Page 4 - DCOM509_ADVANCED_AUDITING

SYLLABUS
Advanced Auditing

Objectives:
 Student would get familiar with various techniques of auditing used in different kinds of audit.

 It will give a description for the ways of examination of books of accounts and the auditing standards to be followed
while authenticating the books of accounts.
 It will also develop an understanding about auditing of books of accounts which are helpful in prevention and detection
of frauds and errors in the business.

Sr. No. Description
1. Auditing: introduction, auditing standards and IFRS, their relevance, Introduction to US- GAAP
2. Internal Control, Evaluation of internal control procedures and establishing coordination between
internal audit and external audit.
3. Audit Sampling, Analytical procedures
4. Auditing in computerized environment, improving audit effectiveness
5. Audit of limited companies

6. Government audit, government and independent financial audit: comparison, Introduction to Special
Audit and Efficiency Audit
7. Special features of audit of public sector undertakings , audit of banks, audit of non banking financial
companies, insurance companies, co-operative societies ,Tax audit
8. Special Audit, Efficiency Audit, Cost audit and its relevance
9. Professional Ethics and Regulations
10. Current issues in auditing