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Routine checking does NOT involve

AChecking of castings

BChecking of postings

CValuation of assets

DChecking of balances

Answer:

C. Valuation of assets

Read Explanation:

Routine checking deals with arithmetical accuracy, not asset valuation.


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Who are all exempted from payment of Audit fees as per Kerala Cooperative Societies Act , 1969 ?

  1. Any society for first two years of audit irrespective of date of commencement of business
  2. All social welfare and farming societies who don't accept deposits and grant loans/advances
  3. All Cooperative Societies of which all or majority of members are belonging to SC/ST except Apex Cooperative Society
  4. Any Weavers Society until it has completed sixth Cooperative Year after its commencement of business
  5. Vanitha Cooperative Societies