Auditing And Assurance: Theory And Practice by Clifford Gomez
Book Summary:
In this modern world of large-scale business and industry, auditing has become an inevitable function. Auditing is a subject, the function of which is very important from the regulatory, economic and ethical points of view. The subject has undergone radical changes in the current globalised business world.
This book, in the light of latest trends, highlights and explains the principles and practice of auditing and assurance in a simple and an easy-to-understand language. It also presents an up-to-date legal discussion on the subject.
Beginning with an overview of the subject, the text discusses in detail the classification and preparation of an audit, procedures and techniques of auditing, internal control, internal check and internal audit, vouching, verification and valuation of assets and liabilities, and depreciation. Besides, it deals with reserves and provisions, capital and revenue, profits, audit of companies, and classes of investigation. The book concludes with a discussion on accounting and auditing standards, management audit, cost audit, tax audit, government audit and social audit.
The textbook is primarily intended for the undergraduate students of Commerce. It will also be useful to those preparing for CA, ICWA and CS examinations.
Audience of the Book :
This book Useful for Management, CA, CS, Commerce students.
Table Content :
1 Introduction
2 Auditor
3 Types of Audit
4 Auditing Procedures and Techniques
5 Internal Control and Internal Check
6 Internal Audit
7 Vouching
8 Vouching of Cash Transactions
9 Vouching of Trading Transactions
10 Verification and Valuation of Assets and Liabilities (General)
11 Verification and Valuation of Fixed Assets
12 Verification and Valuation of Current Assets
13 Verification and Valuation of Liabilities
14 Depreciation
15 Reserves and Provisions
16 Capital and Revenue
17 Divisible Profits
18 Liabilities of an Auditor
19 Audit of Limited Companies
20 Audit of Banking Companies
21 Audit of Insurance Companies
22 Auditor’s Report
23 Investigation
24 Accounting and Auditing Standards
25 Management Audit
26 Cost Audit
27 Tax Audit
28 Government Audit
29 Impact of Computerisation on Audit Approach
30 Social Audit
Index
