Question

STUDY ONE BY ONE . AND TRY TO CLEAR THE CONCEPT- NO OTHER WAY

I am not from the accounts back ground. I have worked for 15 years abroad in a general management position.

Having come back to India, i find that some auditors are still insisting on manual registers for products going out for demonstrations, physical certificates for bank deposits. We have all these in e form. How much mandatory is it from the Indian accounting requirement to have manual documentation?

What does the auditor fee consist off. A fixed charge agreed by the board, plus other expenses like travel to place of audit, car hire charges, food etc.

Can anybody clarify as I am pretty ignorant in this matter.

"How much mandatory is it from the Indian accounting requirement to have manual documentation?+

 - Thats depends on the documents which are not available online or in e-form. which documents is he asking manual?

Dear Ankita Mundhra

as per my view i suggest u to go for Tiwari's book on Accoutning standard for IPCC and Final its good and it contains many suggest problems previous exams

Originally posted by : Ankita Mundhra
	how to study auditing standards?? there r so many.

While one should have a broad understanding, specific standards to be identified for indepth study and understanding:

eg:SA 200 - Objectives, SA 230 - Documentation, SA240 - Relating to Frauds, SA 320 - Material Misstatement, SA 500 - Evidence, SA 600 - Using the work of Another Auditor, SA-610, SA-720 etc....