Ranchi University, Jharkhand, General Semester 2, Auditing Syllabus

Unit I:
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.

Unit II:
Audit of Ltd. Companies: Company Auditor- Qualification 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 III:
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.

Unit IV:
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.