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Jain University News

An interactive lecture session on the 'Awareness of Audit Practices' was conducted at Jain (Deemed-to-be University)

On 8th August 2016, Mr. Sadasiva Sarma D, Audit Practice Leader at Grant Thornton LLP addressed the B.Com students of Jain (Deemed-to-be University) on "Awareness of Audit Practice".

The lecture session was a great success and it ended leaving a strong impact on the students on the perspective on Auditing. The main highlights of the session were:

  • 'Voyager' Software for auditing.
  • Services in Industry: Technology, Non-profit organization, Healthcare, Consumer products, etc.
  • Requirement of MS Office.
  • Training regarding GAAS & GAAPS.
  • Importance of Diversity & Inclusion.
  • Audit of financial statements: Financial Reporting, Internal Control, Compliance of contract & License, Etc.
  • Stages of Audit: Planning, Risk Assessment, response to assessed risk, concluding activities & reporting.