Auditing: Concepts & Application

This book comprises novel approach to the study of Auditing by considering mandatory guidelines of Indian Accounting standards for Undergraduate students of Indian universities & other professional examinations. The development of modern accountancy and the growth of auditing profession in India and, indeed, in the world as a whole must be seen in the context of the enormous expansion of industry, trade and commerce which has taken place in the last decade. The auditing profession is now going beyond the duties prescribed by the Companies Act. It is initiating its own accounting standards, and auditing regulations and guidelines. This book comprises the following unique features:-

The book covers all the topics required for B.com students of different Indian universities & professional courses.
The contents include actual case studies related to Auditing for making clarity of the content.
It includes questions based on all topics.
The subject index is updated as per requirement of Course.
The book comprises simple language & attains the purpose of user friendly approach.
The book can be used for examination by Under Graduate students of Commerce.
In this book students may find it very convenient to learn. Every effort has been made to present subject matter in a very simple and systematic manner to help students achieve required level of proficiency and desired level of success.

Dr. Renuka Bakshi, Ph.D in Management is exceptionally seasoned and knowledgeable Accounting & Finance academician with a stellar teaching and academic service record. She is presently working as Associate Professor (Finance) at all graduate and undergraduate level in Amity University Uttar Pradesh, Noida.

Dr. Swaricha Johri is currently working as an Assistant Professor in Amity University Noida

This book presents a comprehensive and student-oriented approach to the study of Auditing, incorporating the mandatory guidelines of the Indian Accounting Standards and the latest developments in the auditing profession. Designed primarily for undergraduate students of Commerce in Indian universities, it also serves as a valuable resource for candidates preparing for various professional examinations.

The rapid growth of industry, trade, and commerce has significantly transformed the accounting and auditing landscape in India and across the world. With increasing regulatory requirements and evolving corporate governance practices, the role of auditors has expanded far beyond the traditional responsibilities prescribed under the Companies Act. Modern auditing now encompasses adherence to professional standards, ethical practices, auditing regulations, and evolving accounting frameworks. This book provides students with a clear understanding of these developments while building a strong foundation in the principles and practices of auditing.

Structured in accordance with the syllabi of various Indian universities, the book covers all the essential topics required for undergraduate Commerce courses. It explains auditing concepts in a simple, systematic, and easy-to-understand manner, enabling students to grasp both theoretical principles and their practical applications. The inclusion of real-life case studies enhances conceptual clarity by demonstrating how auditing practices are applied in actual business situations.

To support effective learning and examination preparation, each chapter includes a variety of practice questions covering all major topics. The book also features an updated subject index aligned with current course requirements, making it a convenient reference for students and educators alike.

Written in clear and accessible language, this book follows a user-friendly approach that makes even complex auditing concepts easy to comprehend. Every effort has been made to present the subject matter logically and systematically, helping students develop the knowledge, analytical skills, and confidence required for academic success and professional growth.

Combining theoretical concepts with practical insights, this book is an ideal companion for B.Com students, aspiring accounting professionals, teachers, and anyone seeking a solid understanding of auditing principles and practices in the Indian context.