AUDITING

Paper Code: 
: DATG 501B
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

Course Outcome(COs):

Learning Outcome

 

Learning and teaching strategies

Assessment Strategies

 
 

CO 101: Interpret the basic working knowledge of the Audit and its terminologies.

CO 102: Explain the objectives of conducting audits of financial statements and its Balance Sheet.

CO 103: Summarize the auditor’s responsibilities in Verification and Valuation of Assets and Liabilities.

CO 104: Supply critical thinking skills and solve auditing problems with the help of real life case studies

CO 105: Summarize the knowledge Depreciation, Provision & Reserve & Interpret the reports prepared by the auditors.

Approach in teaching:

Explanations,

Discussion, Project work.

 

 

Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects.

  

 

12.00
Unit I: 
Introduction:

                                                                              

  • Auditing: Introduction, Meaning, Objectives
  • Basic Principles and Techniques
  • Classification of Audit, Audit Planning
  • Internal Control – Internal Check and Internal Audit

 

12.00
Unit II: 
Audit of Companies:

                                                                               

·       Audit Procedure – Vouching and Verification of Assets & Liabilities.

       Audit of Limited Companies: Company Auditor- Qualifications and     disqualifications, Appointment, Rotation, Removal, Remuneration

12.00
Unit III: 
Auditors Report:

 

·       Auditor’s Report- Contents and Types. Liabilities of Statutory Auditors under the Companies Act 2013

·       Rights & Duties of Auditors.

      Special Areas of Audit: Special features of Tax audit

12.00
Unit IV: 
Recent Trends in Auditing:

                                                         

  • Cost audit and Management audit
  • Recent Trends in Auditing: Basic considerations of audit in EDP Environment
  • Computer aided Audit techniques and tools;

 

12.00
  • Auditing Standards
  • Relevant Case Studies
  • Major Corporate Scandals in India.

 

Essential Readings: 
  • Jain, &KhandelwalAuditingShivam Publisher
  • Jha, A.  Students Guide to AuditingTaxmann
  • Jain, Khandelwal,&PareekAuditing Ramesh Book Depot
  • Singh , A.K.  Auditing Theory & PracticeGalgotia Publishing Company New Delhi
  • Gupta,K.Contemporary Auditing Tata Mc Graw Hill

 

 

 

 

 

References: 

 

  • Sharma, S.D. Auditing  Principle and PracticeTaxmann
  • Sharma, T.R. Auditing Principles and ProblemsSahityaBhawan Agra
  • Gupta &, Arora Fundamental of Auditing Tata Mc Graw Hill

 

e  RESOURCES:

 

REFERENCE JOURNALS

  • IUP Journal of Accounting Research
  • Journal of Emerging Market Finance.
  • IUP Journal Accounting Research and Audit Practices

 

Note : The candidate shall be permitted to use battery operated pocket calculator that should not have more than 12 digits, 6 functions and 2 memories and should be noiseless and cordless.

 

Academic Year: 
2023-2024
  • Printer-friendly version
  • PDF version