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Vismay ShahVismay Shah asked 1 month ago

Hello sir, In the answer to the question, (“Step to be taken while verifying premium of GIC?” ) Points given under CNO 493 and 494 seems a bit different, although the question is the same that is verification of premium.

In the study material, the answer of CNO 493 is given under the heading “Verification of premium” and CNO 494 – under the heading “illustrative points under during the audit of accounting of premiums”

1 Answers
RaviRavi Staff answered 1 month ago

yes icai has been giving slightly different answers for similar types of questions.
yes both questions are similar
we would suggest remember 493 and write as many points as you remember
further if question is on non receipt of insurance premium, first explain that point, case discussion and conclusion and then focus on other points at the end. 

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