Auditing and Corporate Governance

Unit-1 Auditing

Introduction, Meaning, Objects, Basic Principles and Techniques; Classification of
Audit, Audit Planning, Internal Control – Internal Check and Internal Audit; Audit Procedure – Vouching and verification of Assets & Liabilities

Unit-2Audit of Limited Companies:

Company Auditor- Qualifications and disqualifications,
Appointment, Rotation, Removal, Remuneration, Rights and Duties Auditor’s Report-Contents
and Types. Liabilities of Statutory Auditors under the Companies Act 2013

Unit-3 Special Areas of Audit:

Special features of Cost audit, Tax audit, and Management audit;
Recent Trends in Auditing: Basic considerations of audit in EDP Environment; Standard on
Auditing(SA); Relevant Case Studies/Problems;

Unit-4 Corporate Governance:

Conceptual framework of Corporate Governance, Corporate
Governance Reforms. Major Corporate Scandals in India and Abroad: Common Governance
Problems Noticed in various Corporate Failures. Codes & Standards on Corporate Governance

Unit-5 Corporate Social Responsibility (CSR):

Strategic Planning and Corporate Social
Responsibility; Corporate Philanthropy, Meaning of CSR, CSR and CR, CSR and Corporate
Sustainability, CSR and Business Ethics, CSR and Corporate Governance, Environmental
Aspect of CSR, CSR provision under the Companies Act 2013, CSR Committees