Syllabus
UNIT–I
INTRODUCTION
Auditing: Meaning - Definition - Evolution - Objectives - Importance -Types of Audit - Standards of
Auditing - Procedure for Issue of Standards by AASB.
UNIT-II
AUDITOR AND EXECUTION OF AUDIT
Appointment - Qualification and Disqualification - Qualities - Remuneration - Removal - Rights - Duties -
Civil and Criminal Liabilities of Auditors - Commencement of Audit -Engagement Letter - Audit Program
- Audit Note Book - Audit Workbook - Audit Markings.
UNIT-III
INTERNAL CONTROL, INTERNAL CHECK AND INTERNAL AUDIT
Meaning and Objectives of Internal Control - Internal Check and Internal Audit - Internal Check Vs.
Internal Audit - Internal Control vs. Internal Audit.
UNIT-IV
VOUCHING
Meaning - Objectives - Types of Vouchers - Vouching of Trading Transactions - Vouching Cash
Transaction - Auditing in an EDP Environment.
UNIT-V
VERIFICATION AND VALUATION OF ASSETS
Meaning and Definition - Distinction - Verification and Valuation of various Assets and Liabilities- Audit
Committee - Role of Audit Committee - Audit Reports.
