Auditing And Assurance: Theory And Practice

Auditing And Assurance: Theory And Practice by Clifford Gomez

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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