Auditing and Cost Accounting Dr. Anoop Pant Auditing involves official examination and verification of accounts or claims; an examination into accounts or dealings with money and prosperity, especially an of accounts by proper officers or persons appointed for that purpose, who compare the charges with the vouchers, account books examine witnesses and state the result. The Cost Accounting was born to fulfill the needs of management of manufacturing companies for detailed information about the cost. Cost accounting is a mechanism of accounting by means of which costs of services or products are ascertained and controlled in manufacturing firm for different purposes. It has been written in an analytical and lucid manner illustrated with suitable examples and working notes to the reader may follow it step by step without any difficulty. Author is really happy to present before them the first edition of auditing. It is written in such a manner that a common student can learn principles and methods of Audit.