Auditing Bangalore North University BCOM SEP 2024-25 5th Semester Notes

Unit 1
Auditing, Meaning, Definition, Nature, Importance and Limitations, Relationship of Auditing with other Disciplines VIEW
Basic Principles governing an Audit VIEW
Ethical Principal VIEW
Concept of Auditor’s Independence VIEW
Standards on Auditing and Guidance Notes: Overview VIEW
Standard-setting Process VIEW
List of Standards on Auditing issued by the ICAI VIEW
List of Guidance Note(s) VIEW
Unit 2
Concept of Materiality, Materiality in Planning and Performing an Audit, Auditor’s Responsibility to apply the Concept of Materiality VIEW
Internal Control: Evaluation of Internal Control System, Testing of Internal Control VIEW
Internal Control and IT Environment VIEW
Digital Audit: Key Features of an Automated Environment, Impact of IT related Risks, Impact on Controls, Internal Financial Controls as per Regulatory requirements, Types of Controls VIEW
Audit approach VIEW
Understanding and Documenting Automated environment VIEW
Unit 3
Auditing engagement VIEW
Audit Planning (SA 300 Planning an Audit of Financial Statements) VIEW
Audit Programme VIEW
Control of Quality of Audit Work VIEW
Delegation and Supervision of Audit Work VIEW
Audit Documentation (SA 230 Audit Documentation) VIEW
Audit Working Papers VIEW
Audit Files: Permanent and Current Audit Files, Ownership and Custody of Working Papers, VIEW
Obtaining Audit Certificate VIEW
Audit evidence (SA 500 Audit Evidence): Audit procedures for Obtaining Evidence, Sources of evidence Reliability of Audit Evidence, Methods of Obtaining Audit evidence, Physical Verification VIEW
Audit Trail, Direct Confirmation, Re-computation, Analytical review Techniques, Representation by Management VIEW
Audit Sampling (SA 530 Audit Sampling): Meaning of Audit Sampling, Designing an audit Sample, Types of Sampling (Approaches to Sampling), Sample Size and Selection of items for Testing, Sample Selection Methods VIEW
Unit 4  
Vouching: Meaning and Objectives, Procedure of Vouching VIEW
Audit of Payments, Audit of Receipts, Audit of Purchases, Audit of Sales VIEW
Audit of Supplier’s Ledgers VIEW
Audit of Debtor’s Ledger VIEW
Verification: Meaning and Objectives, Impersonal Ledger, Audit of Assets and Liabilities VIEW
Valuation: Meaning and Objectives VIEW
Inventory Valuation VIEW
Unit 5  
Company Audit, Audit of Shares VIEW
Qualifications and Disqualifications of Auditors VIEW
Appointment of Auditors, Removal of Auditors, Powers and Duties of Auditors VIEW
Branch audit, Joint audit, Special audit VIEW
Reporting Requirements under the Companies Act, 2013 VIEW
Audit Report: Qualifications, Disclaimers, Adverse Opinion, Disclosures, Reports and Certificates VIEW

One thought on “Auditing Bangalore North University BCOM SEP 2024-25 5th Semester Notes

Leave a Reply

error: Content is protected !!