This book covers syllabi on Auditing, as prescribed by Indian Universities and Institutes of Commerce and Management. The authors have tried their best to cover every single topic, leaving none but at the same time avoiding unnecessary details. While the subject matter of the book has been gathered from authentic text books, reports and journals, it has been explained through examples drawn from the actual business world. Cases with Court decisions have been cited wherever necessary. Regulations and Laws have been authentically reproduced from original sources. Language of narration has been kept as much free from technical jargon as possible. Thus the authors have tried their best to present an ideal textbook for the students and a reference book for all those who are concerned with auditing, the teachers, the company secretary, the chartered accountant and last but not the least, the entrepreneur himself.