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Audit in books & in reality

Chetan (Senior Auditor) (172 Points)

20 August 2011

CAn anyone share the difference between the actual and bookish audit..........

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Mansi (CA (Final), B.com) (939 Points)
Replied 20 August 2011

I think Actual things will not done withour Bookish knowledge

when i done my first audit i applies all the bookish knowledge on Practical queries .. so bookish knowledge will provide you rules and regulations what is this ??and all and Practical Things / Queries will provides you the structure how to do ?? In which and How rules and other things will be applicable.. So Bookish Knowledge is the primary step and practical/ Actual audit is secondary to build youself as a perfact professional ....

Regards,

Mansi Batra

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Chetan (Senior Auditor) (172 Points)
Replied 20 August 2011

Thanks Mansi

Mansi (CA (Final), B.com) (939 Points)
Replied 20 August 2011

anytym dear m hear to help everyone if my knowledge will help you , then it really make me happy

CA ADITYA SHARMA (CA IN PRACTICE ) (16719 Points)
Replied 20 August 2011

Originally posted by : Mansi
	I think Actual things will not done withour Bookish knowledge when i done my first audit i applies all the bookish knowledge on Practical queries .. so bookish knowledge will provide you rules and regulations what is this ??and all and Practical Things / Queries will provides you the structure how to do ?? In which and How rules and other things will be applicable.. So Bookish Knowledge is the primary step and practical/ Actual audit is secondary to build youself as a perfact professional .... Regards, Mansi Batra

AGREED

Devadas K S (One life one Dream) (3525 Points)
Replied 20 August 2011

Thanks Mansi

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Manik (CA) (831 Points)
Replied 20 August 2011

Actual Audit means when you go at the client place and do the audit in reality.

By bookish audit you really don't do any audit. Its basically dummy audit. We adjust books to relevant laws to make the books comply with the laws before submitting it to revenue authorities.