Question

Format of Accounting report under companies act and Gst act and audit report under gst law.

Answer 1

A. Format of Accounting Report

INDEPENDENT AUDITOR’S REPORT

To the Members of ABC Company Limited

Report on the Audit of the Consolidated Financial Statements

Opinion

Here Auditor give his opinion on the company they audited. About True and fair value or quailified and unquailfied opinion

Basis of Opinion

Here Auditor explain the basisi of Opinion he made

Key Audit Matter

here Auditor mentionthe Key Audit Matters

Responsibilities of Management and Those Charged with Governance for the Consolidated Financial Statements

Here Auditor mention the responsibility of management

Auditor’s Responsibilities for the Audit of the Consolidated Financial Statements

Other Matter

Report on Other Legal and Regulatory Requirements

Place of Signature

For XYZ

Date

Charted accountants/CPA

(Firm Reg No)

Sign

(Name of the Member)

Membership No

B

GST Audit Report

1. - I/We report that the audit for the period ended ……. of ………………(Name and Address of the registered person) having GSTIN ………………. was conducted by me / us M/s. …………………. (Name and address of Chartered Accountants / Cost Accountant) under Section 35 (5) and Section 44 (2) of the Central / State (Name the State or Union Territory) Goods and Services Tax Act, 2017 read with Rule 80 of the Central / State (Name the State or Union Territory) Goods and Services Tax Rules, 2017.

2. - Maintenance of the books of account, records under the GST laws and the financial statements are the responsibility of the registered person. My / Our responsibility is to express a view on the correctness, completeness and accuracy of the returns filed by the registered person based on my / our audit conducted in accordance with the provisions of Section 35 (5) and Sectio ekkarill92 Next > < Previous Related Solutions Businesses may report incorrect amounts of GST if their accounting systems for capturing and recording GST... Businesses may report incorrect amounts of GST if their accounting systems for capturing and recording GST information fail. Explain four reasons why an accounting information system may fail to correctly deal with GST taxable transactions.(Explain the key features of financial legislation relating to taxable transactions and reporting requirements). Discuss the need for the audit report. Explain why and how the format of the audit... Discuss the need for the audit report. Explain why and how the format of the audit report changed starting with the reports issued in 2017. Explain in detail. Create an audit report showing the results from the audit in an acceptable format Create an audit report showing the results from the audit in an acceptable format The Companies Act 2016 repealed the Companies Act 1965 and changed the landscape of company law... The Companies Act 2016 repealed the Companies Act 1965 and changed the landscape of company law in Malaysia. The Companies Act 2016 reformed almost all aspects of company law in Malaysia. Required: By referring to the Companies Act 2016, insert the correct sections in column (A) for each description in column B. 4 Column A Column B Example: Section 3 Corporation refers to any body corporate formed or incorporated or existing in Malaysia or outside Malaysia. Other than companies limited... a) What are key audit matters? How do these affect the format of the audit report?... a) What are key audit matters? How do these affect the format of the audit report? (2 marks, maximum 200 words) b) Stewart Jones is reviewing the results of the subsequent events audit procedures. Stewart is writing a report for his audit partner based on these results and will be attending a meeting tomorrow with the partner and representatives of the company to discuss them. The issue will be whether the financial report should be amended, or additional notes included... a) What are key audit matters? How do these affect the format of the audit report?... a) What are key audit matters? How do these affect the format of the audit report? ( maximum 200 words) b) Stewart Jones is reviewing the results of the subsequent events audit procedures. Stewart is writing a report for his audit partner based on these results and will be attending a meeting tomorrow with the partner and representatives of the company to discuss them. The issue will be whether the financial report should be amended, or additional notes included for... What are key audit matters? How do these affect the format of the audit report? Explain... What are key audit matters? How do these affect the format of the audit report? Explain the effect of the misstatement on the auditor’s report and the audit opinion in each scenario stated below: (i) You have completed the audit of Saibal Resort Ltd (Saibal Resort) for the year ended 30 June 2015. The audit partner suggested that the value of properties on the West Coast were overstated by $16 million, a figure which was twice the level of materiality... The audit report was recently expanded from the previous six paragraph format. The new format includes... The audit report was recently expanded from the previous six paragraph format. The new format includes a section on key audit matters. This was an attempt to narrow the expectations gap. Discuss the expectations gap and whether you think the new audit report is likely to have any significant effect. The audit report was recently expanded from the previous six paragraph format. The new format includes... The audit report was recently expanded from the previous six paragraph format. The new format includes a section on key audit matters. This was an attempt to narrow the expectations gap. Discuss the expectations gap and whether you think the new audit report is likely to have any significant effect. The audit report was recently expanded from the previous six paragraph format. The new format includes... The audit report was recently expanded from the previous six paragraph format. The new format includes a section on key audit matters. This was an attempt to narrow the expectations gap. Discuss the expectations gap and whether you think the new audit report is likely to have any significant effect. ADVERTISEMENT Subjects Accounting Advanced Math Anatomy and Physiology Biology Chemistry Civil Engineering Computer Science Economics Electrical Engineering Finance History Math Mechanical Engineering Operations Management Physics Psychology Statistics and Probability Nursing Other ADVERTISEMENT Latest Questions QUESTION THREE Sally has decided to go into business to make and sell organic, home-made playdough... What is the pricing strategy of the heinz ketup and justify why the company is using... Holly Springs, Inc. contracted with Coldwater Corporation to have constructed a custom-made lathe. The machine was... You have just learned that you will have three students with disabilities in your classroom. List... Calendars imprints calendars with college names. The company has fixed expenses of $ 1 comma 065... The daily intake of calcium was measured (in milligrams) from a random sample of 16 women... Mount Alberta in Jasper National Park, Alberta, has an elevation of 3620 m above sea level.... ADVERTISEMENT About @ 2020 WizEdu