Restriction on power of board Political Contributions 293A Prohibitions and restrictions regarding political contributions 293B Power of board and other persons to make contributions to NDF,etc Appointment of Sole Selling Agents 294 Appointment of SSA to require approval of co. in GM 294A Prohibition of payment of compensation to SSA for loss of office in certain cases 294AA Power of CG to prohibit the appointment of SSA in certain cases Loans to directors, procedure when director interested 295 Loans to directors etc 296 Application of sec 295 to book debts in certain cases 297 Board's sanction to be reqd. for certain contracts in which directors are interested 299 Disclosure of interests by directors 300 Interested director not to participate or vote in Board's proceedings Remuneration of directors 309 Remuneration of directors 310 Provision for increase in remuneration to require CG approval 312 Prohibition of assignment of office by directors

313 314

Appointment and term of office of alternate directors Directors etc not to hold office or place of profit

WAREHOUSING ALB-PPC-POMP-RCC-AGGC Section Sec-57 Sec-58 Sec-59 Sec-60 Sec-61 Sec-62 Sec-63 Sec-64 Sec-65 Sec-66 Sec-67 Sec-68 Sec-69 Sec-70 Sec-71 Sec-72 Sec-73

WAREHOUSING ALB-PPC-POMP-RCC-AGGC Description Appointing of Public Warehouse Licencing of Private Warehouse Warehousing Bond Permission For Deposit of Goods in a Warehouse Period For Which Goods May Remain Warehoused Control Over Warehoused Goods Payment of Rent And Warehouse Charges Owner's Right to Deal With Warehoused Goods Manufacture And Other Operations In Relation to Goods in a Warehouse Power to Exempt Imported Material Used In Manufacture of Goods in Warehouse Removal of Goods From One Warehouse to Another Clearance of Warehoused Goods For Home Consumption Clearance of Warehoused Goods For Exportation Allowance In Case of Volatile Goods Goods Not to be Taken Out of Warehouse Except as Provided by This Act Goods Improperly Removed From Warehouse, etc Cancellation and Return of Warehousing Bond

SEC 12 13 14 15 16 17 18 19 20 21 22 23 24 29 30 31 32 33 34 35 36 37 38 39 40 41 42 44 45 46

HEADING Dutiable Goods Duty on Pilfered Goods Valuation of Goods Date of determination of Rate of duty & Tarriff valuation of Imported goods Date of determination of Rate of duty & Tarriff valuation of Export goods Assessment of duty Provisional assessment Determination of duty where goods consist of articles liable to diff rate of duty Reimportation of goods Goods derelict, wreck etc. Abatement of duty on damaged or deteriorated goods Remission of duty on lost, destroyed or abandoned goods Power to make rules for denaturing or mutilated of goods PROVISIONS RELATING TO CONVEYANCE Arrival of vessels and aircrafts in India Delivery of import manifest or import report Imported goods not to be unloaded from vessel until entry inwards granted Imported goods not to be unloaded unless mentioned in import manifest or import report unloading and loading of goods at approved places only. Goods not to be unloaded or loaded except under supervision of customs officer Restrictions on goods being waterborne Restrictions on unloading and loading of goods on holidays etc. Power to board conveyance Power to requie production of documents and ask questions Export goods not to be loaded on vessel until entry outwards granted. Export goods not to be loaded unless duly passed by proper officer. Delivery of export manifest or export report No conveyance to leave without written order PROVISIONS RELATING TO CLEARANCE OF GOODS