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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

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