AUDITING: PRINCIPLES AND PRACTICE, Edition 3

RAVINDER KUMAR · VIRENDER SHARMA

maj 2015 · PHI Learning Pvt. Ltd.

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This comprehensive, well-received and thoroughly updated text, now in its Third Edition, continues to provide an in-depth analysis of the basic concepts of Auditing emphasising the practical aspects of the course.

The book discusses in detail, classification and preparation of an audit, internal control system, internal audit, vouching of cash, trading and impersonal ledgers in addition to other topics. Besides, it deals with verification and valuation of assets and liabilities, company audit, cost audit, management audit, tax audit, bank audit as well as depreciation. The final chapters of the book give detailed description of business investigations, audit of special entities and auditing in EDP environment. Contemporary topics have been covered in the book to enlighten readers with the latest developments in the field of auditing, such as cost audit, tax audit, environmental audit and energy audit.

The book is intended to serve as an indispensable text for undergraduate students of commerce as well as for CA and ICWA aspirants.

New to this Edition

• The Companies Act, 2013 (based on new company law).
• Internal Audit chapter especially updated in the light of Section 138 of the Companies Act, 2013 and Rule 13 of the Companies (Accounts) Rules, 2014 notified by MCA.
• Cost Audit chapter based on the latest Companies (Cost Records and Audit) Rules, 2014, issued by MCA.

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RAVINDER KUMAR, Ph.D., is Associate Professor in the Department of Commerce and Business Studies at Jamia Millia Islamia—a Central University, New Delhi. He has 20 years of experience in teaching Postgraduate students, besides having post-doctoral research experience of equal length. Dr. Kumar has been a visiting faculty at the Indian Institute of Foreign Trade (IIFT) and at the Indian Law Institute, New Delhi. He has also worked with Skyline College, Sharjah (UAE), as Associate Professor in the Department of Business Administration, where he taught courses on Accounting and Finance accredited by the National American University, USA. Dr. Kumar is distinguished Visiting Professor of Finance at IMT Ghaziabad for its Centre of Distance Learning. Besides numerous researches to his credit, published in national and international business journals of repute, he has also authored two books—Legal Aspects of Business and Legal and Regulatory Environment of Business. VIRENDER SHARMA, LL.B., a Fellow Member of the Institute of Chartered Accountants of India (ICAI), is a practising Chartered Accountant. He has a broader experience in undertaking financial as well as tax audits of both corporate and non-corporate entities.