Auditing

Paper Code: 
HRG 511
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

The objective of this course is to gain knowledge of auditing procedures and techniques and their application

9.00
Unit I: 
Unit 1

Auditing: Meaning, Objects, Fraud, Errors, Book-Keeping Accounting and Auditing, Classification of audits, Planning and procedure of audit, Audit Programmes; Auditors working papers, Test Checking and Routine Checking

9.00
Unit II: 
Unit 2

Internal Control and Internal Check System- Meaning, Objectives and evaluation of internal control, Internal check and internal audit, Internal Control regarding sales, purchases, asset liabilities and salaries and wages.

9.00
Unit III: 
Unit 3

Audit Procedure-Meaning, Objective and Importance of Vouching, Vouching and Routing Checking, General Principle of Vouching, Vouching of different item of transactions,

Verification and Valuation of Assets and Liabilities With special reference to Plant & Machinery, Building, Goodwill, Patent, Copy Right, Investment, Debtors, Inventories, Share Capital and Loans, Contingent Liabilities and Contingent Assets ; Rules laid down in Kingston Cotton Mills Co Ltd, Irish Woolen Co Ltd

9.00
Unit IV: 
Unit 4

Verification and Valuation of Assets and Liabilities With special reference to Plant & Machinery, Building, Goodwill, Patent, Copy Right, Investment, Debtors, Inventories, Share Capital and Loans, Contingent Liabilities and Contingent Assets ; Rules laid down in Kingston Cotton Mills Co Ltd, Irish Woolen Co Ltd

9.00
Unit V: 
Unit 5

Divisible Profits and Dividends

Divisible Profits and Dividends with legal provisions of Companies Act(With special reference to (depreciation) and relevant Case Laws

Auditors Report: Definition, Distinction between Auditor’s Report and Auditor’ Certificate, Contents of Auditor’s Report, Classification (Clean, Qualified ,Disclaimer )

Essential Readings: 
  1. Auditing: Jain, Khandelwal(Shivam Publisher)
  2. Students Guide to Auditing: Aruna Jha(Taxmann)
  3. Auditing: Jain, Khandelwal, Pareek(Ramesh Book Depot)
  4. Auditing Theory & Practice: A.K Singh ( Galgotia Publishing Company New Delhi)
References: 
  1. Contemporary Auditing: Kamal Gupta(Tata Mc-Graw Hill)
  2. Auditing: Principle and Practice, S.D Sharma(Taxmann)
  3. Auditing Principles and Problems: T.R Sharma (Sahitya Bhawan Agra)
  4. Practical Auditing: Spicer& Pegler
  5. Fundamental of Auditing: Gupta & Arora(Tata Mc Graw Hill)

 

Academic Year: 
2019-2020
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