Accounts and Audit Ministry of Corporate Affairs in India

The book delves into the process of auditing, emphasizing its role as an independent examination of financial information across various entities, regardless of size or legal form. It outlines the auditor's responsibilities in evaluating propositions and gathering evidence to ensure compliance with legal standards. The text highlights the importance of audits in providing assurance to stakeholders about the accuracy of financial statements and explores other areas of auditing, such as compliance and risk management, enhancing governance and control.