TYBCOM AUDITING NOTES PDF DOWNLOAD

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.

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Detection and prevention of frauds.

So, the explanation given to the auditor also remains false. Primary Objectives Of Audit.

Introduction to Auditing TYBCOM Semester VI

Frauds are those mistakes which are committed knowingly with some vested interest on the direction of top level management. Under or over valuation of stock. Examining the system of internal check. Errors may be committed nottes or with any vested interest. Confirming the existence and value of assets tybcom auditing notes liabilities.

Objectives of Auditing

These are such objectives which are set up tybcom auditing notes help in attaining primary objectives. Such frauds are as follows:. Errors are of various types. Verifying whether all the statutory tybcoj are fulfilled or not. Errors are those mistakes which are committed due to carelessness or negligence or lack of knowledge or without having vested interest.

Tybcom auditing notes arithmetical accuracy of books of accounts, verifying posting, costing, balancing etc.

Objectives of Auditing – Free Notes

Objectives of Auditing auditing. Detection and prevention of errors. Verifying the authenticity and validity ttybcom transactions. Tybcom auditing notes such frauds are committed by the top level executives of the business. Some of them are:. Subsidiary Objectives Of Audit. Com Notes auditing 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 by balance sheet. So, they are to be checked carefully. tybcom auditing notes

They are as follows:. The main objectives of audit are known as primary objectives of audit.

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 of share etc. Checking the proper distinction of tybcom auditing notes and revenue nature of transactions.

Tybcom auditing notes as per revised syllabus

So, an auditor should detect such frauds using skill, knowledge and notez. Proving true and fairness of operating results presented by income statement and financial position presented by balance sheet. Its objectives are tybcom auditing notes into two groups which are given below:. Detection of fraud is the main job of an auditor.