402: Auditing &
Assurance
Marks: 80
UNIT-I: 16
Auditing
Concepts: Nature, Objective, and basic principles of auditing, limitations of
auditing, classes of errors and frauds and auditor’s duty threats; ethical
principles and concept of auditor’s independence, Relationship of auditing with
other disciplines.
UNIT-II: 16
Internal control
and internal check: elements of internal control, review and documentation,
evaluation of internal control system, internal control questionnaire, internal
control check list, tests of control, application of concept of materiality and
audit risk, concept of internal audit, Internal control under computerized
audit environment.
UNIT-III: 16
Audit sampling:
Types of sampling, test checking, techniques of test check, sampling risk,
audit sampling and sampling methods, compliance tests and substantive tests,
auditing in depth. Analytical review procedure.
UNIT-IV: 16
Audit Procedure:
Vouching; verification of Assets and liabilities.
UNIT-V: 16
Audit report;
qualifications, disclaimers, adverse opinion, disclosures, auditor’s reports
and certificates, Audit attestation and certification.
Suggested Books:
1.
Auditing and Assurance Standards issued by the ICAI, New Delhi.
2.
Principles of Audit and Internal Auditing by Dhruba Dutachowdhury, New Central
Book Agency P. Ltd. Kolkata-700009.
3.
Principles and Practice of Auditing by R.G. Saxena, Himalaya Publishing House,
Mumbai.
4.
Contemporary Auditing by Kamal Gupta, Tata McGraw Hill Publishing Co. Ltd.
5.
Nobes and Porker, Comparative International Accounting, Pearson Education, New
Delhi.
6.
International Accounting, by Saudagaram, Taxmann India, New Delhi.
7.
Ainapure and Ainapure, Auditing and Assurance, PHI Learning Pvt. Ltd., New
Delhi.
8.
Auditing by S.K. Dutta Choudhury, New Central Book Agency, Kolkata.
9.
Official Publication of ICAI, New Delhi.
Post a Comment
Kindly give your valuable feedback to improve this website.