Auditing

Paper Code: 
BSG 511
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

The students would be able to acquire knowledge related to functions associated with banking and banking services and technology.

9.00
Unit I: 
Banks

Auditing: Meaning, Objects, Fraud, Errors, Book-Keeping Accounting and Auditing, Classification of audits, Planning and procedure of audit, Audit Programmes; Auditors working papers, Test Checking and Routine Checking

 

9.00
Unit II: 
Banker- Customer Relationship

Internal Control and Internal Check System- Meaning, Objectives and evaluation of internal control, Internal check and internal audit, Internal Control regarding sales, purchases, asset liabilities and salaries and wages.

9.00
Unit III: 
Unit 3
Negotiable Instruments

Audit Procedure-Meaning, Objective and Importance of Vouching, Vouching and Routing Checking, General Principle of Vouching, Vouching of different item of transactions,
Verification and Valuation of Assets and Liabilities With special reference to Plant & Machinery, Building, Goodwill, Patent, Copy Right, Investment, Debtors, Inventories, Share Capital and Loans, Contingent Liabilities and Contingent Assets ; Rules laid down in Kingston Cotton Mills Co Ltd, Irish Woolen Co Ltd

 

9.00
Unit IV: 
Unit 4
Presentment

Audit of Joint Stock Companies: Appointment, removal and remuneration of company auditor, Audit of share capital, debentures and managerial remuneration, Audit for the purpose of statutory reports and prospectus. Rights, duties and liabilities of an auditor laid down in London and General

 

9.00
Unit V: 
Unit 5
Financial Inclusion and LIiteracy

Divisible Profits and Dividends
Divisible Profits and Dividends with legal provisions of Companies Act(With special reference to (depreciation) and relevant Case Laws
Auditors Report: Definition, Distinction between Auditor’s Report and Auditor’ Certificate, Contents of Auditor’s Report, Classification (Clean, Qualified ,Disclaimer )

 

Essential Readings: 

. Auditing: Jain, Khandelwal(Shivam Publisher)
2. Students Guide to Auditing: Aruna Jha(Taxmann)
3. Auditing: Jain, Khandelwal, Pareek(Ramesh Book Depot)
4. Auditing Theory & Practice: A.K Singh ( Galgotia Publishing Company New Delhi)

References: 

1. Contemporary Auditing: Kamal Gupta(Tata Mc-Graw Hill)
2. Auditing: Principle and Practice, S.D Sharma(Taxmann)
3. Auditing Principles and Problems: T.R Sharma (Sahitya Bhawan Agra)
4. Practical Auditing: Spicer& Pegler
5. Fundamental of Auditing: Gupta & Arora(Tata Mc Graw Hill)

Academic Year: 
2015-2016
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