Every corporate enterprise today and even the government are speaking of the concept of governance in a big way. But still they have to go a long way in achieving transparent operations in their domains. At the base of the pyramid of the corporate governance lies the concept of honesty. If every individual works with sincerity and honesty there is no reason as to why the productivity should not increase and so the profitability, Irrespective of the size of the business, today, every activity is subjected is subjected to audit, to bring transparency in operations and profitability. The prime and vulnerable area in any business enterprise which is causing disturbance to achieve transparency is maintence of books of accounts and records true to their transactions. But unfortunately, for the know reasoned, some percentage of deviation will always be there in maintaining the books of accounts Because of this, every business enterprise subject its accounts at the close of the financial year for a detailed examination by an outside certified agency. In every syllabus as a compulsory subject of study.
Audit procedure involves vouching, verification and valuation and reporting. These aspects have been fully analyzed in this title in a simple way to make the students understand the subject mater without any difficulty. Rights duties and liabilities of Company Auditor has been incorporated as per new companies Act 2013. Graded question are given at the end of each chapter. This book is written strictly according to the Tumker University new syllabus. A new dimension “For Examinees” has been introduced to give a crisp idea about the concept and we hope that students relish it.
Contents :
Chapter – 1 Introduction
Chapter – 2 Types of Audit
Chapter – 3 Preparation Before Commence of Audit
Chapter – 4 Internal Control
Chapter – 5 Vouching
Chapter – 6 Verification and Valuation of Assets and Liabilities
Chapter – 7 Company Auditor – I
Chapter – 8 Company Auditor-II – Liabilities
Chapter – 9 Professional Ethics
Chapter – 10 Audit-Different Organisations
