Professional Documents
Culture Documents
AUDITING
CONTENTS
MEAN BY BOOK-KEEPING
Book-keeping means recording transaction any book of original entry and ledger this is
elementary work general performance by the junior staff who may be know as the account and cloak or
book- keeper
Mean by accountancy
It is of accountant .it is involves preparation of final statement of account with the help of
balance sheet and profit and loss A/c the work of accountant is to prepaid final accounts and
than analysis review and draw conclusion their from it is a work of specialised knowledge of the
principles of accountancy
MEAN BY AUDITING AND FEATURES
MEANING
It is the job of accountant it involves preparation of final account statement of account with help of balance sheet and profit and loss A/c the work of account is prepare final account and than analyse review and drew conclusion there from it is work of specialised
knowledge of there principal of accountancy
FEATURES
1. ACCURATE
The frist primary features of auditingis is to find out accurate information regarding book of account it is nessessary for find out ture and fair view of the financial statement. It is deratiy leadsto the advance related to book of account
SUSTEMATIC
The secondary it activity ofauditing work by auditor haif to be ststematically follow auditory work is very crusial for the auditory where he has to maintain all the horan describe by the central government under ICIact [ institude of charted accountant of india].
ROYALTY \ LOYAL
The auditing is whole and sole of the company . All the secret document are with the auditing . He has to keep all document confidiancial with him there have to be very loyal with his book
INDEPENDENT
All decision and opinions last to be party auditor him self there for auditory should be very independent very with his work . Auditor should be very professtionl and skilled nature the should has the capacity take strong and
dicision independently .
Have auditing is habit professtional skill and qualification nature be should be able to collect evidence plays a very important roll in the work of auditing there for all the proof has to be true and fair
FORMULATED OF JUDGEMENT
The lost function which is be cary down by the auditing is judgement on the basic of evidence the auditing skill and ribut systematicaly after scrutinizing on the auditior will be able to judegement on the financial statement
there for form the above feature it is concluded that auditor should be very honest with his work because he plays of major roll in the work of auditing
BOOK –KEEPING AND AUDITING
Book-keeping is keeping the record of the journal entry and ledger in systematic manners Auditing means analysis examination
OBJECT Lt is start with Accounting writing is over that is end of the year
A book –keeper is not required o submit a report uless specifically called for REPORTING
SCOPE An Auditor is not an em ployee were has be plays a writte role in the organisation
Recording of or all the business are neccessury for the purpose SCOPE
It is recording of all transaction in the book of accounts and preparing of financial statements
NATURE
OBJECT
COMMERCE
SCOPE
QUALIFICATION
REPORTING