Scribd
Upload
13 views2 pages

Bge CSC14

Nskkekgehehe hmm ?? na velaila iruka pakkura ya na velaila na velaila iruka pakkura ya na

Uploaded by

immanuelpaulson0
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
Download as pdf or txt
13 views2 pages

Bge CSC14

Nskkekgehehe hmm ?? na velaila iruka pakkura ya na velaila na velaila iruka pakkura ya na

Uploaded by

immanuelpaulson0
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
Download as pdf or txt
Download as pdf or txt
You are on page 1/ 2

UNIVERSITY OF MADRAS

B.Com. (GENERAL) DEGREE COURSE


SYLLABUS WITH EFFECT FROM 2020-2021

BGE-CSC14
CORE-XIV: PRACTICAL AUDITING
Common to BCom(A&F), BCom(BM) & BCom(CA)
Inst.Hrs : 6 YEAR: III
Credits : 4 SEMESTER: V

OBJECTIVES:
 To make the students to understand the concept of present day Auditing Practices.
 To enable the students to gain knowledge of various techniques of Auditing.

OUTCOME:
 On the completion of syllabus students will gain in sight of the Auditing practices prevailing
in the present scenario.
 Students will understand the general approach of audit in EDP environment.

UNIT I: Introduction
Meaning and Definition of Auditing – Distinction between Auditing and Accounting -
Objectives - Advantages and Limitations of Audit - Scope of Audit - Classifications of Audit –
Audit Planning - Meaning. Audit programme – Meaning – Objectives and Contents.
Audit Note Book, contents, Usefulness of Audit Note Book - Audit working papers - meaning.
Ownership and Custody – Test checking and Routine checking - Meaning. Internal control –
Meaning – Definition – Objectives – Technique for evaluation of Internal Control System.
Internal check – Meaning - Objectives difference between Internal control, Internal check and
Internal Audit.

UNIT II: Vouching and Verification


Vouching – Meaning and Definitions - Objectives. Trading Transactions – Audit of Ledger -
Scrutinizing of ledgers – Vouching of cash Receipts and Payments - Vouching of outstanding
Assets and Liabilities – Verification – Meaning - Objectives and Process – Valuation of Assets
and liabilities – Distinction between Verification and Valuation.

UNIT III: Audit and Accounting Standards


Types of Audit – Statutory Audit – Concurrent Audit – Stock Audit – Cost Audit – Secretarial
Audit – CAG Audit – Management Audit. Accounting Standards – Standards on Auditing
Standards on Internal Audit – Penal Provisions – Role of National Financial Reporting
Authority (NFRA)

UNIT IV: Auditors and Audit Report


Appointment – Procedures – Eligibility and Qualifications – Powers and Duties – Rotation and
Removal of Auditors – Resignation of Auditors – Remuneration of Auditors - Audit report –
Preparation and presentation. Auditor’s Responsibilities and liabilities towards Shareholders,
Board and Audit Committee. Restriction on other Services.

UNIT V: Recent Trends in Auditing


EDP Audit – Meaning – Division of auditing in EDP environment. Impact of Computerization
UNIVERSITY OF MADRAS
B.Com. (GENERAL) DEGREE COURSE
SYLLABUS WITH EFFECT FROM 2020-2021

on Audit Approach – Online Computer System Audit – Types of Online Computer System Audit
– Audit around with the Computers – Procedure of Audit under EDP system- Green Audit-
Introduction

TEXT BOOKS:
1. Auditing, D.P. Jain Konark Publishers Pvt. Ltd.
2. Auditing, Principles and Practice, Ravinder Kumar and Virender Sharma, Eastern Economy
Edition.

REFERENCE BOOKS:
1. Practical Auditing, B.N.Tandon, Sultan Chand and Co., NewDelhi.
2. Contemporary Auditing, Kamal Gupta,Tata McGraw Hill.
3. Practical Auditing, Dinkar Pagare, Sultan Chand & Sons
4. Sundar.K&Paari.K,PracticalAuditing,VijayNicoleImprintsPvt.Ltd.Chennai

WEB RESOURCE:
1. http://www.osbornebooksshop.co.uk/p/auditing_tutorial
2. www.mu.ac.in
3. www.learnthat.com

You might also like