Auditing Tutorial
Auditing Useful Resources
Selected Reading
- Auditing - Tax Audit
- Auditing - Management Audit
- Auditing - Audit of Hotels
- Audit of Co-Operative Societies
- Audit of Shipping Company
- Audit of Electricity Supply Company
- Auditing - Audit of Doctors
- Audit of Partnership Firms
- Audit of Sole Proprietary Concern
- Audit of Clubs & Theatre
- Audit of Charitable Institutions
- Audit of Educational Institutions
- Auditing - Audit of Hospitals
- Auditing - Capital and Revenue
- Depreciation, Reserves & Provision
- Auditing - Audit Verification
- Auditing - Vouching of Ledger
- Vouching of Cash Transactions
- Auditing - Trading Transactions
- Auditing - Mechanized Accounting
- Auditing - Audit Vouching
- Auditing - Audit Sampling
- Auditing - Internal Audit
- Internal Check and Auditor
- Auditing - Internal Check
- Auditing - Internal Control
- Auditing - Audit Techniques
- Auditing - Types of Evidence
- Auditing - Audit Evidence
- Duties of Audit Staff
- Methods of Audit
- Modification of Audit Program
- Examples of Audit Program
- Auditing - Audit Program
- Auditing - Audit Planning
- Preparation before an Audit
- Auditing - Classifications
- Auditing - Limitations
- Auditing - Advantages
- Auditing - Basic Principles
- Detection and Prevention of Errors
- Detection and Prevention of Fraud
- Auditing - Introduction
- Auditing - Home
Auditing Useful Resources
Selected Reading
- Who is Who
- Computer Glossary
- HR Interview Questions
- Effective Resume Writing
- Questions and Answers
- UPSC IAS Exams Notes
Auditing - Limitations
Auditing - Limitations
Following are a few pmitations of auditing −
Rely on Experts − An Auditor has to rely on experts pke engineers, valuers and lawyers for estimation and valuation of fixed assets and estimation of contingent pabipties.
Efficiency of Management − An Auditor does not comment on the efficiency of management working in cpent organization; no comments on future performance of an organization can be made through audited financial statements.
Checking of All Transactions − It is not possible for an Auditor to check all business transactions especially in big organizations where the number of transactions is very high. An Auditor has to rely on samppng and test checking.
Additional Financial burden − An organization has to bear additional financial burden on account of any fees and other such expenses for conducting an audit.
Not Easy to Detect Some Frauds − It is not easy for an Auditor to detect deeply laid frauds pke forgery, misstatements and non-recording of transactions.