Assam University Bcom Syllabus 5th SEMESTER AUDITING

Assam University Bcom Syllabus 5th SEMESTER AUDITING click here to download now

B. COM 5th SEMESTER

AUDITING

BCMP 502 (PASS PAPER)

Objective: This course aims at imparting knowledge about the principles and method of auditing.

Full Marks -50

UNIT 1 

ELEMENTS OF AUDITING 10

1.1 Audit, Nature, Objects, Scope, Merits and Demerits.
1.2 Classification of Audit
1.3 Accounting vs. auditing
1.4 Detection and prevention of errors and frauds

UNIT 2 

PREPARATION AND CONDUCT OF AUDIT 10

2.1 Audit programmes: preparation, advantages and disadvantages
2.2 Audit note book, contents, advantages and limitations.
2.3 Internal control, internal check and internal audit

UNIT 3 

VOUCHING AND VERIFICATION AND VALUATION OF ASSETS AND LIABILITIES 10

3.1 Vouching- Meaning, Features, Objects & Importance.
3.2 Vouching of Cash receipts and cash payments transactions
3.3 Verification: Meaning, Objectives, Steps and Necessity.
3.4 Verification & valuation of Different Assets: Land & Building, Plant & Machinery, Furniture, patents and Trademarks, Investment, Book Debts, Stock in Trade.

UNIT 4 

AUDIT OF LIMITED COMPANIES 10

4.1 Appointment of Company Auditor, Removal, Remuneration.
4.2 Powers, Duties, Liabilities of Company Auditor.
4.3 Divisible profits and Dividend.

UNIT 5

INVESTIGATION AND AUDIT OF TYPICALORGANISATION 10

5.1 Investigation: Meaning, Objectives, Distinction Between Investigation and Auditing.
5.2 Audit of Typical Organisation: Club, Hospital, Educational Institution, Hotel, Co-operative Society, NGO.

Suggested Readings

1. K.C. Shekhar and L. Shekhar: Auditing, Vikas Publishing House Pvt. Ltd., New Delhi.
2. B.N. Tandon: Principles of Auditing, S. Chand & Co., New Delhi.
3. R.G. Saxana: Auditing, Himalaya Publishing House, New Delhi.