AUDIT MANAGEMENT

INTRODUCTION TO AUDITING:
1.1 Objectives
1.2 Introduction -an overview of auditing
1.3 Origin and evolution
1.4 Definition
1.5 Salient features
1.6 Scope of auditing
1.7 Principles of auditing
1.8 Objects of audit
1.9 Detection and prevention of fraud 1.2
1.10 Concept of “true and fair view"
1.11 Advantages of audit
1.12. Limitations of audit
1.13. Let us sum up.
1.14. Keywords.

INTRODUCTION TO AUDITING II:

2.0 Objectives
2.1 Meaning And Definition Of Errors And Frauds
2.2 Reasons And Circumstances
2.3 Types Of Errors
2.4 Types Of Frauds
2.5 Risk Of Fraud And Error In Audit
2.6 Auditor‘s Duties And Responsibilities In Respect Of Fraud
2.7 Basic Principles Of Audit
2.8 Audit Types
2.9 Accounting Concept Relevant To Auditing

AUDIT PLANNING:
3.0 Objectives
3.1 Meaning:
3.2 Objectives Of Planning
3.3 Factors To Be Considered
3.4 Sources Of Obtaining Information
3.5 Development Of An Overall Plan
3.6 Meaning Of Audit Programme
3.7 Factors Advantages And Disadvantages Of Audit Programme
3.8 Audit Working papers

AUDITING TECHNIQUES AND INTERNAL

AUDIT INTRODUCTION I
4.0 Objectives
4.1 Test Checking Meaning
4.2 Features Of Test Checking
4.3 Factors To Be Considered
4.4 Advantages And Disadvantages Of Test Checking
4.5 Test Checking Vs Routing Checking
4.6 Audit Sampling

INTERNAL CONTROL:
5.1 Objectives
5.2 Introduction
5.3 Meaning and definition of internal control
5.4 Forms of internal control
5.5 Internal audit
5.6 Internal check

VOUCHING:
6.0 Objetive
6.1 Vouching
6.2 Importance of vouching
6.3 Test Checking
6.4 Test Checking / Auditing in depth
6.5 Exercises
6.6 Audit Of Expenditure Purchase

VERIFICATION AND VALUATION OF ASSETS AND LIABILITIES:

7.0 Meaning of verification
7.1 Points to be considered
7.2 Scope of verification
7.3 Object of verification
7.4 Advantages of verification
7.5 Techniques of verification
7.6 Verification of assets
7.7 Valuation of assets
7.9 Verification of assets – Illustrations
7.10 An Auditor is not a valuer
7.11 Verification of Liabilities
7.12 Difference Between vouching and verification
7.13 Stock verification
7.14 Valuation of Stock-in-trade
7.15 Verification and Valuation of goods on Consignment
7.16 Exercises

INTRODUCTION TO COMPANY AUDIT

8.0 Objectives
8.1 Qualification Of An Auditor
8.2 Disqualification Of Auditors
8.3 Appointment Of First Auditors
8.4 Appointment Of The Subsequent Auditor
8.5 Removal Of Auditor

COST ACCOUNTING:
9.0 Introduction
9.1 Objectives
9.2 Evolution of Cost Accounting
9.3 Definitions
9.4 Cost Accounting Profession in India
9.5 Objectives of Cost Accounting
9.6 Importance of Cost Accounting
9.7 Advantages of Cost Accounting
9.8 Financial Accounting
9.9 Methods of costing – Types of Costing
9.10 Essentials of a good costing system
9.11 Distinction between Cost & Financial Accounting
9.12 Elements of Cost
9.13 Summary
9.14 Books Recommended
9.15 Terminal Exercises

COST AND COST CLASSIFICATIONS - COST SHEET

10.0 Objectives
10.1 Introduction
10.2 Concept of cost
10.3 Cost classifications
10.4 Cost Sheet
10.5 Summary
10.6 Books Recommended
10.7 Terminal exercises

RECONCILATION OF PROFIT AS PER COST AND FINANCIAL ACCOUNTS:

11.0 Objectives
11.1 Introduction
11.2 Need For Reconciliation

MATERIAL, LABOUR AND OVERHEADS:

12.0 Objective
12.1 Introduction to Material
12.2 Storage of Materials
12.3 Issue of Materials
12.4 Inventory Control
12.5 Material Losses
12.6 Storage Records
12.7 Introduction to Labour Control & Documents
12.8 Time Keeping
12.9 Payment of wages
12.10 Idle time
12.11 Introduction to Overtime
12.12 Overheads and classification
12.13 Collection and codification of overheads
12.14 Allocation of overheads
12.15 Books Recommended
12.16 Self Test

METHODS OF COSTING:
13.0 Objectives
13.1 Introduction
13.2 Unit or Batch Costing
13.3 Job costing
13.4 Contract Costing
13.5 Process costing
13.6 Operating costing
13.7 Books Recommended
13.8 Exercises

ELEMENTARY PRINCIPLES AND TECHNIQUES OF MARGINAL AND STANDARD COSTING:

14.0 Objectives
14.1 Introduction
14.2 Marginal costing
14.3 Introduction to Standard costing
14.4 Standard costing
14.5 Establishing cost standards
14.6 Steps for introducing standard costing
14.7 Limitation of standard
14.8 Variance Analysis
14.9 Types of Variances
14.10 Labour Variances
14.11 Overhead Variance
14.12 Books Recommended
14.13 Exercise