Principles of Audit and Internal Auditing /
Duttachowdhury Dhruba,
Principles of Audit and Internal Auditing / Dhruba Duttachowdhury. - London: New central book agency (P) Ltd, c2016. - xiv,248 p. ill. 24 cm
SECTION 1: PRINCIPLES OF AUDIT
Part 1:
CHAPTER
1 Auditing- its evolution, evaluation and major factors influencing
1. Evolution of auditing profession in India
2. Development of auditing profession- an evaluation
3. is auditing a profession?
4. Factors influencing the development of auditing
5. Objectives of auditing and audit function
CHAPTER
2 Auditing-its nature, scope and basic concepts
1. Fundamental postulates
2. components
3. Essential features
4. functional approaches of auditing
5. Contractual basics of auditing
CHAPTER
3 Evidence- its role in auditing
1. importance and necessity of audit evidence
2. types of audit and evidence
3. role of evidence in auditing
4. evaluation of evidence
5. characteristics and constraints of evidence
Part: 2
CHAPTER
4 Auditing techniques and practices
1. auditing techniques vs auditing procedures
2. basic techniques and principle procedures of auditing
3. kinds of auditing practices under different legislations in India
4. audit-work quality control- a part of standard auditing practice
5. auditing practices in relation to the technical advice sought from experts
CHAPTER
5 Generally accepted auditing standards
1. importance and objectives in general
2. auditing standards and procedures distinction
3. concept, meaning, and premises
4. what are those standards
5. importance of individual standards
6. elements of quality control in audit
CHAPTER
6 Audit risk and materiality in conducting an audit
1.audit risk and its assessment criteria
2. Audit risk and materiality at the account balance and class of transaction level
3. materiality- definition and concept
4. materiality and audit programmes
5. materiality and evidential matter
Part : 3
CHAPTER
7 Planing and programming of audit
1. auditor's consideration planning, programming and supervision
2. planing in relation to new and existing clients
3. audit work delegation- direction, supervision and review
4. general quality control policies
5. audit programme and allied notes
6. planing the flow of audit work phases
CHAPTER
8 Analytical review procedures- concept, ratio analysis, trend analysis- inter-firm and intra-firm comparison- considerations in audit
1. analytical review procedures (ARP)- definition,objectives, audit application stages and auditor's considerations
2. ratio analysis, trend analysis, variance analysis- concepts and illustrations
3. ratios- purpose and utility
4. common- size financial statements
CHAPTER
9 Internal control- its nature, evaluation and audit, internal questionnaires.
1.objectives, characteristics and limitations
2. internal control questionnaires and internal control evaluation
3. importance in internal auditing
4. study and evaluation of internal controls
5. auditor's approach and evaluation model
CHAPTER
10 Computerized accounting system- auditor's evaluation of internal controls
1. List of controls and audit procedures
CHAPTER
11 Audit in EDP enviroment
1. EDP system characteristics
2. EDP system controls
3. auditing in an EDP enviroment
4. EDP accounts system peculiarities and audit criteria
5. EDP audit plan development
CHAPTER
12 Computer assisted audit techniques
1. concepts and types of CAAT'S
2. uses in audit
3. auditor's factor considerations
4. steps in CAAT application
5. control procedures for audit objectives
6, audit working papers in CAAT
7. Use of CAAT in small business
8. limitations in application of CAAT
CHAPTER
13 System audit and auditing flow charts
1. system audit- concept
2. system audit- steps and illustrative chart
3. EDP and manual system- similarities and differences
4. job responsibilities in EDP system
5. recommended steps for system improvements
6. audit flow chart
Part : 4
CHAPTER
14 Accounting concepts, policies and principles, etc: disclosure and objectivity in audit
1. Fundamental accounting concepts
2. accounting policy
3. Financial statements, generally accepted accounting principles (GAAP), comprehensive basis of accounting other than GAAP
4.Consistency concept, objectives and audit factors
5. truth and fairness, objectivity and disclosure in audit
6. going concern concept and audit considerations
CHAPTER
15 Auditing in depth: test checks and statistical sampling
1. major parts of audit process
2.test check
3. statistical sampling and audit scope
importance of statistical sampling methods in audit planning and execution
4. audit sampling, and sampling methods
5. aspects for sampling application
6. compliance tests and substantive tests
CHAPTER
16 Financial auditor, cos auditor and internal auditor relationship
