Taxmann’s Auditing & Assurance (Auditing)

S ’ N N A M X A T AUDITING & ASSURANCE

© All rights reserved Price : ` 1150 Law stated in this book is as amended upto 30th April, 2022 Published by : Taxmann Publications (P.) Ltd. Sales & Marketing : 59/32, New Rohtak Road, New Delhi-110 005 India Phone : +91-11-45562222 Website : www.taxmann.com E-mail : sales@taxmann.com Regd. Office : 21/35, West Punjabi Bagh, New Delhi-110 026 India Printed at : Tan Prints (India) Pvt. Ltd. 44 Km. Mile Stone, National Highway, Rohtak Road Village Rohad, Distt. Jhajjar (Haryana) India E-mail : sales@tanprints.com Disclaimer Every effort has been made to avoid errors or omissions in this publication. In spite of this, errors may creep in. Any mistake, error or discrepancy noted may be brought to our notice which shall be taken care of in the next edition. It is notified that neither the publisher nor the author or seller will be responsible for any damage or loss of action to any one, of any kind, in any manner, therefrom.

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Preface to Tenth Edition Firstly, I would like to thank the readers for the response given to earlier edition of the book. It gives me immense pleasure in presenting the Tenth Edition of the book “Auditing & Assurance” under New Scheme of Education and Training.

The Entire syllabus has been divided in 13 chapters as per revised syllabus issued by ICAI. I hope that readers will find the content of the book user friendly and helpful in preparation of their examinations.

I thank all my readers for sharing their views regarding the book and giving me valuable suggestions for improvement.

I also thank Taxmann Publications (P.) Ltd. for their efforts in publishing the Tenth edition of the book.

I look forward the views and suggestions from the readers which would help towards further improvement of the book.

Wishing every success to the readers.

PANKAJ GARG

e-mail: cacs.gargpankaj@gmail.com

I-5

Contents PAGE

Preface to Tenth Edition

I-5

Chapter-wise Marks Distribution

I-9

Syllabus (New Course)

I-11

CHAPTER 1

Nature, Objective and Scope of Audit

1.1

CHAPTER 2

Audit Strategy, Audit Planning & Audit Programme

2.1

CHAPTER 3

Audit Documentation and Audit Evidence

3.1

CHAPTER 4

Risk Assessment and Internal Control

4.1

CHAPTER 5

Fraud and Responsibilities of the Auditor

5.1

CHAPTER 6

Audit in an Automated Environment

6.1

CHAPTER 7

Audit Sampling

7.1

CHAPTER 8

Analytical Procedures

8.1

CHAPTER 9

Audit of Items of Financial Statements

9.1

CHAPTER 10

Company Audit

10.1 I-7

I-8

CONTENTS

PAGE

CHAPTER 11

Audit Reports

11.1

CHAPTER 12

Audit of Banks

12.1

CHAPTER 13

Audit of Different Types of Entities DECEMBER 2021 EXAM SUGGESTED ANSWERS PART II (DESCRIPTIVE QUESTIONS) MAY 2022 EXAM SUGGESTED ANSWERS PART II (DESCRIPTIVE QUESTIONS)

13.1 P.1 P.14