Auditing

Auditing notes – Complete Chapter Wise Notes of Auditing

AUDITING NOTES

Meaning – Audit implies the examination of books of accounts and related documents of an organisation in order to correctly estimate their accuracy, completeness and regularity. Such an examination is carried out by a competent and unbiased person with the help of evidences, documents, information and explanations given to him.

For example, if a person goes to a doctor to have himself examined, the doctor, only after a thorough examination of his body, gives his report as to whether he is healthy or not, and if not, what is the ailment he is suffering from.

In the same manner, a businessman gets his books of accounts examined by a doctor of books of accounts (i.e.the auditor) who, after a thorough examination of the books, gives his report as to whether or not they give a true and fair view of the state of affairs of the deficiencies and faults in them.

Origin and Development of Auditing–  The English word ‘Audit’ is derived from the Latin word ‘Auditor’, which literally means ‘to hear’. In ancient Greece and Rome, accountants used to be appointed in order to maintain the records of the government treasuries.

These accountants used to go to prominent judges to get their accounts certified and used to recite their accounts in front of those judges. These judges, upon hearing the accounts, used to give their decisions as to whether the accounts were authentic or not. In ancient times auditing was merely concerned with listening.

CLICK BELOW TO DOWNLOAD AUDITING NOTES

 

Auditing notes cover the following chapters

1INTRODUCTION
2OBJECTS, IMPORTANCE, LIMITATION
3TYPES OF AUDIT
4PROCESS & PROGRAMME
5INTERNAL CONTROL, CHECK AND INTERNAL AUDIT
6ROUTINE CHECKING AND VOUCHING
7VERIFICATION OF ASSETS AND LIABILITIES
8APPOINTMENT, POWER, DUTIES
9REPORT
10INVESTIGATION
11E-COMMERCE TRANSACTION
12PROFESSIONAL CONDUCT AND ETHICS

Disclaimer – Friends, https://www.pdffiles.in is designed for Education purpose only and does not have our own Books / Notes / PDF / and ALL Material, nor has it Scanned. We only provide the link and material already available on the Internet. If in any way it violates the law or there is a problem, please mail us – pdffiles.in@gmail.com. If you need more pdf files, notes or book, then you can email us. We have been given up. We will be able to help you as soon as possible. Thankyou

About the author

Sarvesh Arora

3 Comments

Leave a Comment