Principles and Practice of Auditing

Author(s): Nazia Sultana

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  • Language:
  • English
  • Genre(s):
  • Other Textbooks
  • ISBN13:
  • 9789355740243
  • ISBN10:
  • 9355740247
  • Format:
  • Paperback
  • Trim:
  • 8x10
  • Pages:
  • 330
  • Publication date:
  • 22-Oct-2021
  •   Available, Ships in 3-5 days
  •   10 Days Replacement Policy
  •   Sold & Fullfilled by WalnutPublication
Book Blurb

The enormous growth in trade and commerce as a result of industrial revolution and subsequent liberalisation of trade has placed tremendous pressures on accounting and auditing professionals. Reliable information that facilitates business decisions is affected by rapid growth of information technology and businesses need sufficient reliable information which can be obtained through some verification performed by independent persons. Auditing has permanently evolved, answering such questions. Governments of many nations mandated companies to make provisions for accounts of companies to be checked and reported by people other than the managers of the company. Given the non- transparent governance practices in boards and management of big corporations, it becomes imperative to adopt strict auditing and corporate governance practices.

This book is an attempt to introduce to learners the concept of auditing and its relevance in current times. The growing importance of auditing can be gauged from the formulation of auditing standards; this aspect of standards of auditing and procedure for issue of standards of auditing by AASB has been discussed extensively in this book. The book also renders to its readers an understanding of auditor’s duties and liabilities, explained diagrammatically alongside imparting knowledge on commencement of auditing and auditing process. It also describes in detail the mechanisms of internal control, internal check and internal audit, highlighting the differences between these three concepts. The process of vouching, which is the foundation of audit process, is well documented for vouching of trading and cash transactions. As information technology has become pervasive in every field, auditing is no exception and therefore the author attempted to describe auditing in an EDP environment. Readers of the book would find it interesting to read about verification and valuation of assets and comprehend the role of audit committees and audit reports.

The book would serve as an essential reading for all students of Commerce and those pursuing professional courses of accounting and auditing. It also comes handy for students pursuing B.Com. from Universities in the State of Telangana as the book is planned and written in accordance with the revised CBCS syllabus.

Nazia Sultana
Nazia Sultana

Dr. Nazia Sultana is a NET- JRF holder, a Gold medalist and a University Rank holder. She holds a PhD from School of Management Studies, University of Hyderabad. She specializes in the area of Marketing and her other areas of interest include entrepreneurship and business strategy. She has won several best papers at international and national conferences and has published articles in Scopus, UGC CARE listed and referred international journals and journals of national repute. She is the project director for an ICSSR sponsored project under its IMPRESS scheme. She has authored three books and contributed book chapters in international and national edited volumes and is currently working on innovation, entrepreneurship, sustainability and services marketing. She has held various positions such as Head, Department of Business Administration, University College for Women, Osmania University. She has also held various portfolios such as Head, Chairman –BoS at the Department of Commerce, student advisor & counsellor and additional controller of examinations at University College for Women, Osmania University. Reading religion, philosophy and writing poetry are a part of her leisure activities.

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