IPCC


IMPORTANT TOPICS OF AUDIT :
1. BASIC PRINCIPLES GOVERNING AN AUDIT
2. FUNDAMENTAL ACCOUNTING ASSUMPTIONS
3. INHERENT LIMITATIONS OF AUDIT
4. COMPLIANCE AND SUBSTANTIVE PROCEDURES
5. STRATIFIED RANDOM SAMPLING
6. FACTORS AFFECTING CONTROL ENVIRONMENT
7. INTERNAL CONTROL QUESTINNAIRE
8. CONCEPT OF AUDIT RISK
9. DETERMINE TO WHAT EXTENT INTERNAL AUDITOR WORK CAN BE USED.
10. APPROACHES TO EDP AUDITING
COMPANY AUDIT  1 & 2
1. SEC 224 (2) ,224 (5), SEC 225 , SEC 233A
2. CONCEPT OF ACCOUNTING STANDARDS
3. DIRECTOR RESPONSIBILITY STATEMENT
4. AUDIT OF DIVIDEND
      AUDIT REPORT
1. FORMAT OF AUDIT REPORT
2. APPLICABILITY OF CARO ,2003 AND CLAUSE  7 ,9 ,10
SPECIAL AUDITS
1. HOSPITAL
2. NPO
3. LOCAL BODIES
GOVT. AUDIT
1. POWERS OF CAG
2. EXPENDITURE AUDIT
OTHER TOPICS
CUT OFF PROCEDURES,  EXAMINATION IN DEPTH, GUIDANCE NOTE ON PROPOSED DIVIDEND,  CONCEPT OF DEPRICIATION (AS 6),  AUDITORS LIEN’S , PROFESSIONAL SKEPTICISM.
IMPORATANT STANDARDS ON AUDITING
SA  210,  230, 260 , 320,  501 , 540,  580,  610, 620

VOUCHING / VREIFICATION
FACTORS WHICH CAN INCREASE/DECREASE GROSS PROFITS
PRELIMINARY EXPENSES, PAYMENT OF INCOME TAX,BAD DEBTS RECOVERED,INTANGIBLE ASSESTS, FIXED ASSESTS…….