Principles and Practice of Auditing

Description

Auditing is essentially a practical subject but the knowledge of its principles is equally important. An attempt has been made to acquaint the readers not only with the practical aspects of auditing but also with a theoretical background to the subject. With this end in view, the basic principles of auditing have been explained in an easily understandable way in leading cases with relevant facts have also been discussed.

The latest provisions of the Company Law, 2013 other Acts relating to the auditor and auditing and the various views expressed and the recommendations of professional bodies on certain aspects of auditing such as internal audit, independent auditor, stock-in-trade and liabilities of joint auditors, have been incorporated and discussed where appropriate. Special attention has been given to the audit of Banking, Insurance and Cooperative Societies.