This course will enable the students to apprise the students with basic concepts of auditing and give an overview of various related aspects.
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Course |
Learning outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
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Course Code |
Course title |
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25CATG613 |
Auditing (Theory)
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CO205: Interpret the basic working knowledge of the Audit and its terminologies. CO206: Compile the fundamental principles and techniques of auditing, focusing specifically on the vouching, audit of ltd companies and auditor’s qualifications. CO207: Develop the skill to prepare the auditors report complying rights and duties along with certain aspects of tax audit CO208: Identify and analyze recent trends in auditing, with a focus on emerging challenges, technological advancements, regulatory developments, and evolving audit methodologies. CO209: Classify the framework of standards on auditing along with relevant case studies and certain scandals. CO210: Contribute effectively in course-specific interaction |
Approach in teaching: Interactive Lectures, Discussion, Tutorials, Reading assignments; Solving Questions.
Learning activities for the students: Self-learning assignments , Effective questions, Seminar Presentation. |
Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, 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)
● 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-34
[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