Auditing

Paper Code: 
25DATG601B
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

This course will enable the students to apprise with basic concepts of Auditing & give an overview of various related aspects

 

Course Outcomes: 

Course

Learning Outcomes (at Course Level)

Learning and

teaching strategies

Assessment Strategies

Course Code

Course Title

 

 

 

 

 

 

25DATG601B

 

 

 

 

 

 

Auditing

(Theory)

CO151:              Interpret                 the

basic working knowledge

of    the    Audit       and   its

terminologies.

CO152:                Compile                  the

fundamental principles and

techniques    of               auditing,

focusing specifically on the

vouching,    audit    of ltd

companies and auditor’s qualifications.

CO153: Develop the skill

to prepare the auditor’s

report complying rights and

duties along with

certain aspects of tax audit

CO154:                Identify                  and

analyze recent trends in

auditing, with a focus on

emerging           challenges,

Technological

advancements, regulatory

developments, and

evolving        audit

methodologies.

CO155:.                Classify                   the

framework of standards on

auditing       along with

relevant case studies and

certain scandals.

CO156:            Contribute

effectively     in course-

specific interaction

Approach

in

teaching:

Interactive

Lectures,

Discussion,

Tutorials,

Problem solving

sessions,

Presentations

Learning

activities

for the

students:

Self-learning

assignments, Case

Study analysis,

Presentations, Group

discussions

Continuous

Assessment Test,

Semester End

Examinations, Quiz,

Solving numerical

problems,

Assignments, Class

Presentations,

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
Unit V: 
Practical Scenario of Audit
  • Auditing Standards
  • Relevant Case Studies
  • Major Corporate Scandals in India.

 

Essential Readings: 
  • Auditing: Jain, Khandelwal (Shivam Publisher)
  • Students Guide to Auditing: Aruna Jha (Taxmann)
  • Auditing: Jain, Khandelwal, Pareek (Ramesh Book Depot)
  • Auditing Theory & Practice: A.K Singh ( Galgotia Publishing Company New Delhi)
  • Contemporary Auditing: Kamal Gupta (Tata Mc-Graw Hill)

 

 

References: 
  • Auditing: Principle and Practice, S.D Sharma(Taxmann)
  • Auditing Principles and Problems: T.R Sharma (Sahitya Bhawan Agra)
  • Practical Auditing: Spicer& Pegler
  • Fundamental of Auditing: Gupta &Arora(Tata Mc Graw Hill)

 

Academic Year: 
2025-2026
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