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,

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.

• 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.