Introduction of the Course: Globally the concept of Auditing has undergone a radical change especially with respect to its approaches, principles and procedures. At the same time auditors of 21st Century must be prepared to “audit” virtually anything. All these elements have made the subject quite dynamic and at the same time complicated too. The constant changes in the regulatory framework relevant to its conduct further add to the complexity of the subject. Keeping this in mind, the course content is designed in such a way that it gives the students an overall view of the subject in a student-friendly manner.