Accounting and Taxation
Published on Accounting and Taxation (https://accountingtaxation.iisuniv.ac.in)

Home > Auditing

Auditing [1]

Paper Code: 
PPA 221
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

The Objective of this course is to gain knowledge of auditing procedures and techniques and their application

 

9.00
Unit I: 

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

9.00
Unit II: 

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.

9.00
Unit III: 

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

9.00
Unit IV: 

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

9.00
Unit V: 

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

Essential Readings: 
  1. Students Guide to Auditing: Aruna Jha(Taxmann)
  2. Auditing: Jain, Khandelwal, Pareek(Ramesh Book Depot)
  3. Fundamental of Auditing: Gupta & Arora(Tata Mc Graw Hill)
  4. Auditing Theory & Practice: A.K Singh ( Galgotia Publishing Company New Delhi)
  5. Auditing: Jain, Khandelwal(Shivam Publisher)

 

Academic Year: 
2019-2020 [2]

Footer Menu

  • Univ Home
  • Home
  • Contact Us
  • About Us
  • Site Map
  • Feedback
  • Site Login

Follow Accounting and Taxation on:

Facebook Twitter YouTube

IIS (Deemed to be University)

Gurukul Marg, SFS, Mansarovar, Jaipur 302020, (Raj.) India Phone:- +91-141-2400160-61, 2397906-07, Fax: 2395494, 2781158


Source URL: https://accountingtaxation.iisuniv.ac.in/courses/subjects/auditing-5

Links:
[1] https://accountingtaxation.iisuniv.ac.in/courses/subjects/auditing-5
[2] https://accountingtaxation.iisuniv.ac.in/academic-year/2019-2020