Schedule 3 amendments Caro 2020 Stock audit How to audit rental and housekeeping expenses Distinction between financial and non financial assets Articleship experience

Question

Accepted Answer

The question covers various topics related to auditing and accounting.

Schedule 3 amendments refer to changes made in the Companies Act, 2013.
Caro 2020 is the Companies (Auditor's Report) Order, 2020 which outlines the format and content of the auditor's report.
Stock audit involves verifying the physical existence and valuation of inventory.
Auditing rental and housekeeping expenses involves checking the accuracy and completeness of records and ensuring compliance with accounting standards.
Financial assets are those that have a monetary value and can be easily traded, while non-financial assets are physical assets like property, plant, and equipment.
Articleship experience refers to the practical training that aspiring chartered accountants undergo under a practicing CA.

Accepted Answer

Stock audit involves verifying the physical existence and valuation of inventory.

Schedule 3 amendments Caro 2020 Stock audit How to audit rental and housekeeping expenses Distinction between financial and non financial assets Articleship experience

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