A Handbook Of Practical Auditing

This book does not claim any originality in regard to matter and facts since I had to depend these on standard books published in India and outside on the subject. I have, however, tried to present the facts in such a way as to make it easy for the students to comprehend them. I have taken special care to incorporate the latest Companies and other Acts as they refer to auditors and auditing. Legal cases have also been discussed at length. At the end of each chapter, questions set by universities and professional bodies are given. I hope the book will prove to be useful not only to the students who are to take university examinations but also to candidates who take professional and competitive examinations in the subject

1. INTRODUCTION

2. AN OVERVIEW OF AUDITING

3. THE AUDITOR

4. AUDIT PLANNING AND AUDIT CONTROL

5. AUDIT OBJECTIVES AND SCOPE OF AUDIT OF FINANCIAL STATEMENTS

6. THE AUDITOR'S RESPONSIBILITY TO CONSIDER FRAUD AND ERROR IN THE AUDIT OF FINANCIAL STATEMENTS

7. GAINING KNOWLEDGE ABOUT THE BUSINESS OF THE CLIENT

8. CONSIDERATION OF LAWS AND REGULATIONS IN AN AUDIT OF FINANCIAL STATEMENTS

9. AUDIT ENGAGEMENT

10. AUDIT EVIDENCE AND AUDIT PROCEDURES

11. COORDINATING THE WORK OF OTHERS

12. DOCUMENTATION

13. AUDIT REPORT

15. INTERNAL CONTROL

16. SUBSTANTIAL PROCEDURES-VOUCHING OF CASH TRANSACTIONS

17. SUBSTANTIAL PROCEDURES-VOUCHING OF TRADING TRANSACTIONS

18. THE AUDIT OF IMPERSONAL LEDGER

19. VERIFICATION AND VALUATION OF ASSETS AND LIABILITIES

20. DEPRECIATION

21. RESERVES

22. AUDIT OF LIMITED COMPANIES—COMPANY AUDITOR