Auditing: Principles and Techniques

Chapter 1

Nature of Auditing

CHAPTER OUTLINE

1.1 Introduction

1.2 Origin of the Word ‘Audit’

1.3 Early History of Audit

1.4 Auditing Defined

1.5 Essential Features of Auditing

1.6 Why Is There a Need for an Audit?

1.7 Objective of an Audit

1.8 Errors and Frauds in Accounting

1.9 Role of Auditors in Detecting Errors and Frauds

1.10 Relation between Book-keeping, Accountancy and Auditing

1.11 Basic Principles Governing an Audit

1.12 Postulates of Auditng

1.13 Scope and Procedures of Audit

1.14 Changes in the Concept of Auditing

1.15 Social Objectives of Audit

1.16 Advantages of Auditing

1.17 Limitations of Auditing

1.18 Qualities of an Auditor

1.19 Auditing and Other Services

1.1 INTRODUCTION

The development of modern accountancy and the growth ...