This book comprises novel approach to the study of Auditing by considering mandatory guidelines of Indian Accounting standards for Undergraduate students of Indian universities & other professional examinations. The development of modern accountancy and the growth of auditing profession in India and, indeed, in the world as a whole must be seen in the context of the enormous expansion of industry, trade and commerce which has taken place in the last decade. The auditing profession is now going beyond the duties prescribed by the Companies Act. It is initiating its own accounting standards, and auditing regulations and guidelines.

Dr. Renuka Bakshi, Ph.D in Management is exceptionally seasoned and knowledgeable Accounting & Finance academician with a stellar teaching and academic service record. She is presently working as Associate Professor (Finance) at all graduate and undergraduate level in Amity University Uttar Pradesh, Noida campus since 2010. She has experience of 20 years in Academics in various Educational Institutes. She is alumnus of P.G. Nehru Govt. College & got her Ph.D. degree from Singhania University. She is having exceptional skills at teaching a variety of complex financial statement, its analysis and expertise in explaining International Financial management, Computerised Accounting and practices clearly and accessibly to professional and non-professional audiences. She has more than 25 research papers in various International Journals She has attended many workshops, FDP, Seminars, Conferences & presented many papers. She has also taken lots of guest lectures in Webinars & Workshops. She has been organizing Seminar & International Conferences in Amity University with collaboration of Foreign Universities & other National organisation. She has also published book on "Financial Frauds: Learnings for Stakeholders".

Dr. Swaricha Johri is currently working as an Assistant Professor in Amity University Noida; she is having more than 6 years of experience in academia as Assistant Professor at under graduate and postgraduate level. Author got her Doctorate (Ph.D. Degree) in Commerce from Aligarh Muslim University in year 2016. Having several years of teaching experience in different management institute. Dr. Swaricha has authored many research papers in the area of finance and is a continuous participant of several workshops and conferences in her field. Author has qualified UGC NET (Management) in Dec 2011 and June 2012. Her area of interest is finance and accounts, and she is taking Accounts and Finance specialized subjects at Graduate and Post Graduate Level. Dr. Swaricha is an active member of Organizing committee of international conference on contemporary issues of management in Amity University. She has contributed actively in organizing and participating in various national seminars sponsored by ICSSR and UGC. Dr. Swaricha always worked as an active member in the Research and Development Committee and Examination Committee of the college.

Dr. Harsh Kumar, Ph.D. in Management Science is former banker and an academic leader. He is presently working as Associate Professor (Finance) at UG/PG level in Amity University Uttar Pradesh Noida since 2014. He is an alumnus of Shri Ram College of Commerce (SRCC), Birla Institute of Management Technology (BIMTECH) and obtained his Ph.D. degree from University of Mysore. He has 22 years of vast experience in the realm of corporate and teaching in areas of bank audit, retail banking et al. He worked as Assistant Vice President in Yes Bank, Delhi NCR and previously as Senior Manager in Axis Bank, Delhi region. He has been spearheading and executing international conferences and seminars in collaboration with financial partners like State Bank of India (SBI) and Small Industries Development Bank of India (SIDBI) and with Kingston University, U.K. and Brunel University, London as knowledge partners. He has attended a number of workshops, seminars and conferences and presented research papers. He is the recipient of Academic Leader of the Year Award 2018 awarded by BIMTECH for his contribution towards social and educational emancipation of girl child, elderly population through his different projects along with his students.