Introduction to auditing
Unit 1 INTRODUCTION TO AUDITING Introduction – Meaning - Definition – Objectives – Differences between Accountancy and Auditing – Types of Audit - Advantages of Auditing – Preparation before commencement of new Audit – Audit Notebook – Audit Working Papers – Audit Program, Recent Trends in Auditing: Nature & Significance of Tax Audit – Cost Audit - Management Audit. Forensic audit Tally ERP 9 Auditors Edition: Introduction, features, characteristics – Tally.Net: features – requirements for remote connectivity – Access information via SMS, Safeguard Data – Automated Backup and Recovery. E-Auditing-meaning, uses and limitations, auditing the auditor Meaning of auditing Audit is the examination of various books of accounts by an auditor followed by physical checking of inventory to make sure that all departments are following documented system of recording transactions. Definition of auditing some of the definition are: “Auditing is an examination of accounting recor...