CA Sandeep Ahuja and CA Surekha Ahuja have authored "Auditing", a book on the subject of the same name.
It has been published by Sultan Chand & Sons, Educational Publishers, New Delhi.
The First Edition of the book was launched in August 2011, and it caters to the curriculum of Auditing for students pursuing graduation in commerce.
Some of the special features of the book are:
- Study overview in the beginning of every chapter to give a fair view of the important contents of the chapter.
- Logical and sequential presentation of concepts and tabulation of processes for better understanding of the topics discussed.
- Summary of important points at the end of each chapter.
- Over 125 practical illustrations with solutions.
- More than 40 explanations (mostly tabulated) depicting differences between various similar sounding terms, types of audits, etc.
- More emphasis on the number of relevant technical evidences, procedures, statutory references, ICAI Pronouncements, Accounting Standards, Standards on Auditing, Institute Guidelines and Notifications up to 30th June 2011 to enable the student improve the quality of his answers.
- Revised Standards on Auditing (SAs) issued by the ICAI and its applicability calendar.
- Written by professionals with over 25 years of experience in the profession.
- References to a number of relevant judicial pronouncements.
- Diagrams and flowcharts to bring clarity in explanation of a number of concepts.
- Past 6 years’ B.Com (Hons.) University of Delhi question papers with reference to answers.
Guidance Note on Internal Audit of Cost Records by the Institute of Cost Accountants of India
We feel extremely proud in informing you about the honour bestowed by The Institute of Cost Accountants of India on our professional partners, CA Sandeep Ahuja and CA Surekha Ahuja, by giving them the opportunity to author a Guidance Note on Internal Audit of Cost Records to be published by the Institute. The Guidance Note drafted by our partners will be used as reference material for maintenance and Internal Audit of Cost Records by professionals throughout the country. The said draft is under the perusal of the ICAI and will be published soon after approval.
A brief synopsis of the Draft Guidance Note is as under:
The Guidance Note on Internal Audit of Cost Records is divided into three parts.
Part 1 (Chapter 1 to Chapter 5) relates to the nature and scope of Cost Audits, Procedures and Techniques, concepts of materiality, importance and need for Internal Checks and Internal Controls, and various stages of planning of Cost Audits.
Part 2 (Chapter 6 to Chapter 25), being of technical importance, relates to the significance of glossary of terms, Generally Accepted Cost Accounting Principles, Cost Accounting Standards, cost classifications and disclosure requirements with respect to various cost elements under different situations. This part is therefore the most important section of the Guidance Note for the Internal Auditors.
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