B.Com (Hons.) CBCSB.Com. (Hons.): Semester - VIPaper - AUDITING AND CORPORATE GOVERNANCELectures: 54Objective:To provide knowledge of auditing principles, procedures and techniques in accordance with current legal requirements and professional standards and to give an overview of the principles of Corporate Governance and Corporate Social Responsibility.Contents:Unit 1: IntroductionAuditing: Introduction, Meaning, Objectives, 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 2: Audit of CompaniesAudit 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 AuditSpecial Areas of Audit: Special features of Cost audit, Tax audit, and Management audit; Recent Trends in Auditing: Basic considerations of audit in EDP Environment; Computer aided audit techniques and tools; Auditing Standards; Relevant Case Studies/Problems.Unit 4: Corporate GovernanceConceptual framework of Corporate Governance: Theories & Models, Broad Committees; 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: Business Ethics )Morality and ethics, business values and ethics, approaches and practices of business ethics, corporate ethics, ethics program, codes of ethics, ethics committee; Ethical Behaviour: Concepts and advantages; Rating Agencies; Green Governance; Clause 49 and Listing Agreement.Unit 6: Corporate Social Responsibility (CSR)Concept of CSR, Corporate Philanthropy, Strategic Planning and Corporate Social Responsibility; Relationship of CSR with Corporate Sustainability; CSR and Business Ethics, CSR and Corporate Governance; CSR provisions under the Companies Act 2013; CSR Committee; CSR Models, Codes, and Standards on CSR.
Overview
Syllabus
B.Com (Hons.) CBCS
ModuleTitle1Introduction to Audit part-12Introduction to Audit part-23Objectives of Auditing4Types of Audit-PART-1 (Classification)5Types of Audit-PART-2 (Classification)6Internal Control – Internal Check 17Internal Control – Internal Check 28AUDIT PLANNING& PROCEDURE-19AUDIT PLANNING& PROCEDURE-2 AUDIT PROGRAMME10AUDIT PLANNING & PROCEDURE-3 AUDIT TECHNIQUES11Vouching 112Vouching 213Vouching 314Verification & Valuation -115Verification & Valuation -216Introduction to Company Auditor17Appointment & Removal18Remuneration, Rights and Duties19Auditor's Report20DIVISIBLE PROFIT AND PAYMENT OF DIVIDEND21Liabilities of an Auditor22Cost Audit, Tax and Management Audit23Recent Trends in Auditing24Computer Aided Audit25Auditing Standards-126Auditing Standards -227INTRODUCTION TO CORPORATE GOVERNANCE28History, Evolution and Roots of Corporate Governance29Principles / Models of Corporate Governance and Corporate Social Responsibility30Corporate Social Responsibility in Indian: Reforms, Initiatives & Good Governance31A REGULATORY BODIES AND ROLE OF BOARD IN CG32BOARD AND ITS ROLE IN CORPORATE GOVERNANCE33Independent Directors34Introduction to Board Committees & Audit Committee35Understanding Corporate Governance and other Board Committees36Corporate Scams and Frauds in India37Corporate Governance in Banks, Financial Institutions and Insurance Companies38CORPORATE GOVERNANCE IN INSURANCE COMPANIES AND PUBLIC SECTOR ENTERPRISES39Corporate governance in Public Enterprise and Conclusion of Corporate Governance40Corporate Governance and Shareholders41Concluding Corporate Governance & Rights of Shareholders42Business Ethics - Introduction43Theories of Ethics44Business Ethics in India, Principles and its role45Ethical Governance-Role of BoD, challenges and Code of Conduct & Ethics46Ethics Committee, Ombudsman and Integrity Pact47Whistleblower, ethics audit48Introduction to CSR49Disclosure & Implementation of CSR50CSR POLICY AND GLOBAL PERSPECTIVE51Sustainability & Implementation of CSR52CORPORATE GOVERNANCE & CSR53CSR - SUSTAINABILITY REPORTING & IMPACT ASSESSMENT OF CSR-154IMPACT ASSESSMENT OF CSR-2
Taught by
Dr. Hemendra Shah, Associate Professor
