The audit is conducted with the help of the following technique:

Casting refers to the checking of additions, deductions, carryforwards, brought forwards and financial statement. This job is normally done by a junior member of an audit team using mechanical appliances.

Calling over

This is usually carried out by two clerks one reading the item to the other. Care should be used to see that the whole of the important details of each item is checked and not merely the amount.

Vouching

It is one of the important techniques of audit in which the entries are checked with the help of available documentary evidence. It is also examined that all such vouchers have also been recorded in the books of account.

Verification

In such a process of audit, an auditor has to verify that all assets and liabilities which are shown on the balance sheet. They actually exist in the business. The auditor has to verify further regarding their ownership, possession, and valuation of such item

Reporting

After the above steps have been carried out the auditor will then be required to submit his report. This form and the contents of the report depends upon the nature of audit and the nature of the business.