What is the importance of Stock Audit, Accounting Audit



What is the importance of Stock Audit, Accounting Audit..

Answer / yogesh

stock audit important because in statutory audit report u/s
227 and under CARO 2003 auditory has to answer whether
their proper system for verification and proper valuation
of the inventories otherwise it will spoil whole purpose of
Financial Statement.

Is This Answer Correct ?    7 Yes 3 No

Post New Answer

More Audit Interview Questions

purchase price of property purchased within last 3 years is to be relied upon not and not on revalued amount for the purpose of loan against properties.

0 Answers  


What should i give answere when interviewer ask me to tell me about your self ? plz reply

5 Answers   Genpact,


Our one Company Profit is 67.61 Lakh, How to Calculate Advance Tax For First Qurter Als?

2 Answers   HP, Karvy,


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.

3 Answers   Accenture,


plz tell me what is the rules of audit how we audit the a/cs book.

4 Answers  






what is trial balance ? how can finalisation the accounts?

2 Answers  


what is statutaru audit??

2 Answers  


Expand---------MPSR

1 Answers  


What is a cheque

33 Answers   Bank Of America, College School Exams Tests,


What do you mean by vouching?

0 Answers  


surrender of shares

1 Answers   ACCS, IVRCL,


What is the importance of Stock Audit, Accounting Audit

1 Answers  


Categories