Auditing Basics (Professional Course Level)
3.9 (11 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
3,861 students enrolled
Wishlisted Wishlist

Please confirm that you want to add Auditing Basics (Professional Course Level) to your Wishlist.

Add to Wishlist

Auditing Basics (Professional Course Level)

Learn the fundamentals of auditing to excel in accounting and auditing career
3.9 (11 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
3,861 students enrolled
Last updated 5/2017
Current price: $10 Original price: $25 Discount: 60% off
5 hours left at this price!
30-Day Money-Back Guarantee
  • 2 hours on-demand video
  • 1 Supplemental Resource
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Understand Meaning of Audit
  • Understand Principal aspects of Audit
  • Understand Benefits of Auditing
View Curriculum
  • Basics of Accounting
  • Basics of Financial Statements

Are you an Accounting or Finance Professional?

Are you an Accounting or Finance Student planning a career in either of the fields?

Are you a Professional Course Student planning career as Auditor?

Then this course is for you.

Welcome to Auditing Basics.

The basic purpose of Auditing is to confirm the authenticity of Books of Accounts prepared by an accountant.

So, the auditing begins, where the function of an accountant ends.

Auditing is done to determine the true and fair picture of accounts.

Auditing is done by examining the books of accounts with supporting documents in order to detect and prevent fraud and error.

Auditing provides lots of benefits like

a) Verification of Books of Accounts

b) Independent Opinion

c) Moral Check

d) Protection of the Rights and Interests of Share holders

e) Reliance by Outsiders

f) Ensures compliance with level requirements

g) Strengthens Internal Control

Hence, by taking this course, you will learn

i) Evolution of Auditing

ii) Meaning of Auditing

iii) Features of Auditing

iv) Objectives of Auditing

v) Principal aspects of Auditing

vi) Benefits of Auditing

vii) Limitations of Auditing

viii) Statutory Audit

ix) Internal Audit

x) Secretarial Audit

xi) Cost Audit

xii) Tax Audit

xiii) Bank Audit

xiv) Insurance Audit

xv) Management Audit

xvi) Tools of Audit

This course is structured in Self paced learning style.

You may find accounting terminologies used in this course. Hence, you should have Basic knowledge of Accounting.

Advanced auditing tools and concepts will be launched as separate courses in the due course.

Who is the target audience?
  • Accounting / Finance Professionals
  • Accounting / Finance Students
  • CA / CMA / CS / CFA / CPA / CIMA Students
Students Who Viewed This Course Also Viewed
Curriculum For This Course
35 Lectures
7 Lectures 24:44

Purpose of Auditing

Evolution of Auditing

Meaning of Auditing

Features of Auditing

Objectives of Auditing

Principal aspects of Auditing
Pros and Cons of Auditing
2 Lectures 07:03
Benefits of Auditing

Limitations of Auditing
2 Lectures 12:37

General Consideration in Audit of Cash Transactions
Audit of Capital Expenditure
6 Lectures 28:55
Capital Expenditure and Revenue Expenditure

Purpose of Providing Depreciation

Depreciation on Wasting Assets

Methods of Providing Depreciation

Factors to be considered in Selecting Depreciation Policy
Auditors Independence
18 Lectures 56:03
Concept of Auditors Independence Part 1

Concept of Auditors Independence Part 2

Persons disqualified for Appointment as Auditor of Company as per Companies Act

Independence vis-à-vis Indebtedness of Auditor

Introduction to Audit Evidence

Introduction to Sufficiency and Appropriateness of Audit Evidence

Sufficiency of Audit Evidence

Appropriateness of Audit Evidence

Sources of Audit Evidence

Audit Procedures to obtain Audit Evidence

Risk Assessment and Nature and Timing of Audit Procedures

Audit Procedures to obtain Audit Evidence Detailed Explanation

Tests of Controls

Timing of Tests of Control

Using Audit Evidence obtained in Previous Audits

Evaluating the operating effectiveness of controls

Substantive Procedures

Bonus Lecture - Discount Coupon Links for other Courses
9 pages
About the Instructor
CA Raja Natarajan, B.Com., PGDBA, FCA
4.1 Average rating
975 Reviews
36,371 Students
82 Courses
Chartered Accountant

I am a Chartered Accountant with tonnes of passion for teaching.

I teach Financial Management & Strategic Financial Management for Chartered Accountancy, Cost and Management Accountancy and Company Secretary students in Ernakulam, India. I also hold Post Graduate Diploma in Business Administration in Finance from Symbiosis, Pune and Bachelors in Commerce, from Loyola College, Chennai.

I worked in State Bank of India as Assistant Vice President - Credit for a period of four years after which i started my Chartered Accountancy Practice. During the stint in State Bank of India, I worked on credit proposals of Mid Corporate Units and gained good experience in Financial Analysis, Risk Assessment, Viability Study, Evaluating business models, Project Finance, Working Capital Management, etc.

I conduct work shops for Entrepreneurs, Chartered Accountancy / Cost and Management Accountancy Students on the topics like Project Finance, Credit Risk Assessment, Entrepreneurship Development, Finance for Non Finance Executives, etc.

I love teaching and i want fundamentals of accounting and finance to reach students and so i am here.