Auditing

Auditing Book For:

• B.Com (Hons) I Year of Patna University, Magadh University (MU), Patliputra University, Veer Kunwar Singh University Ara (VKSU), Tilka Manjhi Bhagalpur University (TMBU), Munger University, Babasaheb Bhimrao Ambedkar Bihar University (BRABU), Jai Prakash University Chhapra, Bhupendra Narayan Mandal University Madhepura (BNMU), Purnea University, Jay Narain Vyas University Jodhpur (JNVU)
• B.Com (Hons) Semester IV of Maharshi Dayanand University Rohtak (MDU) & B.Com (Hons) Semester V Vinoba Bhave University Hazaribag (VBU), Kumaun University (KUNTL)
• B.Com (Hons) III Year of Mahatma Jyotiba Phule Rohilkhand University Bareilly (MJPRU), Lalit Narayan Mithila University Darbhanga (LNMU)
• B.Com Semester III of Guru Ghasidas Vishwavidyalaya Bilaspur (GGU), Sri Agrasen Kanya P.G. College Varanasi; B.Com Semester IV of Guru Ghasidas Vishwavidyalaya Bilaspur (GGU); B.Com Semester V of Kurukshetra University (KUK), Kumaun University (KUNTL); B.Com Semester VI of Maharshi Dayanand University Rohtak (MDU)
• B.Com I Year of Kumaun University (KUNTL) & B.Com II Year of University of Allahabad, Mahatma Gandhi Kashi Vidyapith Varanasi (MGKVP), Jananayak Chandrashekhar University Ballia (JNCU)
• B.Com III Year of Dr Bhimrao Ambedkar University Agra (DBRAU), Prof. Rajendra Singh Rajju Bhaiya University Prayagraj (PRSU Prayagraj), Mahatma Jyotiba Phule Rohilkhand University Bareilly (MJPRU), Baster University, Atal Bihari Vajpayee Vishwavidyalaya Bilaspur, Pandit Ravishankar Shukla University Raipur (PRSU), Sarguja University Ambikapur, Dr Rammanohar Lohia Avadh University Faizabad (RMLAU), Pt. Deendayal Upadhyay Gorakhpur University (DDU), Siddharth University Kapilvastu Siddharth Nagar, Veer Bahadur Singh Purvanchal University Jaunpur (VBSPU), Bundelkhand University (BU), Chhatrapati Shahu Ji Maharaj University Kanpur (CSJMU), Chaudhary Charan Singh University Meerut (CCSU), Jay Narain Vyas University Jodhpur (JNVU)
• M.Com I Year of Dr Bhimrao Ambedkar University Agra (DBRAU) & M.Com II Year of Dr Bhimrao Ambedkar University Agra (DBRAU), Bundelkhand University (BU), Jay Narain Vyas University Jodhpur (JNVU)

It is a matter of pleasure and pride both to place the present revised edition of the Auditing book in the hands of readers who have encouraged me to prepare this edition within a short interval of time. The book is known for simple language and up-to-date material on the subject and as such, has aroused the interest of readers who have been kind enough to provide valuable suggestions to us from time to time.

The following are some of the peculiarities of the Auditing book:

• Efforts have been made to make the subject-matter still more simple.
• The style of presentation has been made more interesting and grasping.
• The provisions of the Companies Act, 2013 and the Companies (Amendment) Act, 2019 have been incorporated in the book wherever necessary.
• The circulars and notifications issued by the Ministry of Corporate Affairs the Government of India have been utilized to make the book informative with the latest material.
• The chapter on Cost Audit has been thoroughly revised on the basis of the Companies Act, 2013 and Companies (Cost Records & Rules), 2014.
• Chapters on Tax Audit has been thoroughly revised and updated on the basis of the latest amendments made in the Income Tax Act, 1961.

Auditing Book Contents

1. Introduction
2. Preparation Before and Procedure of Audit
3. Internal Control and Internal Check
4. Vouching
5. Vouching of Impersonal Ledger
6. Verification of Assets And Liabilities
7. Appointment, Remuneration, Rights, and Duties of an Auditor
8. Company Audit
9. Auditor’S Report
10. Divisible Profits and Dividend
11. Liabilities of an Auditor
12. Investigation
13. Different Audits
14. Cost Audit
15. Management Audit
16. Tax Audit
17. Depreciation And Reserves
18. Capital and Revenue
19. Professional Ethics for the Accountancy Profession