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SUBMITTED BY

Group No: 02
Name of the Members of the Group:
Serial No| Name of the Members of the Group| Roll No|
01| Shaikh Md. Rasal Patowary| 0808020|
02| Md Zahidul Arafin| 0808028|
03| Md Jahirul Islam| 0808029|
04| Mohammed Kamrul Hasan (Group Leader)| 0808030|
05| Md Rakibul Hasan| 0808037|

Group Representitative: Mohammed Kamrul Hasan
Group Coordinator: Md. Zahidul Arafin
Contact: kamrulmgt30@gmail.com

13 May 2013
The Course Teacher,
Md. Kafil Uddin,
Lecturer,
Department of Management Studies,
Comilla University,
Kotbari, Comilla.

Subject: An application for receiving this assignment.
Dear Sir,
By the grace of Almighty Allah, the most benevolent and merciful your solitary help we have been successful to complete the assignment on the study of “Auditing” that you have asked us to prepare. We have tried our best to make this term paper comprehensive and reliable within the given time period. We also tried to discuss the topics elaborately and easily. Though our intentions were strong to make this term paper best, unfortunately there may be some mistakes with mercifully.

Yours faithfully,
Mohammed Kamrul Hasan

ID- 0808030, 3rd Batch,
Dept. of Management Studies,
On Behalf of the Group- 02,
Comilla University.

Acknowledgements

By the grace of Allah we have completed our assignment on “Auditing Theory”. At first, thanks go to our honorable course teacher Md. Kafil Uddin for his direction, suggestions as well as co-operation to prepare the term paper. We have tried our best to make the assignment comprehensive and reliable within the given time period. Nevertheless, some mistakes might be occurred, please notice these types of unconscious mistakes with sympathy. Your suggestions and comments for the improvement of this assignment will be thanked fully received and if you need any quires the study, please inform.

Yours faithfully,
Mohammed Kamrul Hasan

ID- 0808030, 3rd Batch,
Dept. of Management Studies,
On Behalf of the Group- 02,
Comilla University

TABLE OF CONTENTS

Topics Page Number * Introduction…………………………………………………………………..page 5 * What is audit theory?.......................................................................................page 6 & 7 * Auditing theory-conceptual framework…………………………………….page 7 & 8 * Axioms of a theory of auditing………………………………………………page 9 &10 * Auditing concept:

* Evidence………………………………………………………………page 10 * due care……………………………………………………………….page 11 * fair presentation……………………………………………………...page 11 * independence…………………………………………………………page 12 * audit sampling………………………………………………………..page 12 * internal auditing……………………………………………………...page 13 * Ethical conduct auditing standards:

* General standards…………………………………………………....page 14 * Field work standards………………………………………………...page 14 * Reporting standards…………………………………………………page 14 * Judgment in auditing-quality control………………………………………page 15 * Auditing procedures: substantive and compliance procedure……………page 16 * Conclusion……………………………………………………………………page 17 * References…………………………………………………………………....page 18

INTRODUCTION

A theory is defined in Encyclopædia Britannica as follows:

“Systematic ideational structure of broad scope, conceived by the human imagination, that encompasses a family of empirical (experiential) laws regarding regularities existing in objects and events, both observed and posited. A scientific theory is a structure suggested by these laws and is devised to explain them in a scientifically rational manner.”

Theories on the demand for auditing provide a general framework for auditing, or at least for understanding it. Mautz and Sharaf (1961) define the purpose of theory in the following way: “One reason, then, for a serious...
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