You are on page 1of 7

INTRODUCTION

AUDITING
CONTENTS

 INTRODUTION BOOK-KEEPING AND


ACCOUNTANCY
 INTRODUTION AUDITING AND FEATURE
 BOOK-KEEPING VS AUDITING
 ACCOUNTIG VS AUDITING
 MEENING OF ERRORS AND TYPES ERRORS
 MEENING OF FRAUDS TYPES FRAUDS
WHAT MEAN BY BOOK-KEEPING AND
ACCOUNTANCY

 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 .

SHOULD BE ABLE TO COLLEAT

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 AUDITING


 MEANING  MEANING

Book-keeping is keeping the record of the journal entry and ledger in systematic manners Auditing means analysis examination

 NATURE And Books of Accounts

It is include actual record of transaction  NATURE

 COMMERCE It is anliysistical in nature lt is include to verification fo accounting records

It is start with the business transaction take places  COMMERCE

 OBJECT Lt is start with Accounting writing is over that is end of the year

If object to record all facts of business  OBJECT

 QUALIFICATION He object is to certiflcy currentness of financial statement

No formal qualification is the requires for book –keeper  QUALIFICATIONS

 REPORTING Formal qualificafion must be purpose by the Audifor

A book –keeper is not required o submit a report uless specifically called for  REPORTING

 STATUS A Audlitor as to submit areport to the concern authority

A book- keeper is an employee of the organisation  STATUS

 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

lt is decided by the agree ment or by the law


ACCOUNTING AUDITING
 MEENING

 It is recording of all transaction in the book of accounts and preparing of financial statements

 NATURE

 It is concern with transaction of final account

 OBJECT

 It is object is to treading result

 COMMERCE

 Accounting being when books –keeper ends

 SCOPE

 It is invoves maintains of books of account it is dones not being book of account

 QUALIFICATION

 An accounting need no formal qualification

 REPORTING

 Am accounting its not any report

 ERROR AND FRAUDS

 An accounting me comment error and fraud

You might also like