An audit is important as it provides credibility to a set of financial statements and gives the shareholders confidence that the accounts are true and fair. It can also help to improve a company’s internal controls and systems.
- To familiarize the students with the principles and procedure of auditing.
- To enable the students to understand the duties and responsibilities of auditors and to undertake the work of auditing.
- Tandon, B.N., Sudharsanam, S., & Sundharabahu, S., A Handbook of Practical Auditing,S.Chand & Compaly Ltd, New Delhi.
- Arun Jha, Auditing – University Edition, Taxman Publications
- Saxena, R. G., Principles and Practice of Auditing, Himalaya Publishing House, Mumbai
- Sharma, T. R., Auditing Sahitya Bhawan Publication Agra
- Saxena, R. G., Principles and Practice of Auditing, Himalaya Publishing House, New Delhi
- ICAI Study material for IPCC and Final
Module 1 Introduction to Auditing
It deals with an overview with the the concept of Audit
Module II Audit Engagement, Documentation and Evidence
Module discuss on matters like Audit planning, Preparations to be made before Audit, Audit working papers, Audit Evidence and methods of obtaining Audit Evidence
Module 3 Internal Control
It discuss on Internal Control .It means a number of checks and controls exercised in business to ensure its efficient and economic working
- Internal Control
- Internal Control and Auditor
- Specific Aspects of Auditing
- Internal Check
- Internal Audit
- Difference Between Internal Check and Internal Audit
- Internal Check -Cash Transactions
- Internal Check for Cash Sales
- Internal Check for payment of Wages
- Vouching of Cash Receipts
- Vouching of Cash Payments
Module 4 Audit of Limited Companies
The most popular form of business organisation is JSC. Therefore this module focus on the Audit of the accounts of Joint Stock Company
Module 5 Special Audits and Investigation
The module describes special audits and how it differs from Investigation