1. functional relationship between financial auditor and cost auditor
2. similarity and difference between internal auditor and cost auditor
3. is statutory auditor relieved of liabilities as he relied on internal auditor
4. functional relationship between internal auditor and cost auditor
5. differences between internal audit and financial audit
CHAPTER
17 Cost audit, Financial audit and Tax audit
1.cost audit and financial audit difference
2. scope and characteristics of cost audit
3. purpose and potentials of cost audit
4. cost audit leading to efficiency audit
5. cost audit and salient feature
CHAPTER
18 statutory auditor- His appointment, rights, duties, Liabilities, etc
1.financial auditor qualifications and disqualifications
2. Qualities of a finial auditor
CHAPTER
19 Professional ethics and code of conduct
1. professional ethics, professional misconduct and professional negligence
2. professional ethics requirements
Part : 5
CHAPTER
20 Provisions of the companies act and auditor"s responsibility
CHAPTER
21 Assets and liabilities verification an valuation
CHAPTER
22 Audit of banks, insurance companies, hospitals ,etc
CHAPTER
23 Audit of public sector companies and government audit
CHAPTER
24 Review of accounts on an overall basis; Balance sheet audit , etc
CHAPTER
25 Audit reports and certificates, notes and qualifications
CHAPTER
26 Dividends and divisible profits ; Financial , legal and and policy considerations
CHAPTER
27 Miscellaneous
SECTION 11 : INTERNAL AUDITING
Part : one
CHAPTER
1 Nature and scope of internal auditing
CHAPTER
2 Impact of the macro 1975 on the internal auditing function
CHAPTER
3 Organization of the internal auditing function
CHAPTER
4 Planning the internal audit project
Part : Two
CHAPTER
5 Verification of evidence in internal auditing and statistical sampling
CHAPTER
6 Flow chart techniques in internal audit
CHAPTER
7 Internal controls and the internal auditor
CHAPTER
8 Field work in internal auditing
CHAPTER
9 Internal audit notes and working papers
Part ; Three
CHAPTER
10 Internal audit reports and summary reports to Top management
CHAPTER
11 Communication in internal auditing
CHAPTER
12 Auditing the functions of an enterprise
CHAPTER
13 Internal auditor and the investigation of fraud
CHAPTER
14 Auditing the internal audit function
9788173813094
657.458 / DUT
Principles of Audit and Internal Auditing / Dhruba Duttachowdhury. - London: New central book agency (P) Ltd, c2016. - xiv,248 p. ill. 24 cm
SECTION 1: PRINCIPLES OF AUDIT
Part 1:
CHAPTER
1 Auditing- its evolution, evaluation and major factors influencing
1. Evolution of auditing profession in India
2. Development of auditing profession- an evaluation
3. is auditing a profession?
4. Factors influencing the development of auditing
5. Objectives of auditing and audit function
CHAPTER
2 Auditing-its nature, scope and basic concepts
1. Fundamental postulates
2. components
3. Essential features
4. functional approaches of auditing
5. Contractual basics of auditing
CHAPTER
3 Evidence- its role in auditing
1. importance and necessity of audit evidence
2. types of audit and evidence
3. role of evidence in auditing
4. evaluation of evidence
5. characteristics and constraints of evidence
Part: 2
CHAPTER
4 Auditing techniques and practices
1. auditing techniques vs auditing procedures
2. basic techniques and principle procedures of auditing
3. kinds of auditing practices under different legislations in India
4. audit-work quality control- a part of standard auditing practice
5. auditing practices in relation to the technical advice sought from experts
CHAPTER
5 Generally accepted auditing standards
1. importance and objectives in general
2. auditing standards and procedures distinction
3. concept, meaning, and premises
4. what are those standards
5. importance of individual standards
6. elements of quality control in audit
CHAPTER
6 Audit risk and materiality in conducting an audit
1.audit risk and its assessment criteria
2. Audit risk and materiality at the account balance and class of transaction level
3. materiality- definition and concept
4. materiality and audit programmes
5. materiality and evidential matter
Part : 3
CHAPTER
7 Planing and programming of audit
1. auditor's consideration planning, programming and supervision
2. planing in relation to new and existing clients
3. audit work delegation- direction, supervision and review
4. general quality control policies
5. audit programme and allied notes
6. planing the flow of audit work phases
CHAPTER
8 Analytical review procedures- concept, ratio analysis, trend analysis- inter-firm and intra-firm comparison- considerations in audit
1. analytical review procedures (ARP)- definition,objectives, audit application stages and auditor's considerations
