Auditing And Assurance

Whether it is a balance sheet of a company, a cinema hall, or of a school; auditing evaluates all! This comprehensive book, now in its second edition, is a compendium of a textbook; a handbook of Auditing Standards; a question bank, and a compilation of model answers.

This text is organized in four parts. Part 1 (Principles) enunciates the standards and the concepts, which form the bases of auditing. Part 2(Process) provides a stepwise description of the auditing process, adopted by the auditors while performing audit engagements. Part 3 (Performance) deals with the auditing engagement and shows how the verification of financial elements such as receipts, payments, purchases, sales, assets and liabilities is conducted. Part 4 (Practice) demonstrates the practical aspects of audits of specific entities such as private limited companies, charitable trusts, hospitals and so on.

This book is primarily intended for the students of Chartered Accountancy (appearing for the CA-PCC examination), Cost Accounting, Company Secretary, and postgraduate students of Finance and Accounting. Apart from that, the book is also useful for the practising Chartered Accountants and Financial officers of companies, as a reference handbook.

Part 1: Principles

1. Latest Auditing Standards

2. Auditing Concepts

Part 2: Process

3. Auditing Engagement

4. Audit Documentation

5. Audit Evidence

6. Internal Control

7. Auditing In Computerized Environment

8. Audit Sampling

Part 3: Performance

9. Audit Of Payments

10. Audit Of Receipts

11. Audit Of Purchases And Sales

12. Audit Of Personal Ledgers

13. Audit Of Impersonal Ledger

14. Audit Of Assets And Depreciation

15. Audit Of Liabilities And Provisions

16. Audit Of Capital And

Reserves

17. Audit Report

Part 4: Practice

18. Company Audit

19. Company Records And Reports

20. Audit Of Special Entities

21. Government Audits

Appendix: Stop Press

Index