Auditing: Principles and Practice

by Ravinder Kumar

About the Book: Auditing: Principles and Practice This comprehensive and well-organized text, now in its Second Edition, continues to provide an in-depth analysis of the fundamental principles of Auditing while emphasizing the practical aspects. The book discusses in detail, among others, classification and preparation of an audit; internal control system; internal audit, vouching of cash, trading and impersonal ledgers. Besides, it deals with verification and valuation of assets and liabilities; company audit; cost audit; management audit; tax audit; bank audit as well as depreciation. The final chapters of the book give detailed description about business investigations and audit of special entities. The text also incorporates the latest amendments in auditing made by the Companies (Amendment) Act 2000 and 2002, Companies Auditor's Report Order (CARO), 2003, and pronouncements by professional bodies. This edition also incorporates the latest developments in the field of auditing, such as environmental audit, human resource audit, energy audit and social audit. The book is intended as a text for undergraduate students of commerce as well as those preparing for CA and ICWA examinations. New to this Edition: Provides a revised chapter (Ch. 4) on Internal Control System. Contains a full chapter (Ch. 5) on Internal Audit. Contents Foreword Preface Preface to the First Edition Table of Cases Chapter 1. Introduction to Auditing Chapter 2. Classification of Audits Chapter 3. Preparation for an Audit Chapter 4. Internal Control System Chapter 5. Internal Audit Chapter 6. Vouching: Its Meaning and Importance Chapter 7. Vouching of Cash Transactions Chapter 8. Vouching of Trading Transactions Chapter 9. Vouching of Impersonal Ledger Chapter 10. Verification and Valuation of Assets and Liabilities?I Chapter 11. Verification and Valuation of Assets and Liabilities?II Chapter 12. Company Audit?I: Statutory Requirements Governing Company Auditors Chapter 13. Company Audit?II: A

576 pages, Paperback

Published January 1, 2013