The document discusses various types of auditing, emphasizing the importance of ensuring proper maintenance of accounts as required by law. It categorizes audits based on organization (statutory and voluntary), functions (internal and external), approach (time, scope, and objective), and dimensions (tax, management, cost, etc.). Each type of audit has specific characteristics and objectives tailored to the needs of the organization or the requirements set forth by law.

1. AUDITING
TYPES OF AUDITING

2. Meaning of auditing
Auditing attempts to ensure that the books of accounts are properly maintained
by the concern as required by law. Auditors consider the propositions before
them, obtain evidence, and evaluate the propositions in their auditing report

3. TYPES OF AUDITING
 on the basis of organization
 On the basis of functions
 On the basis of audit approach
 On the basis of audit dimension

4. ON THE BASIS OF ORGANIZATION
• Statutory audit
it refers to the audit of an organisation perform under a statute.
In this types of audit the rights , powers, duties are laid down by statute which
can not be altered
• Voluntary or non-statutory audit
these audits are also known as “private audit”. In the types of audit duties and
powers are decided as per the agreement between the auditor and the client.

5. On the basis of functions
 Internal audit
it is a type of audit conducted by the own staff of the organization. It is done to verify the reliability and
authentically of the financial accounting
 External audit
it is a type of audit performed by auditor outside the business organization. Qualified chartered
accountant are appointed as external auditor.

6. On the basis of audit approach
 Time basis
a. continuous audit
b. interim audit
c. periodical or final audit
 Scope basis
a. complete audit
b. partial audit
 Objective basis
a. balance sheet audit
b. occasional audit

7. On the basis of audit dimension
 Tax audit
 Management audit
 Cost audit
 System audit
 Cash audit
 Social audit
 Energy audit
 Proprietary audit
 Performance audit
 Secretarial audit

8. Thank you…..