Auditing Basics

Commerce for IAS – Auditing Basics

1. What is the meaning of Auditing?
2. What are the principal aspects to be covered in auditing?
3. Why the need of auditing arises and what are benefits of auditing?
4. “The evidences obtained by the auditor are persuasive rather than conclusive”. Explain.
5. What do you mean by investigation and how it is different from auditing?
6. Auditor is a watchdog and not a bloodhound. Comment

 

3 comments

  1. How to read theory n write answers n practice que..n wat are the topics imp. Please suggest ..i have rankers coaching material it is enough or need to read other buks? Any test series link plz provide for practice.. Thanku

    1. How to read theory n write answers n practice que..n wat are the topics imp. Please suggest ..i have rankers coaching material it is enough or need to read other buks? Any test series link plz provide for practice..Thanku

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