Auditing and Assurance, 3e comes in the light of the recent changes made in the regulatory framework governing the auditing profession in India. The new edition explains the concepts, principles and techniques of auditing with a detailed presentation of their applications in real-life situations. With its simple and lucid language, this student-friendly and syllabi-oriented book covers recent developments in the legal and regulatory framework governing the auditing work in India.
Features:
- Detailed coverage of SA - 701 on Key Audit Matters
- Full coverage of the newly introduced CARO 2016 for the latest provisions governing the audit practices
- Comprehensive discussion of the Companies Act, 2015, affecting the auditing practices
- Emphasis on the modern techniques of auditing while retaining the basic concepts and principles
- Revised and updated Case Decisions and worked-out Case Examples
- Case Studies which require the reader to assess and resolve a situation
- Points to Ponder and Chapter-end Exercises for quick revision
Table of Contents:
1. Nature of Auditing
2. Types of Audit
3. Techniques and Procedures of Auditing
4. Internal Control, Internal Check and Internal Audit
5. Vouching
6. Verification and Valuation of Assets and Liabilities
7. Reserves and Provisions
8. Company Audit-1
9. Company Audit-2
10. Divisible Profits and Dividends
11. Audit Report and Certificate
12. New Areas of Auditing
13. Special Audit
14. Audit of the Accounts of Governments and Public Sector Undertakings (PSUs)
15. Audit in CIS Environment
16. Standards on Auditing
Annexure A Important Terms Used in the Standards on Auditing
Annexure B Important Case Decisions
Index
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