Here is an essay on ‘Auditing Techniques’ for class 11 and 12. Find paragraphs, long and short essays on ‘Auditing Techniques’ especially written for school and college students. 1. Essay on Auditing Techniques: (Around 200 Words) Q. Define auditing techniques. Ans. The devices or methods available to the auditor for obtaining competent evidential matter. To an auditor, auditing techniques are [...]
In this article we will discuss about the vouching of various transactions for auditing purpose:- 1. Petty Cash Book 2. Cash Sales 3. Underwriting Commission on Shares 4. Purchase of Investments 5. Dividends from Investments 6. Sale of Investments 7. Rent from Immovable Properties 8. Sale of Scraps 9. Income Tax Refund 10. Bad Debts Realised 11. Wages 12. Buildings [...]
The liability of a statutory auditor may be charted as under: 1. Contractual Liability: The Statutory Auditor is liable for nonfulfillment of the terms and conditions of an agreement between him and the company who appoints him. He may be held responsible under the Contract Act 'in failing to perform the duties' as laid down in agreement. In the absence [...]