BCOM PART-2

AUIDITING

1. Definition and Objects of auditing. Explain Advantages, disadvantages and scope of auditing.
2. Kinds of Audits:
a). Continuous Audit
b). Final Audit.
3. Internal Control:
a). Principles of internal control.
b). Internal control over manufacturing concern.
c). Internal control over Sales.
4. Auditors:
a). Rights and duties of Auditor.
b). Qualities of Good Auditor.
5. Auditor Reports. Qualified, Unqualified and Statutory Report.
6. Liabilities: Negligence, Criminal Liablity, Liability for Libel.
7. Audit of various concers: Common Points, Bank, Textile Concern.