The subject “Principles and Practice of Auditing” occupies important place in the course content of Commerce and Management education offered by various Universities. The present books are written in a simple and lucid style covering the various aspects of management. This book will enable the students to acquire basic knowledge of management. The book is student-oriented and expected to serve their needs fully. Although several books are available on the subject, what prompted the author to write this book is the very intension of presenting the concepts and Principles of Management in a lucid style to enable the students to learn the subject easily. Therefore, this book has been written keeping in mind the problems faced by the students both U.G and P.G level. The language used throughout this book enables the students to attain conceptual clarity. Besides, charts and diagrams have been provided for easy understanding of the subject.Suggestions constructive criticisms for improving the subsequent editions of the book. We welcome your feedback and suggestions as we continue to evolve and improve this work.

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