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Commerce - Auditing

Auditing | FREE e- Books, Complete Video Tutorials, Question & Answer, Quiz, Tests
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AUDITING

Nature of Auditing
Objective of Audit, Financial Statements, Auditing and Assurance, Standards, Basic Principle of Audit, Scope & Coverage of Audit, Limitations of Audit , Errors and Frauds, Window-Dressing

Basic concepts of Auditing
Audit of Financial Statements, Audit Evidence, Materiality, True and Fair, Accounting Policies, Audit of Accounting Estimates,

Types of Audit
Statutory Audit, Voluntary Audit, Financial Audit, Cost Audit, Management Audit, Internal Audit, Interim Audit, Concurrent Audit, Operational Audit

Audit Process
Audit programme, Audit Planning, Audit Process, Audit Techniques, Audit Procedure, Audit Phases, Audit working papers, Quality control of audit work, Test checking, Surprise checks, Statistical Sampling, Audit Risk, Certificate from Management

Internal control and EDP environment
Internal Control, Internal Control Review, Internal control Testing, Internal control in EDP environment, EDP system Design & Procedures, EDP controls, EDP Auditing, Computer Aided Audit Techniques, Internal Check, Internal Audit

Vouching
Vouching, Detection of Errors, Cash Account, Bank Accounts, Bank Reconciliation

Audit of Income
Cash Receipts, Receipts from Customers, Cash Sales, Bills Receivable, Income from Investments, Rental Receipts, Sale of Assets, Royalties received, Capital Subsidy, Interest and Dividends Received, Insurance Claims, Sale of Scrap, Recovery of Bad Debts, Bankruptcy Dividends, Receipt of Grant
   
Audit of Expenses
Controlled Payments, Transaction with Directors, Remuneration to Directors, Personal Expenses of Directors, Preliminary Expenses, Payment of Taxes, Customs and Excise Duties, Travelling Expenses, Repairs to Assets, Salaries and Wages, Payment of interest on share capital, Advertisement Expenses, Sales Commission, Research and Development Expenditure, Scrutiny of Expense Accounts, Dividends Payments, Insurance Premium

Purchases and Sales
Purchases, Receipt of Materials & Services, Purchase Invoice, Purchases Returns, Inward Expenses, Deliveries, Cash Sale, Consignment Sale, Credit Sales, Empties, Sale on Approval, Sales Returns, Sale under forward contract, Reconciliation of Control Leger with Personal Ledger Accounts

Capital and Revenue Expenditure
Capital Expenditure, Revenue Expenditure, Capitalized Expenses, Deferred Revenue Expenditure, Losses not Written off 

Depreciation
Depreciation, Depreciation provision, Methods of Depreciation, Change of Depreciation Method, Computation of Depreciation, Disclosure of Depreciation, Legal Provision for Depreciation, Revaluation of Fixed Assets, Reserve & Provision

Reserve & Provision
Reserve, Provision, Types of Reserves, Disclosure of Reserve, Secret Reserves, Specific Reserves

Verification of Assets
Assets Verification Principles, Verification of Assets, Verification of inventories, Verification of Investments, Audit of Fixed Assets, Valuation of Intangible Assets, Verification of Other Assets, Verification of Book-Debts, Goods at other Locations, verification of Loans and collateral securities, verification of Advances, Closing Stock, Verification of Outstanding Assets,  

Verification of Liabilities
Trade Creditors, Bills Payable, Borrowings, Dues of Subsidiary Companies, Debentures, Outstanding Liabilities, Contingent Liability, Deferred Tax Liability    

Miscellaneous Verifications
Self-balancing and sectional balancing ledgers, Events Occurring After the Balance Sheet Date, Subsequent Events, Prior Period Items, Extraordinary Items, Changes in Gross Profit, Opening Balances, Related Party Transactions

Auditor
Qualification of an Auditor, Disqualification of an Auditor, Indebtedness of Auditor, Appointment of Auditor, Audit Engagement, Ceiling on Number of Audits, Auditor's Remuneration, Removal of Auditors, Duties of Auditors, Auditor’s Lien

Audit Report
Statutory Report, Audit Report, Types of Audit Reports, Comparatives, Auditor's Report under CARO, Specimen Audit Report, Specimen Qualified Audit Report, Signing of Audit Report

Company Audit
Statutory Compliance of Company Audit, Enclosure to Balance Sheet, Payment of Interest Out of Capital, Matters requiring sanction in General Meeting, Matters requiring sanction of Central Government, Transaction Authorised by Directors / Shareholders, Audit of Share Capital, Share Transfer Audit, Issue of Bonus Shares, Debentures Issue, Charges on Debenture, Redemption of Debentures, Interest on Debentures, Dividends, Reserves and Surplus, Borrowings, Miscellaneous Expenditure, Audit of Branch Office Accounts, Branch Auditor, Joint Audit, Special Audit, Cost Audit, Statutory Disclosures   

Government Audit
Comptroller & Auditor General, Government Audit, Regularity Audit, Propriety Audit, Performance audit, Audit of Receipts, Audit of Stores and Stocks, Audit of Commercial Accounts, Audit of Government companies, Reporting of C & AG Audit

Audit of Local Bodies & NGOs
Local Bodies, Audit of Local Bodies, Audit objectives of Local Bodies, Audit of Non-Governmental Organisations,

Audit of Small Organisations
Audit of Firms & Small Companies, Audit of Partnership Firm, Audit of Incomplete Records, Audit of Small Companies, Audit of Charitable Institutions, Audit of Educational Institutions, Audit of Hospital, Audit of Club, Audit of Cinema, Audit of Hotels, Audit of Hire Purchase and Companies, Audit of Leasing Companies, Audit of Service Organisations.


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