ADVANCED AUDITING, ASSURANCE AND PROFESSIONAL ETHICS

Paper Code: 
BCP 613
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

 

Course Outcomes (COs):

Learning outcome (at course level)

Learning and teaching strategies

Assessment Strategies

 
 

CO 182: Analyze current auditing standards and procedures and apply them in auditing engagements. Assess the risk and Plan and strategize audit as per auditing standards

CO 183:Understand Special aspects of Auditing in an Automated Environment and

CO 184:Analyze Corporate Governance in audit and disclosure requirements. Conduct audit of Consolidated financial statements, banks and NBFC

CO 185:Analyze audit in limited companies and Audit under fiscal laws and public sector undertakings

CO 186:Describe the role of Peer review board quality review board and Appraise the knowledge of code of ethics to your professional practice and Identify threats and safeguards measures while compliance of fundamental principles of professional ethics

Interactive Lectures, Discussion, Tutorials, Reading assignments

 

Self-learning assignments, Effective questions, Seminar presentation,

 

Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects

 

12.00
Unit I: 
  • Quality Control

    General Auditing Principles and Auditors Responsibilities

    Audit Planning, Strategy, and Execution

    Materiality, Risk Assessment and Internal Control

12.00
Unit II: 
  • Audit Evidence

    Completion and Review

    Reporting

    Specialized Areas

12.00
Unit III: 
  • Audit-related Services

    Review of Financial Information

    Prospective Financial Information and Other Assurance Services

    Digital Auditing and Assurance

12.00
Unit IV: 
  • Group Audits

    Special Features of Audit of Banks & Non-Banking Financial Companies

    Overview of Audit of Public Sector Undertakings

    Internal Audit

12.00
Unit V: 
  • Due Diligence, Investigation and Forensic Accounting

    Emerging Areas: Sustainable Development Goals (SDG) & Environment, Social and Governance (ESG) Assurance, etc.

    Professional Ethics and Liabilities of Auditors

Essential Readings: 

 

ESSENTIAL READINGS: 

  • Study Material Published by Institute of Chartered Accountants of India

 

SUGGESTED READINGS:

  • Scanner-Arun Kumar (Suchitra Prakashan (P) Ltd)

References: 

 

E-RESOURCES:

 

JOURNALS:

  • The Chartered Accountant Journal /ICAI Student Journal

 

Academic Year: