Financial Accounting and Auditing Paper X (Introduction to Auditing) Semester VI .. Short notes on Concept of Going Concern. (April, ). 5. 18 Feb The below TYBCom audti notes prepared by Akram Pathan(Genius zone commerce classes, chembur, khardev nagar, Mumbai ). PROFESSIONAL STANDARDS Auditing Standards: GAAS: Generally Accepted Auditing Standards GAGAS: Generally Accepted Government Auditing.

Author: Mugis Doukasa
Country: Haiti
Language: English (Spanish)
Genre: Relationship
Published (Last): 26 November 2017
Pages: 227
PDF File Size: 4.42 Mb
ePub File Size: 6.10 Mb
ISBN: 712-7-35394-783-9
Downloads: 3155
Price: Free* [*Free Regsitration Required]
Uploader: Sajind

Its objectives are classified into two groups which are given below:.

These are such objectives which are set up to help in attaining primary objectives. Management commits frauds to deceive tax, to show the effectiveness of management, to get more commission, to sell share in the market or to maintain market price tybcom auditing notes share etc.

Frauds are those mistakes which are committed knowingly with some vested interest on the direction of top level management. Detection and prevention of frauds.


Objectives of Auditing

Basic objective of auditing is to prove true and fairness of results presented by profit and loss account and financial position presented ajditing balance sheet.

Tybcom auditing notes, the explanation given to the auditor also remains false.

Errors are tybcom auditing notes various types. So, they are to be checked carefully. Subsidiary Objectives Of Audit. The main objectives of audit are known as primary objectives of audit. Detection of fraud is the main job of an auditor.

Auditing Imp Sem 6 | TYBCOM HR

Primary Objectives Of Audit. Com Notes auditing Objectives of Auditing. Under or over valuation of stock. Verifying whether all the statutory requirements are fulfilled or not. Tybcom auditing notes the proper distinction of capital nootes revenue nature of transactions.

Detection and prevention of errors. Objectives of Auditing auditing.

Objectives of Auditing – Free Notes

Normally such frauds are committed by auduting top level executives of the business. Confirming tybcom auditing notes existence and value of assets and liabilities. Verifying the authenticity and validity of transactions. Proving true and fairness of operating results presented by income statement and financial position presented by balance sheet.


They are as follows:.

Errors may be committed without or with any vested interest. Some of them are:.

Introduction to Auditing TYBCOM Semester VI

Errors are those mistakes tycom are committed due to carelessness or negligence or lack of knowledge or without having vested interest. Such frauds are as follows:.

So, an auditor should detect such frauds using skill, tybcom auditing notes and facts. Checking arithmetical accuracy of books of accounts, verifying posting, costing, balancing etc. Examining the system of internal check.