Course / Course Details
By - Ms Preema Victorin Tauro
All the registered students need to join the WhatsApp group mentioned below for all the communication regarding this certificate only.
https://chat.whatsapp.com/HI1SwQfi8ueGhKKJz12uT3.
MODULE
1- INTRODUCTION TO AUDITING AND COMPANY AUDITOR
Definitions,
scope, objectives, merits, classification – statutory, private, government,
internal, external, continuous, annual, interim, partial, balance sheet audit,
cost and management audit. Position of auditor in regard to detection and
prevention of errors and frauds. Meaning, appointment, remuneration, rights and
duties of auditors, Liabilities of a company auditor – 1) Civil liability –
liability for negligence and liability for misfeasance. 2) Criminal liability.
Audit report – clean and qualified report. Professional ethics, entry of names
in the Register, disabilities, removal of the name of a member from the
Register, first schedule, professional misconduct, procedure for inquiry of
misconduct by a member.
MODULE
2- INTERNAL CHECK, VOUCHING AND VERIFICATION
Internal
check – meaning, definition, objectives, merits, internal check relating to
various transactions; Internal Control. Vouching – meaning, objectives,
significance, vouching of cash receipts, cash sales, bills receivable, receipts
from debtors, proceeds from sales of fixed assets, cash purchases, payment of
creditors, wages, salary, purchase of land and building, investment, patents
and copy rights. Meaning of verification- Auditor’s position as regards the
verification and valuation of assets, Auditor‘s position as regards the
verification and valuation of liabilities.
1. To understand the basics of auditing in today’s organizations.
2. To explain appointment, rights, duties, liabilities and professional ethics of a company auditor.
3. To examine the internal control, vouching and verification procedures.
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