Coming soon
Advanced Auditing and Professional Ethics - II
(a) To acquire the ability to analyze current auditing practices and procedures and apply them in auditing engagements;
(b) To acquire the ability to solve cases relating to audit engagements.
Audit Committee and Corporate Governance: Audit committee; Role of auditor in Audit Committee and Certification of Compliance of Corporate Governance; Compliances with Laws and Regulations (SA 250); Disclosure requirements including those of SEBI; Regulatory requirements of Corporate Governance and Report thereon.
Audit of Consolidated Financial Statements: Provisions under the Companies Act, 2013 in respect of Accounts of Companies and Rules made there under; Audit of Consolidated Financial Statements; audit considerations; reporting.
Special features of audit of Banks, Insurance & Non Banking Financial Companies,
Audit under Fiscal Laws: Audit under Fiscal Laws, viz, Direct and Indirect Tax Laws including documentation for Form 3CD etc.
Special Audit Assignments: Special audit assignments like audit of members of stock exchange, mutual funds, depositories, bank borrowers; Environmental audit; Energy audit; Audit of Stock and Debtors (Unit Inspections).
Audit of Public Sector Undertakings: Special features, Directions of CAG; Propriety audit; Performance audit; Comprehensive audit.
Internal Audit, Management and Operational Audit: Provisions of internal audit as per Companies Act, 2013; Scope of internal auditing; Relationship between internal and external auditor; Basics of Internal Audit Standards issued by the ICAI; Drafting of Internal Audit Report; Management audit and Operational audit.
Due Diligence, Investigation and Forensic Audit: Due Diligence Review; Audit versus Investigation; Steps for investigation; Types of investigation; procedure, powers, etc. of investigator; Types of Fraud, indicators of fraud, follow-up thereof; Forensic audit- meaning, difference between statutory audit and forensic audit, forensic audit techniques, forensic audit report etc
Peer Review and Quality Review
Professional Ethics: Code of Ethics with special reference to the relevant provisions of the Chartered Accountants Act, 1949 and the Regulations there under.
Reference Books
Study Material Published by ICAI
Note:
(i) The specific inclusions/exclusions, in any topic covered in the syllabus, will be affected every year by way of Study Guidelines.
(ii) The provisions of the Companies Act, 1956 which are still in force would form part of the syllabus till the time their corresponding or new provisions of the Companies Act, 2013 are enforced.
(iii) If new legislations/ Engagement and Quality Control Standards /Guidance
Notes/Statements are enacted in place of the existing legislations, the syllabus would include the corresponding provisions of such new legislations with effect from a date notified by the Institute. The changes in this regard would also form part of Study Guidelines.
