Вы находитесь на странице: 1из 4

“TYPES OF AUDIT FOR A PUBLIC COMPANY

(PUNJAB NATIONAL BANK)”

SYNOPSIS SUBMITTED IN THE PARTIAL FULFILMENT OF THE COURSE TITLED –

PRINCIPLES OF ACCOUNTING AND AUDIT

SUBMITTED TO:
Mr. Ashok Kumar Sharma
Teacher Associate

SUBMITTED BY:
NAME: PRANAV RAJ
COURSE: B.B.A. LL.B (Hons.)
ROLL NO: 2030
SEMESTER: 2ND

CHANAKYA NATIONAL LAW UNIVERSITY, NYAYA


NAGAR, MITHAPUR, PATNA - 800001
INTRODUCTION

The audit of banking companies plays a very important role in India as it help to regulate the
banking companies in right manner. In audit of banks includes various types of audit which
are normally carried out in banking companies such as statutory audit, revenue/income
expenditure audit, concurrent audit, computer and system audit etc. the above audit is mainly
conducted by the banks own staff or external auditor. However, the rules and the regulation
relating to the conduct of various types of audit or inspections differ from a bank to bank
expect the statutory audit for which the RBI guidelines is applicable. In this, I have given
more importance on the overall bank audit system. In today’s competitive world audit is very
much necessary as well as compulsory , because investor investing decision is depend on that
particular concept if auditor has expressing his view about particular organization is true and
fair then investor can get his ideas about how much he should invest in particular companies.

AIMS AND OBJECTIVES

1) To determine the importance of Auditing.


2) Analyse the impact of auditing on the functions of the bank.
3) Identify possible operational problems associated with auditing in the banking sector.
4) Make recommendation(s) for further improvement in process of auditing.

HYPOTHESIS

The researcher considers the following hypothesis:


Auditing is regularly done to improvise the working of bank to overcome any default or to
restrict any fraud or malpractice in the organisation.
RESEARCH METHODOLOGY

The researcher will be relying on Doctrinal method of research to complete the project.

SOURCE OF DATA

The researcher will be relying on both primary and secondary sources to complete the
project.

1. Primary Sources: Employees of PNB

2. Secondary Sources: Journals, magazine, articles and websites.

TENTATIVE CHAPTERISATION

1. Introduction
2. About Auditing
3. Evolution of Auditing
4. Principles of Auditing and its types
5. Types of Auditing practiced in PNB in brief:
I. Statutory Audit
II. Non- Statutory Audit
III. Internal Audit
IV. Complete Audit
V. Partial Audit
VI. Continuous Audit
VII. Final Audit
VIII. Interim Audit
IX. Concurrent Audit
X. Special Audit
XI. Cost Audit
XII. Management Audit
XIII. Social Audit
XIV. Occasional Audit
XV. Cash Audit
XVI. Tax Audit
XVII. Efficiency Audit

6. Impact, Advantages and Limitations


7. Conclusion with suggestions

BIBLIOGRAPHY

The researcher has consulted following sources to complete the rough proposal:

BOOKS:

CBSE. (n.d.). NCERT.

Loughran, M. (2010). AUDITING FOR DUMMIES. John Wiley & Sons.

professors, N. C. (n.d.). AUDITING CASES: AN INTERACTIVE LEARNING APPROACH. Pearson .

Russell, J. P. (2007). THE INTERNAL AUDITING POCKET GUIDE: PREPARING, PERFORMING,


REPORTING AND FOLLOW-UP. Amer Society for Quality.