BCH 504

Auditing
Unit-I
Audit and Audit Process – (a) Audit: Meaning, Function , Importance, Objectives and
various classes of audit , limitations of audit.

(b) Audit process : Internal control , Internal Audit , Internal Check , Audit Planning , Audit
Programme, Evidence and working Papers, Audit Sampling .

Unit-II
Routing Checking vouching , Verification and valuation of assets and liabilities.

Unit-III
Audit of limited companies – Qualification and appointment of company audit their power ,
duties and liabilities , audit of share capital and debenture , share transfers and managerial
remuneration .

Unit–IV
Depreciation and reserves, Divisible Profits and dividend Investigation- Meaning ,
Objective , Difference between Auditing and Investigation, various classes of investigation.

UNIT–V
Auditors Communication- Standard and Qualified Reports, Statutory Report.