Mumbai University Auditing

Can you provide me the syllabus of TY.B.Com, Financial Accounting and Auditing Paper - IV (Auditing and Cost Accounting) of University of Mumbai as my exams are near and I need it for preparation?

[Shaleen]

The University of Mumbai is one of the first three state universities in India. It offers Bachelors, Masters and Doctoral degrees apart from diplomas and certificates in many disciplines.

Syllabus TY.B.Com, Financial Accounting and Auditing Paper - IV (Auditing and Cost Accounting)

1. Introduction to Auditing
1.1 Basics Financial Statements, Users of Financial Information, Definition of, Auditing, Objectives of Auditing - Primary & Secondary , Expression of opinion, Detection of Frauds & Errors, Inherent limitations of Audit
1.2 Errors and Frauds Definition, Reasons & Circumstances, Types of Errors - Commission, Omission, Principle & Compensating, Types of Frauds, Risk of fraud & Error Audit, Auditors Duties & Responsibilities in respect of fraud.
1.3 Principles of Audit Integrity, Objectivity ,& Independence, Confidentiality, skills & Competence, Work Performed by Others, Documentation, Planning, Audit Evidence, Accounting System & internal Control, Audit Conclusions & Reporting
1.4 Audit Types Meaning , Advantages & Disadvantages of Balance sheet Audit, j nterirn Audit, Continuous Audit, Concurrent Audit, Annual Audit
1.5 Miscellaneous Advantages of Independent Audit, Qualities of Auditors, Auditing BS Accounting, Aduting Vs Investigation, True and Fair
1.6 Accounting Concepts relevant to auditing Materiality, Going Concern

2. Audit Planning, procedures and Documentation
2.1 Audit Planning Meaning, Objectives, Factors to be considered, Sources of obtaining information, Discussions with Client, Overall Audit Plan
2.2 Audit Programme Meaning, Factors .Advar tages, Disadvantages, Overcoming Disadvantages, Methods of Work , Instruction before commencing work, Overall Audit Approach
2.3 Audit working Papers Meaning, importance, Factors determining Form & Contents, Main Functions / Importance, Features, Contents of Permanent Audit File, Temporary Audit File , Ownership, Custody, Access of Othor Parties to Audit Working Papers, 4 Auditors Lien on Working Papers, Auditors Lien on Client’s Books
2.4 Audit notebook Meaning Structure, Contents, General Information Current Information Importance.