100% Authentic Brands
Product Covered Under Trustpay
TrustPay protects customers with a 100% moneyback guarantee if there is an issue with product quality, size or delivery
Seller Endorsed by brand for trusted and genuine product always
Book Description:This comprehensive and well-organized text, now in its Second Edition, continues to provide an in-depth analysis of the fundamental principles of Auditing while emphasizing the practical aspects.
The book discusses in detail, among others, classification and preparation of an audit; internal control system; internal audit, vouching of cash, trading and impersonal ledgers. Besides, it deals with verification and valuation of assets and liabilities; company audit; cost audit; management audit; tax audit; bank audit as well as depreciation. The final chapters of the book give detailed description about business investigations and audit of special entities.
The text also incorporates the latest amendments in auditing made by the Companies (Amendment) Act 2000 and 2002, Companies Auditor’s Report Order (CARO), 2003, and pronouncements by professional bodies.
This edition also incorporates the latest developments in the field of auditing, such as environmental audit, human resource audit, energy audit and social audit.
The book is intended as a text for undergraduate students of commerce as well as those preparing for CA and ICWA examinations.
NEW TO THIS EDITION :
Provides a revised chapter (Ch. 4) on Internal Control System.
Contains a full chapter (Ch. 5) on Internal Audit.
Contents:Foreword Preface • Preface to the First Edition Table of Cases 1. Introduction to Auditing 2. Classification of Audits 3. Preparation for an Audit 4. Internal Control System 5. Internal Audit 6. Vouching: Its Meaning and Importance 7. Vouching of Cash Transactions 8. Vouching of Trading Transactions 9. Vouching of Impersonal Ledger 10. Verification and Valuation of Assets and Liabilities–I 11. Verification and Valuation of Assets and Liabilities–II 12. Company Audit–I: Statutory Requirements Governing Company Auditors 13. Company Audit–II: Audit of Financial Statements 14. Company Audit–III: Audit Report 15. Auditor’s Liabilities 16. Cost Audit 17. Management Audit 18. Tax Audit 19. Depreciation 20. Reserves and Provisions 21. Profit and Its Divisibility 22. Audit of Banks 23. Business Investigations 24. Audit of Specialized Entities 25. Auditing in EDP Environment Answers to Objective Type Questions Index
About the Author:RAVINDER KUMAR, Ph.D., is a Faculty Member at the Department of Commerce and Business Studies, Jamia Millia Islamia, New Delhi. He has more than 12 years of teaching and research experience and has been a visiting faculty at the Indian Institute of Foreign Trade (IIFT), New Delhi.|VIRENDER SHARMA, LL.B., a Fellow Member of the Institute of Chartered Accountants of India (ICAI), is a practising Chartered Accountant. He has long experience in undertaking financial as well as tax audits of both corporate and non-corporate entities.