Auditing and Assurance

Introduction to Auditing: Meaning, Objectives, Advantages, Limitations and Types of Audit

Audit Planning: Audit Programme, Working Papers, Documentation and Audit Evidence (Basics)

Internal Control and Internal Check: Concepts, Objectives, Limitations and Auditor’s Role

Vouching: Meaning, Objectives, Principles and Vouching of Key Transactions

Verification and Valuation of Assets and Liabilities: Audit of Balance Sheet Items

Audit of Limited Companies: Appointment, Rights, Duties and Liabilities of Company Auditor

Audit Report: Types, Qualifications, Audit Opinion and Basic Elements of Audit Report

Audit of Specific Institutions: Banks, Insurance and Educational Institutions (Overview)

Errors and Frauds: Types, Detection, Prevention and Auditor’s Responsibility

Professional Ethics and Audit Standards (Basics): Independence, Confidentiality and Due Care