Accounting and Taxation
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Home > Advanced Auditing and Professiona Ethics - II

Advanced Auditing and Professiona Ethics - II [1]

Paper Code: 
BCP-512
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
9.00
Unit I: 

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.

 

9.00
Unit II: 

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,

 

9.00
Unit III: 

 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.

 

9.00
Unit IV: 

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

 

9.00
Unit V: 

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 thereunder.

 

References: 

Reference Books

Study Material Published by ICAI

Academic Year: 
2018-2019 [2]

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Source URL: https://accountingtaxation.iisuniv.ac.in/courses/subjects/advanced-auditing-and-professional-ethics-ii-0

Links:
[1] https://accountingtaxation.iisuniv.ac.in/courses/subjects/advanced-auditing-and-professional-ethics-ii-0
[2] https://accountingtaxation.iisuniv.ac.in/academic-year/2018-2019