Calcutta University Audit Syllabus

Will you please give here syllabus for Auditing Module I paper of BCOM (hons) course of Calcutta University ?

[Rajkumar Agarwal]

As you want I am here giving you syllabus for Auditing Module I paper of BCOM (hons) course of Calcutta University.

Syllabus :
Unit I: Introduction (Classes-12 / 10 Marks)
• Definition-Nature-Scope and Objectives of Independent Financial Audit-Limitation.
• Basic Principles Governing an Audit-Relation between Accounting and Auditing.
• Errors and Fraud-Concepts, Means of doing Fraud, Purpose- Conditions which
increase the Risk of Fraud and Error-Auditor’s responsibility towards detection and
reporting.
• Classification-Objective wise(Internal and Independent Financial audit), Periodicity
wise (Periodical, Continuous, Interim, Final, Limited Review) Technique wise
(Balance sheet, Standard, Systems, EDP), Coverage wise (Complete, Partial),
Organization structure wise (Statutory, Non- statutory), Specific Matter Wise (Cost,
Management, Secretarial, Tax, Environment, Human Resource, Social, Operational,
Propriety, Stock, Public Deposit, Corporate Governance, Cash Flow, Compliance,
Performance etc.).

Unit 2: Auditing Procedures and Techniques (Classes- 10 / 10 Marks)
• Auditing Engagement-Audit Planning-Audit Programme.
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• Documentation-Audit Working Papers, Ownership and Custody of Working Papers-
Audit File( Permanent, Current) – Audit note Book- Audit Memorandum.
• Audit Evidence-Concept, Need, Procedure to obtain Audit Evidence, Sources and
Reliability, Methods.
• Preparation Before Commencement of a New Audit.

Unit 3: Internal Control and Internal Audit (Classes 10 / 10 Marks)
• Internal Check-Definition, Objective, Preparation of check-lists.
• Internal Control-Definition, Objectives, Evaluation, Internal control in Computerized
Environment, ICQ and its Preparation, Comparison with Internal Check.
• Internal audit-Definition, Objectives, Regulatory Requirements(Companies Act),
Reliance by Statutory Auditor on Internal Auditor’s Work.
• Audit Risk- Concept, Types and their Assessment Procedure.

Unit 4: Audit Sampling and Analytical Procedure (Classes-8 / 10 Marks)
• Concept, Need, and Types of Sampling- Sampling Risk-Stages in Audit
• Sampling.
• Test Checking-Auditing in Depth and Cut-Off checking.
• Analytical Procedure- Nature and Application of Analytical Procedure- Tools and
Techniques of Analytical Procedure- Extent of Reliance on Analytical Procedure- Use
of analytical procedure for Substantive Testing.
Unit 5: Audit (Vouching and Verification) of Different Items (Classes 10 / 10 Marks)
• Vouching- Meaning, Objectives-Vouching of Different Items (Receipts and
o Payments Related).
• Verification – Concept, Objectives – Audit of Share Capital, Loans(Secured and
• Unsecured), Fixed assets (Building, Plant and Machinery, Loans and Advances,
Investment, Goodwill, Copy Right, Patent Right Inventories, Debtors), Creditors,
Subsequent Events, Preliminary Expenditures , Directors’ Remuneration etc.

Here is the attachment.

BCOM course syllabus






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