Auditing is a comprehensive, up-to-date textbook that aligns with the National Education Policy (NEP) and Undergraduate Curriculum Framework (UGCF). Written lucidly and succinctly, the book simplifies complex auditing concepts, illustrates examples, and supplements the text with tables, figures, and relevant statutes/regulations.

This book is intended for the following audience:

• Undergraduate Students – Particularly those pursuing B.Com. (Hons.) and B.Com. programs in Indian universities (including the University of Delhi)
• Aspiring Auditors and Finance Professionals – It offers a solid foundation in the principles and practices of auditing, making it useful for those preparing for professional courses or considering a career in auditing
• Educators – Instructors and academic professionals can use the book as a structured course text, given its clear coverage of the updated syllabus and incorporation of the latest auditing standards

The Present Publication is the 2^nd Edition, authored by Dr Aruna Jha and CA. (Dr) Anuj Bhatia, with the following noteworthy features:

• [Comprehensive Coverage] Encompasses the entire syllabus under the UGCF for Auditing, ensuring students do not miss any critical topic
• [Lucid Explanation] Concepts are presented clearly with a focus on making them easy to understand and remember
• [Practical Examples] Multiple examples illustrate how auditing principles apply in practical scenarios
• [Extensive Use of Tables & Figures] Helps break down complex content into visually understandable formats
• [Relevant Statutes & Regulatory Requirements] Incorporates provisions of the Companies Act 2013, related auditing standards (Standards on Auditing by ICAI), and other important regulations
• [Case References] Landmark legal cases relevant to auditing have been identified and discussed to demonstrate the application of legal principles in auditing scenarios
• [Practice Questions] Each chapter concludes with a set of questions designed to test comprehension and reinforce learning

The coverage of the book is as follows:

• Introduction to Auditing
• Meaning, objectives, scope, and limitations; classification of audits; auditing in a computerised environment
• Internal Control & Audit Procedures
• Detailed exploration of audit planning, internal check, internal control, internal audit, audit sampling, and evidence
• Vouching & Verification
• Procedures, objectives, vouching of various transactions, verification of assets/liabilities, and inventory valuation
• Company Auditors
• Qualifications, disqualifications, appointments, removal, powers, and liabilities of auditors under the Companies Act 2013
• Audit Report & Special Audits
• Types of audit reports (qualified/unqualified), National Financial Reporting Authority, special considerations for banking and insurance companies, and an introduction to forensic audits
• Audit in a Computerised Environment
• Emphasises the unique challenges and approaches to auditing in the digital age, including Computer Assisted Audit Techniques (CAATs)

The book is divided into fifteen chapters, each focusing on a specific auditing segment. Early chapters introduce fundamental concepts and gradually advance to specialised areas like forensic auditing and computerised environments. Key elements of structure include:

• Chapter Outlines – Each chapter begins with an overview of what will be covered
• Detailed Explanations – Core concepts and techniques presented with relevant standards and cases
• Tables, Figures, & Examples – Aid in illustrating and simplifying complex ideas
• Test Your Knowledge Sections – Conclude each chapter to enable students to self-assess and reinforce learning
• Previous Year Papers – Provides a practical edge, showing how questions are framed in university exams