Auditing

Auditing: Meaning, Objects, Fraud, Errors, Book-Keeping Accounting and Auditing, Classification of audits, Planning and procedure of audit, Audit Programmes; Auditros working papers, Test Checking and Routing Checking

 Periodical, Continuous, Interim and Balance Sheet Audit

Internal Control and Internal Check System- Meaning, Objectives and evaluation of internal control, Internal check and internal audit, Internal Control regarding sales, purchases, asset liabilities and salaries and wages.

Audit Procedure-Meaning, Objective and Importance of Vouching, Vouching and Routing Checking, General Principle of Vouching, Vouching of different item of transactions,

Verification and Valuation of Assets and Liabilities With special reference to Plant & Machinery, Building, Goodwill, Patent, Copy Right, Investment, Debtors, Inventories, Share Capital and Loans, Contingent Liabilities and Contingent Assets ; Ruled laid down in Kingston Cotton Mills Co Ltd, Irish Woolen Co Ltd

Audit of Joint Stock Companies: Appointment, removal and remuneration of company auditor, Audit of share capital, debentures and managerial remuneration, Audit for the purpose of statutory reports and prospectus. Rights, duties and liabilities of an auditor laid down in London and General Bank Case, CIT v/s G.M Dandedkar,  Anupam Roy v/s P.K Mukharjee

Auditors Report: Definition, Distinction between Auditor’s Report and Auditor’ Certificate, Contents of Auditor’s Report, Classification (Clean, Qualified, Disclaimer, Negative, Piecemeal)

Investigation: Meaning, objectives, procedures, Investigation on behalf of perspective purchaser of business, banker and prospective investor