Directives and standards

Auditing

• 1 Introduction

  • Audit foundations and evolution
  • Errors and auditor qualities
  • Accounting, investigation and engagement
• 2 Planning an Audit

  • Organization knowledge and audit programme
  • Audit risk and sampling
  • Notebooks and staffing
  • Audit types and work scope
  • Preparation and working papers
• 3 Internal Check and Control

  • Internal check and internal audit
  • Checking procedures
  • Statutory versus internal audit
• 4 Vouching

  • Vouching foundations
  • Cash and sales transactions
  • Purchases and internal checks
• 5 Audit of Impersonal Ledgers

  • Expenditure and accruals
  • Repairs, prepayments and contingencies
• 6 Verification and Valuation of Asset and Liabilities

  • Verification foundations
  • Asset verification and valuation
  • Liabilities, confirmation and fair value
• 7 Depreciation, Reserve and Provision

  • Depreciation and auditor duties
  • Reserves and provisions
• 8 Appointment, Remuneration and Right & Duties of an Auditor

  • Auditor qualification and appointment
  • Rights, duties and removal
• 9 Audit of a Limited Company

  • Company audit preliminaries
  • Share capital audit
  • Commission and debenture audit
• 10 Audit of Divisible Profits and Dividends

  • Divisible profit and valuation
  • Dividend factors and preference dividends
• 11 Audit Report

  • Audit reports and types
  • Audit evidence evaluation
• 12 Liabilities of an Auditor

  • Private and company auditor liabilities
  • Joint and branch auditors
  • Honorary auditors and third parties
• 13 Audit Programs and Procedures of different Classes of Audits

  • Institutional audits
  • Partnership audit procedures
  • Performance auditing
• 14 Investigation

  • Investigation foundations and programme
  • Records, types and investigator liabilities
• 15 Government Audit in Nepal

  • Government and internal audit
  • Misappropriation and Comptroller General
  • Final audit and oversight
  • Directives and standards
• 16 Recent Trends in Auditing

  • Professional institutions and legislation
  • Practice, ethics and audit standards
• 17 Current Issues in Auditing

  • Financial sickness and specialized audits
  • Auditing and assurance
• 18 Project Work

  • Project requirement
  • Assignment and preparation