Pagare, Dinkar. creator text New Delhi Sultan Chand & Sons 2022 1st ed. monographic eng

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xxiv,373 p.; PB 25cm. Brief Contents 1. Introductory 2. Objects of Audit 3. Classification or Types of Audit 4. Internal Control, Internal Check and Internal Audit 5. Audit Planning, Audit Program, and Working Papers 6. Audit Evidence and Sampling 7. Vouching – Audit of Cash Transactions 8. Vouching – Audit of Trading Transactions 9. Vouching of Impersonal Ledger 10. Verification and Valuation of Assets and Liabilities 11. Auditing in EDP Environment 12. Company Audit – Appointment, Qualifications, and Removal of Auditors 13. Company Audit – Rights and Duties of Auditors 14. Company Audit – Audit of Share Capital, Share Transfer 15 Top-Level Management of Company, and Their Remuneration 16. Audit of Divisible Profits and Dividends 17. Specialized Audits 18. Special Features of Government Audit 19. Audit Report 20. Management Audit 21. Liabilities of Auditors or Professional Accountants 22. Cost Audit 23. Tax Audit 24. Investigations 25. Professional Ethics and Regulation 26. Auditing Statements and Standards on Auditing By Dinkar Pagare and Rahul Pagare. Preface to the Thirteenth Edition (2020) It gives me great pleasure to present to you, dear readers, the thirteenth thoroughly revised and updated edition of Principles and Practice of Auditing. The patronage showered on the book is indeed overwhelming and I really feel humbled by it. The reason this edition had to be brought out was: One, incorporating the several amendments made to the Act in the past years. A fascinating feature of these amendments is that it remarkably enhances the ease of doing business in India, taking the country several notches above in the Index of Ease of Doing Business. Two, it is soft on companies which follow norms and procedures as prescribed. Of special significance is the toning down of provisions prescribing punishment for violation of rules and procedures – ‘penalty’ has been replaced with ‘fine’, greater discretionary power has been given to enforcement authorities to help promote investment, particularly from foreign entities. However, the amended law comes down heavily on companies that shortcircuit legal provisions to enable directors/relatives of major stakeholders to play with company assets. The statutory auditor is now under an obligation to report on directors taking loans from companies without timeline of repayment, replacing existing loans with fresh loans, proper utilization of funds raised through public issue or borrowings from banks and financial institutions or through preferential allotment or private placement. As if such provisions were not enough, the auditor is also required to critically assess the company management and report whether the company will be able to pay off its liabilities up to the expiry of six months from end of the financial year. I hope and pray the book in its revised form comes up to readers’ expectations. As always, I assure them their comments and suggestions would be my precious treasure that would immensely help me cast the next edition. Classification of audit Internal control internal check and internal audit Audit planning audit program and working papers Verification and valuation of assets 657.45 PAGD 9789351611707 250522 20250522153719.0