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UNIVERSITY OF MUMBAI
RAYAT SHIKSHAN SANTHAS
KARMAVEER BHAURAO PATIL COLLEGE
VASHI, NAVI MUMBAI

PROJECT REPORT ON
AUDIT OF ACCOUNT OF COMPANY

SUBMITTED BY
DATTATRAY ANNAPPA HALGE
M.Com Sem III (2013-14)
ROLL.NO 443

PROJECT GUIDE
Prof .Ms. BABITA KAKKAR

IN PARTIAL FULFILMENT FOR THE COURSE OF
MASTERS IN COMMERCE (ADVANCED
ACCOUNTANCY) M.Com. Semester III
ACADEMIC YEAR 2013-2014
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ACKNOWLEDGEMENT

I would sincerely like to give my heartfelt
acknowledgement and thanks to my parents. Any amount of
thanks given to them will never be sufficient.
I would like to thank the University of Mumbai, for
introducing Banking and Insurance course, thereby giving the
student a platform to abreast with changing business scenario,
with the help of theory as a base and practical as a solution.
I would sincerely like to thank our Principal Prof. K.G.
Tapase . I would also like to thank my project guide Prof.
MR. TUSHAR KARNJEKAR for his/her valuable support
and guidance whenever needed.
I would like to thank the officials of Future General Life
Insurance Co Ltd who gave me their valuable time and gave
explanations for the questions asked.
I also feel heartiest sense of obligation my library staff
members & seniors who helped in collection of Data and
materials and also in this processing as well as in drafting
manuscript.
Last, but not the least, I would like to thank my friends &
colleagues for always being there.


Signature
Dattatary Halge
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DECLARATION

I, Dattatray Annappa Halge student of KARMAVEER
BHAURAO PATIL, COLLEGE, VASHI Studying in
M.com.Sem.-III hereby declare that I have completed this
project on AUDIT OF ACCOUNT OF COMPANY as per
the requirements of University of Mumbai as a part of the
curriculum of M.com. Sem.-III course and this project has
not been submitted to any other University or institute for the
award of any degree, diploma etc. the information is
submitted by me is true and original to the best of my
knowledge.




Date: - ----------- Place:- Vashi, Navi Mumbai



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RAYAT SHIKSHAN SANTHAS
KARMAVEER BHAURAO PATIL COLLEGE
VASHI, NAVI MUMBAI 400703

CERTIFICATE

This is to certify that Dattatray Annappa Halge Student of
M.com. Sem.- III has completed this project on AUDIT OF
ACCOUNT OF COMPANY and has submitted a
satisfactory report under the guidance of Prof. Ms. BABITA
KAKKAR in the parttiial fulfillment of M.com.Sem.-III course
of University of Mumbai in the academic year 2013-2014.





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Project Guide Coordinator External principal
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INDEX

CHAPTER
No.
PARTICLUALRS Page
No.
1. Audit

1.1 Concept
1.2 Definition


8
9
2. Types Of Ledger Included in Financial Statement

10
3. Uses, Objectives, Importance of Ledger in Audit

12
4. Objectives of Study

14
5. Profile of Company

15
6. Financial Statement

17
7. Selection of Ledger For Audit

19
8. Steps Taken For Conduct Of Audit Of Ledger

21
9. Procedure/ Process For Audit Of Ledger

23
10. Technique Used for Audit of Ledger

25
11. Conclusion and Suggestion

27


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