Accouting policies used in audit

Accounting policies are used in the following cases:

Depreciation on Fixed Assets

Valuation of Fixed assets in the B/S

Valuation of Gratuity

Accounting treatment for Forex

Accounting treatment for Product Warranties

Presentation of Investments

Valuation of Stock

Amortization of VRS expenditure,  Preliminary Expenses etc..

also please refer to the Advanced Auditing study material of CA Final chapter Audit Report for more information.