This course will enable the students to apprise with basic concepts of Auditing & give an overview of various related aspects
Course |
Learning Outcomes (at Course Level) |
Learning and teaching strategies |
Assessment Strategies |
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Course Code |
Course Title |
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25DATG601B |
Auditing (Theory) |
CO121: Interpret the basic working knowledge of the Audit and its terminologies. CO122: Compile the fundamental principles and techniques of auditing, focusing specifically on the vouching, audit of ltd companies and auditor’s qualifications. CO123: Develop the skill to prepare the auditor’s report complying rights and duties along with certain aspects of tax audit CO124: Identify and analyze recent trends in auditing, with a focus on emerging challenges, Technological advancements, regulatory developments, and evolving audit methodologies. CO125:. Classify the framework of standards on auditing along with relevant case studies and certain scandals. CO126: Contribute effectively in course- specific interaction |
Approach in teaching: Interactive Lectures, Discussion, Tutorials, Problem solving sessions, Presentations Learning activities for the students: Self-learning assignments, Case Study analysis, Presentations, Group discussions |
Continuous Assessment Test, Semester End Examinations, Quiz, Solving numerical problems, Assignments, Class Presentations, Individual and group projects. |
● Auditing: Introduction, Meaning, Objectives
● Basic Principles and Techniques
● Classification of Audit, Audit Planning
● Internal Control – Internal Check and Internal Audit
● Audit Procedure – Vouching and Verification of Assets & Liabilities.
● Audit of Limited Companies: Company Auditor- Qualifications and disqualifications, Appointment, Rotation, Removal, Remuneration.
● Auditor’s Report- Contents and Types. Liabilities of Statutory Auditors under the Companies Act 2013
● Rights & Duties of Auditors.
● Special Areas of Audit: Special features of Tax audit.
● Cost audit and Management audit
● Recent Trends in Auditing: Basic considerations of audit in EDP Environment
Computer aided Audit techniques and tools
● Auditing Standards
● Relevant Case Studies
● Major Corporate Scandals in India.
● Auditing: Jain, Khandelwal (Shivam Publisher)
● Students Guide to Auditing: Aruna Jha (Taxmann)
● Auditing: Jain, Khandelwal, Pareek (Ramesh Book Depot)
● Auditing Theory & Practice: A.K Singh ( Galgotia Publishing Company New Delhi)
● Contemporary Auditing: Kamal Gupta (Tata Mc-Graw Hill)
Suggested Readings:
●Auditing: Principle and Practice, S.D Sharma(Taxmann) ●Auditing Principles and Problems: T.R Sharma (Sahitya Bhawan Agra) ●Practical Auditing: Spicer& Pegler ●Fundamental of Auditing: Gupta &Arora(Tata Mc Graw Hill)
e-Resources: ●https://resource.cdn.icai.org/46524bosinter-p6-cp1.pdf [2] ●https://resource.cdn.icai.org/46525bosinter-p6-cp2.pdf [3] ●https://resource.cdn.icai.org/46528bosinter-p6-cp5.pdf [4] ●https://resource.cdn.icai.org/46534bosinter-p6-cp11.pdf [5]
Reference Journals:
●IUP Journal of Accounting Research
●Journal of Emerging Market Finance.
●IUP Journal Accounting Research and Audit Practices
Links:
[1] https://accountingtaxation.iisuniv.ac.in/courses/subjects/auditing-33
[2] https://resource.cdn.icai.org/46524bosinter-p6-cp1.pdf
[3] https://resource.cdn.icai.org/46525bosinter-p6-cp2.pdf
[4] https://resource.cdn.icai.org/46528bosinter-p6-cp5.pdf
[5] https://resource.cdn.icai.org/46534bosinter-p6-cp11.pdf
[6] https://accountingtaxation.iisuniv.ac.in/academic-year/2025-2026