2. ratio analysis, trend analysis, variance analysis- concepts and illustrations
3. ratios- purpose and utility
4. common- size financial statements
CHAPTER
9 Internal control- its nature, evaluation and audit, internal questionnaires.
1.objectives, characteristics and limitations
2. internal control questionnaires and internal control evaluation
3. importance in internal auditing
4. study and evaluation of internal controls
5. auditor's approach and evaluation model
CHAPTER
10 Computerized accounting system- auditor's evaluation of internal controls
1. List of controls and audit procedures
CHAPTER
11 Audit in EDP enviroment
1. EDP system characteristics
2. EDP system controls
3. auditing in an EDP enviroment
4. EDP accounts system peculiarities and audit criteria
5. EDP audit plan development
CHAPTER
12 Computer assisted audit techniques
1. concepts and types of CAAT'S
2. uses in audit
3. auditor's factor considerations
4. steps in CAAT application
5. control procedures for audit objectives
6, audit working papers in CAAT
7. Use of CAAT in small business
8. limitations in application of CAAT
CHAPTER
13 System audit and auditing flow charts
1. system audit- concept
2. system audit- steps and illustrative chart
3. EDP and manual system- similarities and differences
4. job responsibilities in EDP system
5. recommended steps for system improvements
6. audit flow chart
Part : 4
CHAPTER
14 Accounting concepts, policies and principles, etc: disclosure and objectivity in audit
1. Fundamental accounting concepts
2. accounting policy
3. Financial statements, generally accepted accounting principles (GAAP), comprehensive basis of accounting other than GAAP
4.Consistency concept, objectives and audit factors
5. truth and fairness, objectivity and disclosure in audit
6. going concern concept and audit considerations
CHAPTER
15 Auditing in depth: test checks and statistical sampling
1. major parts of audit process
2.test check
3. statistical sampling and audit scope
importance of statistical sampling methods in audit planning and execution
4. audit sampling, and sampling methods
5. aspects for sampling application
6. compliance tests and substantive tests
CHAPTER
16 Financial auditor, cos auditor and internal auditor relationship
1. functional relationship between financial auditor and cost auditor
2. similarity and difference between internal auditor and cost auditor
3. is statutory auditor relieved of liabilities as he relied on internal auditor
4. functional relationship between internal auditor and cost auditor
5. differences between internal audit and financial audit
CHAPTER
17 Cost audit, Financial audit and Tax audit
1.cost audit and financial audit difference
2. scope and characteristics of cost audit
3. purpose and potentials of cost audit
4. cost audit leading to efficiency audit
5. cost audit and salient feature
CHAPTER
18 statutory auditor- His appointment, rights, duties, Liabilities, etc
1.financial auditor qualifications and disqualifications
2. Qualities of a finial auditor
CHAPTER
19 Professional ethics and code of conduct
1. professional ethics, professional misconduct and professional negligence
2. professional ethics requirements
Part : 5
CHAPTER
20 Provisions of the companies act and auditor"s responsibility
CHAPTER
21 Assets and liabilities verification an valuation
CHAPTER
22 Audit of banks, insurance companies, hospitals ,etc
CHAPTER
23 Audit of public sector companies and government audit
CHAPTER
24 Review of accounts on an overall basis; Balance sheet audit , etc
CHAPTER
25 Audit reports and certificates, notes and qualifications
CHAPTER
26 Dividends and divisible profits ; Financial , legal and and policy considerations
CHAPTER
27 Miscellaneous
SECTION 11 : INTERNAL AUDITING
Part : one
CHAPTER
1 Nature and scope of internal auditing
CHAPTER
2 Impact of the macro 1975 on the internal auditing function
CHAPTER
3 Organization of the internal auditing function
CHAPTER
4 Planning the internal audit project
Part : Two
CHAPTER
5 Verification of evidence in internal auditing and statistical sampling
CHAPTER
6 Flow chart techniques in internal audit
CHAPTER
7 Internal controls and the internal auditor
CHAPTER
8 Field work in internal auditing
CHAPTER
9 Internal audit notes and working papers
Part ; Three
CHAPTER
10 Internal audit reports and summary reports to Top management
CHAPTER
11 Communication in internal auditing
CHAPTER
12 Auditing the functions of an enterprise
CHAPTER
13 Internal auditor and the investigation of fraud
CHAPTER
14 Auditing the internal audit function
9788173813094
657.458 / DUT