Auditing: Principles and Techniques

Chapter 15

New Areas of Auditing

CHAPTER OUTLINE

15.1 Introduction

15.2 Cost Audit

15.3 Management Audit

15.4 Human Resource Audit

15.5 Operational Audit

15.6 Forecast Audit

15.7 Social Audit

15.8 Tax Audit

15.9 Forensic Audit

15.10 Environmental (Green) Audit

15.11 Audit Committee

15.12 Accounting Standards

15.13 Auditing and Assurance Standards

15.1 INTRODUCTION

Auditing in its modern form has adopted a multidimensional approach. At present, the scope of auditing is not restricted to only financial audit under the Companies Act. The purpose of auditing has been extended to cost accounts, managerial policies, operational efficiencies, system applications, social implications of business organisations and environmental aspects too. Even non-business ...