Auditing and Assurance 4th Edition

Description

The fourth edition of Auditing and Assurance is an essential resource for mastering the rapidly evolving legal environment of the Indian auditing profession. It provides updated knowledge required to navigate the complexities of modern auditing with confidence and integrity.

Extensively rewritten to reflect major developments in the field, this edition is virtually a new book. Designed for both students and professionals, it combines strong theoretical foundations with practical insights to provide a clear and comprehensive understanding of the audit process.

KEY FEATURES

• CARO 2020: Detailed analysis of the new reporting order replacing CARO 2016
• Revised Standards on Auditing (SA): Updated guidance based on standards issued by the Ministry of Corporate Affairs and the NFRA
• The Companies Act, 2013 & Rules 2014: Comprehensive coverage of the new legislative framework
• Ethical Standards: In-depth discussion on the updated Code of Conduct issued by the Institute of Chartered Accountants of India (ICAI)

TABLE OF CONTENTS

• 1. Nature of Auditing
• 2. Audit Engagement
• 3. Different Types of Audit
• 4. Audit Strategy, Audit Planning and Audit Programme
• 5. Risk Assessment and Internal Control
• 6. Techniques and Procedures of Auditing
• 7. Audit of Items of Financial Statements
• 8. Audit Documentation
• 9. Company Audit
• 10. Errors and Frauds in Auditing
• 11. Audit Report
• 12. Divisible Profit and Dividends
• 13. New Areas of Auditing
• 14. Special Audit
• 15. Audit of Banks
• 16. Audit of Accounts of Public Sector Undertakings
• 17. Audit in a CIS Environment
• 18. Ethics in Auditing and Independence of Auditors
• Annexure A: Important Terms used in Standards on Auditing
• Annexure B: Important Case Decisions