C.A Shravan Swarup delivered a guest lecture for the students of TY B.Com (Accounting) on the 3rd of October. Around 75 students attended. CA. Shravan Swarup spoke on the topic Procedure for Verification & Valuation of Inventories.
CA Swarup discussed on the classification of Inventories, procedure for verification and valuation, Auditing Guidance Note on Inventories issued by the ICAI and emphasised on the Case laws. More specifically, he discussed the Kingston Cotton Mills and the Westminster Engg. Services case with respect to the duty of auditors in verification of inventories.
Dr. Manoj Kamat welcomed the guest, while Ms. Pooja Shanbag proposed the vote of thanks. Students benefitted from the session.
