Course No. 403 AUDITING (AUDG XV)
(For B.Com General and Accounting &
Finance)
Marks: 80 Hours: 40
Objective:
The course aims at imparting knowledge about the principles and methods of
Auditing and their applications.
Course
Contents:
UNIT
I: Audit & Audit Process –
(a)
Audit –The attest function, meaning, importance, objects and various Classes of
audit. Audit Process – Internal control; Internal audit and Internal check;
Planning the audit; Audit Programme; Evidence and Working papers; Audit
sampling. 20: 10 hrs
UNIT
II: Audit Procedures–Routine checking; Vouching; Verification and valuation of
Assets and liabilities. 20: 10 hrs
UNIT
III: Audit of limited Companies –
Qualification
and appointment of company auditor; their powers, duties and liabilities; Audit
of share capital and debentures; Share transfers and managerial remuneration;
Depreciation and reserves; Divisible profits and dividends; Audit of Public
undertakings. 20: 10 hrs
UNIT
IV: Auditor’s Communication and Recent Trends-
(a)
Auditor’s Communication – Standard and qualified reports; Statutory report.
(b)
Recent Trends in Auditing – Cost Audit; Tax audit; Management audit; Efficiency
audit and propriety audit, AAS. 20: 10 hrs
Text
and Reference Books:
1.
Gupta Kamal: Contemporary Auditing:; Tata McGraw-Hill; New Delhi.
2.
Tandon B.N :Principles of Auditing; S. Chand & Co., New Delhi.
3.
Pagare Dinkar: Principles and Practice of Auditing; Sultan Chand, New Delhi.
4.
Sharma T.R: Auditing Principles and Problems; Sahitya Bhawan, Agra.
5.
Basu: Auditing Principle and Techniques, Pearson, New Delhi.
6.
Basu: Fundamentals of Auditing, Pearson, New Delhi.
7.
Sengupta and Sengupta: Practical Guide to Auditing, New Central Book Agency,
Hyderabad.