Auditing– Origin – Definition – Objectives – Types – Advantages and Limitations – Qualities of an Auditor – Audit Programmes.
Internal Control – Internal Check and Internal Audit –Audit Note Book – Working Papers. Vouching –Voucher – Vouching of Cash Book – Vouching of Trading Transactions.
Verification and Valuation of Assets and Liabilities – Auditor’s position regarding the valuation and verifications of Assets and Liabilities – Depreciation – Reserves and Provisions - General Reserves--Provisions relating to published Accounts.
Audit of Joint Stock Companies – Qualification – Dis-qualifications – Various modes of Appointment of Company Auditor – Rights and Duties – Liabilities of a Company Auditor –Share Capital and Share Transfer Audit – Audit Report – Contents and Types.
Investigation – Objectives of Investigation – Difference between Audit and Investigation-Types of investigation –Audit ofComputerized Accounts – Electronic Auditing – Investigation under the provisions of Companies Act.
Reference Book:
B.N. Tandon, “Practical Auditing”, S. Chand Company Ltd,revised edition 2001, New Delhi. F.R.MDe Paula, “Auditing-the English language Society and Sir Isaac Pitman and Sons Ltd, 13th edition,1966, London Spicer and Pegler, “Auditing: Khatalia’s Auditing” December 19th 2011,
Text Book:
DinkarPagare-Principles of Auditing-Sultan Chand company ltd., 10th edition, 2004, reprint 2006. New Delhi.