Author Description

Elements of Auditing is a comprehensive guide designed for students pursuing undergraduate courses at the University of Allahabad, mainly catering to the syllabus of B.Com. | Part-II, Group' E', Paper-203 – Auditing. This book provides an in-depth analysis of auditing principles and practices structured to facilitate a clear and detailed understanding of key auditing concepts. It integrates relevant Standards on Auditing issued by the Institute of Chartered Accountants of India, offers insights into landmark cases, and covers pertinent provisions of the Companies Act, 2013 concisely and straightforwardly. The Present Publication is the Latest Edition authored by Prof. (Dr) Aruna Jha, Anuj Bhatia and Dr Ruchi Gupta with the following noteworthy features: • [Clear and Lucid Explanations] Concepts are explained straightforwardly and concisely, making the subject accessible to students • [Practical Examples] Numerous examples are provided throughout the text to illustrate real-life applications of auditing concepts, helping students connect theory with practice • [Extensive Use of Tables and Figures] Visual aids such as tables and figures are used extensively to clarify complex concepts and enhance understanding • [Integration of Relevant Statutes] The book incorporates relevant statutes and regulatory requirements, ensuring that students are well-versed in the legal aspects of auditing • [End-of-Chapter Questions] Each chapter concludes with important questions designed to test students' knowledge and understanding of the topics covered, aiding in exam preparation The structure of the book is as follows: • Introduction o The book begins by covering auditing basics, including its meaning, scope, objectives, and limitations. It discusses the audit process and different types of audits (interim, final, continuous, internal, and external) and compares auditing with investigation •