Master the essentials of auditing with a clear, practical guide
A practical manual written for students that covers the general principles that govern every audit. It explains the Why and How of audit work, from routine checking to preparing important financial statements, without getting lost in overly specialized topics.
This edition focuses on core concepts, including detecting errors and fraud, internal checks, and how to approach audits of companies under the law. It shows how to structure an audit, what records to examine, and how to interpret results to support sound financial decisions.
- Understand the fundamentals of auditing, including the relationship between profit and loss and balance sheets
- Learn practical procedures for routine checking, vouching, and the audit program
- Explore methods for valuing and verifying assets, depreciation, and reserves
- Get guidance on statutory considerations and the auditor’s duties under the Companies Act framework
Ideal for readers beginning a career in auditing or studying for exams, this book builds a solid, practical knowledge base that supports professional growth.