AUDIT AND DUE DILIGENCE

Concepts of Various Audits: Corporate Governance Audit, Secretarial Audit, Internal Audit, CSR Audit, Takeover Audit, Insider Trading Audit, Industrial and Labour Laws Audit, Cyber Audit, Environment Audit, Systems Audit, Forensic Audit, Social Audit

Audit Engagement: Auditing Standard on Audit Engagement (CSAS-1), Audit Engagement Process, Audit Fee, Limit on Audit Engagements, Conflict of interest, Confidentiality, Changes in terms of Engagement, Case Laws and Case Studies.

Audit Principles and Techniques: Audit Techniques, Examination and its Process, Enquiry, Confirmation, Sampling, Compliance test of Internal Control System, Substantive Checking, Verification of documents/ records, Creation of Audit Trails, Analysis of Audit findings, Case Laws and Case Studies.

Audit Process and Documentation: Auditing Standard on Audit Process and Documentation (CSAS-2), Audit Planning, Risk Assessment, Information about the Auditee, Audit Check-lists, Collection and Verification of Audit Evidence, Third Party Confirmation, Analysis of Audit Evidence, Documentation, Record Keeping and Retention, Case Laws and Case Studies

Forming an Opinion &Reporting: Auditing Standard on Forming of Opinion (CSAS-3), Process of Forming of Opinion, Precedence and Practice, Third Party Report or Opinion, Form of an Opinion, Limitation, Auditor’s Responsibility, Management Representation Letter, Discussion with Management, Format of Report, Audit Report and drafting of qualification, sharing of draft report with Management, Signing of Audit Report and Submission, Case Laws and Case Studies.

Secretarial Audit: Auditing Standard on Secretarial Audit (CSAS-4), Concept & Advantages, Legal Provisions, Risk of Secretarial Auditor, Code of Conduct, Scope of Secretarial Audit, Identification and Segregation of applicable Laws, Verification of corporate conduct and compliance of Laws major bearing on Auditee’s affairs, Impact of Audit Report, Case Laws and Case Studies. Monitoring of Certification and Audit Work by Quality Review Board, Case Laws and Case Studies

Secretarial Audit: Board Composition, Board Processes, System and Process, Detection of Fraud, Reporting of Fraud, Identification and Reporting of the events/actions having

Internal Audit & Performance Audit: Objective & Scope, Internal Audit Techniques, Appraisal of Management Decisions, Performance Assessment, Internal Control Mechanism, Case Laws and Case Studies Peer Review Audit and Quality Review Audit: Peer Review, Monitoring of Certification and Audit Work by Quality Review Board, Case Laws and Case Studies

Due Diligence: Overview and Introduction to Due Diligence, Scope of Due Diligence, Stages and Process of Due Diligence, Techniques of Due Diligence and Risk Assessment, Types of Due Diligence: Legal Due Diligence; Financial Due Diligence; Bank Due Diligence, Case Laws and Case Studies