Name: Kalyani Advanced Auditing (Auditing 2) For MCom 4th Semester Panjab University Chandigarh and BCOM 6th Semester Jammu University
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Kalyani Advanced Auditing (Auditing 2) For MCom 4th Semester Panjab University Chandigarh and BCOM 6th Semester Jammu University

by Madhurima

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23 Customer Review

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Q1

Is this book aligned with the latest syllabus for both Panjab University (MCom) and Jammu University (BCom)?

A1

Yes, the book is specifically structured to cover the complete and updated syllabi for Panjab University's MCom 4th Semester (MC. 415) and Jammu University's BCom 6th Semester (UBCTE651) for the 2024-2026 examinations.
Q2

Does the book cover the different types of audit opinions in detail?

A2

Absolutely. Chapter 6 on 'Audit Report' provides a comprehensive definition and distinction between reports and certificates, and details all types of audit opinions, including Clean, Qualified, Disclaimer, Adverse, and Piecemeal.
Q3

Are the emerging areas of auditing, like Forensic Audit and Social Audit, included?

A3

Yes, Chapter 15 on 'Emerging Concepts in Auditing' and the syllabus-specific units cover these thrust areas, including Forensic Audit, Social Audit, Environmental Audit, Energy Audit, and Systems Audit.
Q4

Is the audit of banking companies explained with reference to current regulations?

A4

Yes, Chapter 7 on 'Audit of Banking Companies' covers relevant legislation, the audit approach, internal control evaluation, Non-Performing Assets (NPAs), and the Long Form Audit Report.
Q5

Is the concept of "True and Fair View" explained in the context of modern auditing?

A5

Yes, this fundamental concept, along with 'Materiality,' is explored in depth within the context of the audit report, as per the Companies Act and Standards on Auditing.
Q6

Are the professional ethics and independence of an auditor covered?

A6

Definitely. The book contains dedicated chapters on 'Ethics in Auditing—Professional Ethics' (Chapter 16) and 'Auditor’s Independence' (Chapter 18), highlighting their critical importance.
Q7

Does the content include the specific reporting requirements for insurance companies as per IRDA?

A7

Yes, Chapter 8 on 'Audit of Insurance Companies' details the legislation and specific audit report matters as mandated by the Insurance Regulatory and Development Authority (IRDA).
Q8

Does the book cover the constitutional role of the Comptroller and Auditor General (C&AG)?

A8

Yes, the role and significance of the C&AG in Government Audit are discussed in Chapter 10, 'Government Audit.'
Q9

Is the content on divisible profits and dividends updated with the current Companies Act?

A9

Yes, Chapter 4 on 'Divisible Profits and Dividend' integrates the provisions of the Companies Act, relevant accounting standards, legal decisions, and the auditor's responsibilities regarding them.
Q10

Is this book suitable for someone preparing for professional courses like CA?

A10

While this book is specifically tailored for Panjab and Jammu University syllabi, its comprehensive coverage of advanced auditing topics can serve as a valuable supplementary resource for foundational knowledge in professional courses like CA.

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Have Doubts Regarding This Product ? Ask Your Question

Q1

Is this book aligned with the latest syllabus for both Panjab University (MCom) and Jammu University (BCom)?

A1

Yes, the book is specifically structured to cover the complete and updated syllabi for Panjab University's MCom 4th Semester (MC. 415) and Jammu University's BCom 6th Semester (UBCTE651) for the 2024-2026 examinations.
Q2

Does the book cover the different types of audit opinions in detail?

A2

Absolutely. Chapter 6 on 'Audit Report' provides a comprehensive definition and distinction between reports and certificates, and details all types of audit opinions, including Clean, Qualified, Disclaimer, Adverse, and Piecemeal.
Q3

Are the emerging areas of auditing, like Forensic Audit and Social Audit, included?

A3

Yes, Chapter 15 on 'Emerging Concepts in Auditing' and the syllabus-specific units cover these thrust areas, including Forensic Audit, Social Audit, Environmental Audit, Energy Audit, and Systems Audit.
Q4

Is the audit of banking companies explained with reference to current regulations?

A4

Yes, Chapter 7 on 'Audit of Banking Companies' covers relevant legislation, the audit approach, internal control evaluation, Non-Performing Assets (NPAs), and the Long Form Audit Report.
Q5

Is the concept of "True and Fair View" explained in the context of modern auditing?

A5

Yes, this fundamental concept, along with 'Materiality,' is explored in depth within the context of the audit report, as per the Companies Act and Standards on Auditing.
Q6

Are the professional ethics and independence of an auditor covered?

A6

Definitely. The book contains dedicated chapters on 'Ethics in Auditing—Professional Ethics' (Chapter 16) and 'Auditor’s Independence' (Chapter 18), highlighting their critical importance.
Q7

Does the content include the specific reporting requirements for insurance companies as per IRDA?

A7

Yes, Chapter 8 on 'Audit of Insurance Companies' details the legislation and specific audit report matters as mandated by the Insurance Regulatory and Development Authority (IRDA).
Q8

Does the book cover the constitutional role of the Comptroller and Auditor General (C&AG)?

A8

Yes, the role and significance of the C&AG in Government Audit are discussed in Chapter 10, 'Government Audit.'
Q9

Is the content on divisible profits and dividends updated with the current Companies Act?

A9

Yes, Chapter 4 on 'Divisible Profits and Dividend' integrates the provisions of the Companies Act, relevant accounting standards, legal decisions, and the auditor's responsibilities regarding them.
Q10

Is this book suitable for someone preparing for professional courses like CA?

A10

While this book is specifically tailored for Panjab and Jammu University syllabi, its comprehensive coverage of advanced auditing topics can serve as a valuable supplementary resource for foundational knowledge in professional courses like CA.

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