KAMALA EDUCATION SOCIETY’S

PRATIBHA COLLEGE OF COMMERCE & COMPUTER STUDIES

CHINCHWAD-19

REPORT ON AUDIT REPORT

Ref. Audit Report ‘AL-SAFA STEEL TRADERS. - A.Y. 2021-22 ’
Date: 2nd December, 2022
Submitted by : Vishwakarma Dilip Vidyasagar

As a part of fulfilment of M.Com course we have Advance Auditing. Under the Course we have present
Audit Report. Under this report we have present all norm & Provision regarding Audit of the Companies.
Basically Al Safa Steel Trader Add- Gat no -792, Azadnagar, Pawar wasti Chikhali , Pune-411062 &
his Nature of Business “Resale In Iron Scrap & sheet.” Which is come under Form 3CB & Form 3CD
which is prepared by under the sect 44AB of the income tax act 1961 in the case of a person referred to in
clause(b) of sub rule (1) of rule 6G.

There are four member in this firm who’s are the 25% of Partners & equal shareholder. Here this Audit
Report was prepared by the CA MOHAMMED AKBAR SAYYAD Add Kumar Palace, East Street, Camp,
and MG Road Pune. Mr. Sayyad is not only a good Auditor, but also he has a good financial Advisory
Person and his charge fees Rs. 45000 to 72000 annually from Al -Safa Steel trader.

As per the Balance Sheet of the firms we can see that the company has done a business of Rs 1, 83, 86,666
during A.Y 2021-22, after a deduction of the all necessary indirect or direct expenses they have get Gross
Profit from his business Rs 9, 03,237. The 2nd owner of the Firm Mrs. Shaheen Nasim Khan has paid
Income Tax of Rs 12,020 in F.Y. 2020-21.
 KAMALA EDUCATION SOCIETY’S
PRATIBHA COLLEGE OF COMMERCE & COMPUTER STUDIES
CHINCHWAD-19

REPORT ON AUDIT REPORT

Ref. Audit Report of Tata Steel Limited. - A.Y. 2021-22 ’
Date: 2nd December, 2022
Submitted by : Abhishek Mangesh Katkar

As a part of fulfilment of M.Com course we have Advance Auditing. Under the Course we have present
Audit Report. Under this report we have present all norm & Provision regarding Audit of the Companies.
Basically Tata Steel Ltd Add- Bombay House, 24, Homi Modi Street, Fort, Mumbai 400001 & his
Nature of Business “Production of Steel” Which is come under Form 3CB & Form 3CD which is prepared
by under the sect 44AB of the income tax act 1961 in the case of a person referred to in clause(b) of sub rule
(1) of rule 6G.

There are four member in this firm Price Waterhouse & Co Chartered Accountants who’s are the 25% of
Partners & equal shareholder. Here this Audit Report was prepared by the CA Russel I Parera Add 26, SG
complex, Gandhi Road, Mumbai. Mr. Parera is not only a good Auditor, but also he has a good financial
Advisory Person and his charge fees Rs. 45000 to 72000 annually from Tata Steel Ltd.

As per the Balance Sheet of the firms we can see that the company has done a business of Rs 8336.51
Crores during A.Y 2021-22, after a deduction of the all necessary indirect or direct expenses and taxes they
have got Net Profit from his business Rs 1,815.78 Crores. The company results reflects total assets of Rs.
37,364.59 Crores and net assets of Rs. 24,664.20 Crores.
P-1 BUSINESS FINANCE IMPORTANT QUESTION FOR EXAM

1. Time value of money important and scope of business finance in today era.
2. Co-operative securities and financing
3. Sources of short term finance (https://youtu.be/R4N8g3rny1c
4. Capitalization ( causes or measure of over & under capitalizations) nb
(https://youtu.be/p5ESqT_6YvE
5. Ownership securities & financing (https://youtu.be/jmy8CKJoF8I
6. Importance of working capital Management (https://youtu.be/maF024vY1es.
7. Relevance and irrelevance theory of dividend (https://youtu.be/OyWS3Hrkdzk.

P-2 RESEARC & METHODOLOGY

P-3 ADVANCE AUDITING

P-4 SPECIAL AUDITNG

Imp questions of SA ( minal mam ) ( ANY5)
1. tax audit
2 .audit under Gst
3. co operative soc
4.multi state co operative soc.
5.bank audit
6 characteristic of bank audit
7 .audit for scrunity procedure of P/ L ITEM
8 audit for scrunity procedure of BALANCE SHEET ITEM
9 TO WHOM audit under gst is compulsory
10.TO WHOM audit under tax audit is compulsory
P-1 BUSINESS FINANCE IMPORTANT QUESTION FOR EXAM

8. Time value of money important and scope of business finance in today era.
9. Co-operative securities and financing
10. Sources of short term finance (https://youtu.be/R4N8g3rny1c
11. Capitalization ( causes or measure of over & under capitalizations) nb
(https://youtu.be/p5ESqT_6YvE
12. Ownership securities & financing (https://youtu.be/jmy8CKJoF8I
13. Importance of working capital Management (https://youtu.be/maF024vY1es.
14. Relevance and irrelevance theory of dividend (https://youtu.be/OyWS3Hrkdzk.

P-2 RESEARC & METHODOLOGY

P-3 ADVANCE AUDITING

P-4 SPECIAL AUDITNG

Imp questions of SA ( minal mam ) ( ANY5)
1. tax audit
2 .audit under Gst
3. co operative soc
4.multi state co operative soc.
5.bank audit
6 characteristic of bank audit
7 .audit for scrunity procedure of P/ L ITEM
8 audit for scrunity procedure of BALANCE SHEET ITEM
9 TO WHOM audit under gst is compulsory
10.TO WHOM audit under tax audit is compulsory