AUDITING: PRINCIPLES AND PRACTICE

The book discusses in detail, classification and preparation of an audit, internal control system, internal audit, vouching of cash, trading and impersonal ledgers in addition to other topics. The book is intended to serve as an indispensable text for undergraduate students of commerce as well as for CA and ICWA aspirants. Contemporary topics have been covered in the book to enlighten readers with the latest developments in the field of auditing, such as cost audit, tax audit, environmental audit and energy audit. • Cost Audit chapter based on the latest Companies (Cost Records and Audit) Rules, 2014, issued by MCA.. New to this Edition• The Companies Act, 2013 (based on new company law). Besides, it deals with verification and valuation of assets and liabilities, company audit, cost audit, management audit, tax audit, bank audit as well as depreciation. • Internal Audit chapter especially updated in the light