To acquire thorough understanding of secretarial audit and Due Diligence.
CO 1: To evaluate and gain knowledge about various types of audit and standards made for them
CO 2: To appraise in detail about Secretarial audit, Internal audit and process audit.
CO 3: Reviewing on the scope of various audits and purpose of conducting them.
CO 4: Facilitate the concept of other audits like CSR audit , takeover audit, system audit , forensic audit etc.
CO 5 :Assessing the types of due diligence.
Forming an Opinion & Reporting : Process of forming an opinion; materiality; forming an opinion on report of third party/expert; modified/unmodified opinion/qualifications; Management Representation Letter, Opinion obtained by Management, Discussion with Management, Evaluating Audit Evidence and forming Opinion, Audit report and drafting of qualifications; Sharing Draft Report with Management with Category of Risk involved with each Remark and Qualification, Signing of Audit reports and its Submission, Auditing standards on forming of an Opinion.
Secretarial Audit : Fraud detection &Reporting ,Duty to report fraud; Reporting of Fraud by Secretarial Auditor; Fraud vs. Noncompliance; speculation; suspicion; Reason to believe; knowledge; Reporting; Professional Responsibilities and Penalties; Recordkeeping; Reporting of fraud in Secretarial Audit Report.
Quality Review: Peer Review; Monitoring of Certification and Audit Work by Quality Review Board.
Values Ethics and Professional Conduct: Case Studies & Practical Aspects.
Due Diligence I: Overview and Introduction; Types of Due Diligence; Financial Due diligence; Tax Diligence; Legal Due Diligence; Commercial or Business Diligence – including operations, IT systems, IPRs; Human Resources Due Diligence; Due Diligence for Merger; Amalgamation; Slump Sale; Takeover; Issue of Securities; Depository Receipts; Competition Law Due Diligence; Labor Laws Due Diligence; Due Diligence Report for Bank; FEMA Due Diligence; FCRA Due Diligence; Techniques of Due Diligence and Risk Assessment; Non-Disclosure Agreement.
Due Diligence II: Impact Assessment of Non Compliances and Reporting thereof.
1. Study Material Published by ICSI
2. Scanner-Arun Kumar (SuchitraPrakashan (P) Ltd