Principles and Practice of Auditing

ISBN Number : 978-93-5299-421-2

Student Price : Rs.398

Student Dollar Price : 16$

Book Edition : Second

Year of Publication : 2019

No. Of Pages : 312

Book Weight :0

About The Book

The book explains the concepts, principles and techniques of auditing and their applications in practical situation in easy language. The main objective of writing this book is to make students aware of both practical and theory aspects of auditing, which will help them in their academic career. Therefore, the book will be useful for the students of B.Com., M.Com., MBA and other professional courses. The book explains the different acts and laws regarding various topics of accountancy. It also highlights the traditional and modern aspects of auditing. The book caters to the needs of students to answer the question in the right approach. Written in a student–friendly manner, this book is intended for commerce students of all the universities in India. Simplicity and brevity are the main determinant of this book. The book has 20 chapters covering all the important and latest aspects of auditing. A separate annexure has been added at the end of the book discussing Auditing and Accounting standard (both old and new). A detail list of Companies Act 2013 (new) also has been added with reference to Companies Act 1956 (old) along with recent case studies and terminology. Our endeavor has been to make this book strictly syllabus oriented. We hope our sincere efforts to present the text of the syllabus analytically and methodically is appreciated by students as well as teachers.


Contents -

1. Introduction to Auditing
2. Classification of Auditing
3. General Conduct of an Audit
4. Internal Control, Internal Check and Internal Audit
5. Vouching of Cash Transactions
6. Vouching of Trading Transactions
7. Vouching of Impersonal Transactions
8. Verification of Liabilities
9. Verification of Assets
10. Verification of Financial Statements and Balance Sheet
11. Reserves and Provisions
12. Company Accounts
13. Audit Report
14. Dividend and Divisible Profit
15. Audit of Debentures
16. Audit in EDP Environment
17. Investigation
18. Liabilities of an Auditor
19. Special Audits
20. New Areas of Auditing
Objective Type Questions with Answers
Glossary of Auditing Terms
Significant Legal Decisions
Companies Act, 2013

About The Author

Dr. Biswa Mohana Jena, M.Com., M.Phil., UGC Net, CA Inter, LL.B., PGDRD.

He is currently Head, Department of Commerce and Economics in Netaji Subhas Chandra Bose (A Government Lead) College, Sambalpur. He has worked as Assistant Professor of Finance in National Law University, Cuttack and Lecturer in Department of Rural Development, Ravenshaw University. He had experience of teaching in IMIT, Ravenshaw Junior College, SB Womens College, JKBK College, IGNOU, Ravenshaw University (Department of IMBA, Department of ITM, and Commerce) for the last 8 years. His keen areas of interest are Auditing, Financial Accounting, Cost Accounting, Management Accounting, Business Statistics, Financial Management, Principles of Management, Corporate Accounting, Entrepreneurship, Business Law and Human Resource Management. He has 30 research publications in international journals and presented 40 research papers in national and international forum. He is a vivid writer and has already authored 10 books. He is also Awarded Fellowship by World Business Institute, Australia for academic research activities and body of knowledge. He is also a State Level Rajiv Gandhi Prativa Puraskar Awardee and Rashtriya Nirman Award by NRI Welfare Society, India for distinguished work towards nation as a social worker.

Prof. Sanjay Kumar Satapathy had started the career as a Lecturer in Commerce in  Cuttack College in 1984. Sailing successfully through Gopabandhu Science College, Athgarh; Evening College, Rourkela; Government College, Bhawanipatna; FM College, Balasore; MPC College, Baripada; Rama Devi Womens College, Bhubaneswar; He is now serving at Ravenshaw University, Cuttack. He has specialised interest in QT, Cost Accounting, Auditing, Co-operative Management, Tribal Economy, HRM, HRA, Entrepreneurship, MIS, MSMEs, Culture and Development, Time and Stress Management, Happiness Economics and Media Management. A Ph.D. in Development of Tribal Economy through Co-operatives: A Study on LAMPS of Kalahandi, Prof. Satapathy has guided 12 Ph.Ds., written more than 40 research papers and attended more than 60 seminars / conferences (Regional / State / National / International) in commerce and Management. Bestowed with a  number of awards/honours. He is awarded HIND RATNA for contribution to Education, Society and Culture by NRI Welfare Society and Government of India in  2015. Popular as a spiritual thinker and a Kizenic personality, his pursuit  of  developing learning techniques and grooming students in innovative style makes him a distinguished teacher in Commerce and Management.

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