Subject Name: Auditing and Corporate Governance
Subject Code: CUTM1689
Still no participant
Still no reviews
Subject Name: Auditing and Corporate Governance
Subject Code: CUTM1689
Course Objectives:
The course is designed with an objective:
Course Outcomes:
On successful completion of this course, students will be able to:
COS | COURSE OUTCOMES | MAPPING COS WITH POS (High-3; Medium-2; Low-1) |
CO1 | To enable the students to understand the way auditing is conducted and put them in a position to identify errors in the accounts with take corrective actions while presenting the audit report. | PO1(3), PO2(2) |
CO2 | To provide knowledge of auditing principles, procedures and techniques in accordance with the professional standards. | PO1(2), PO2(2), PO3(3)
|
CO3 | To give an overview of the principles of corporate Governance and Corporate Social Responsibility. | PO1(3), PO2(3) |
Course Contents:
Module I:
Introduction
Audit Concepts: Meaning and nature of auditing; Objectives, advantages and limitations of auditing; Classification of Audit; Errors and Frauds and Auditor’s duty. Ethical principles and concept of auditor’s independence. Code of conduct & value system for auditors. Development of Audit Plan and Programme, Delegation and supervision of audit work; Concept of Audit Documentation; Nature & Purpose of Audit Documentation; Form, Content & Extent of Audit Documentation; Internal Control – Internal Check and Internal Audit; Audit Procedure – Vouching and verification of Assets & Liabilities
Module II:
Audit of Companies
Audit of Limited Companies under the Companies Act, 2013: Qualifications and disqualifications, Appointment, Rotation, Removal, Remuneration, Rights and Duties of auditor; Auditor’s Report- Contents and Types; Audit attestation and certification. Liabilities of Statutory Auditors. Overview of Auditing Standards.
Module III:
Special Areas of Audit Special Areas of Audit:
Special features of Cost audit, Tax audit, and Management audit; Recent Trends in Auditing: Basic considerations of audit in EDP Environment; Computer aided audit techniques and tools; Auditing Standards; Relevant Case Studies/Problems;
Module IV:
Corporate Governance
Conceptual framework of Corporate Governance: Theories & Models, Broad Committees; Corporate Governance Reforms. Major Corporate Scandals in India and Abroad: Common Governance Problems Noticed in various Corporate Failures. Codes & Standards on Corporate Governance
Module V:
Corporate Social Responsibility (CSR): (11 Lectures)
Concept of CSR, Corporate Philanthropy, Strategic Planning and Corporate Social Responsibility; Relationship of CSR with Corporate Sustainability; CSR and Business Ethics, CSR and Corporate Governance; CSR provisions under the Companies Act 2013; CSR Committee; CSR Models, Codes, and Standards on CSR
Text Books:
Lession-1: Audit Concepts: Meaning and nature of auditing; Objectives, advantages and limitations of auditing
Material: https://drive.google.com/file/d/1oxIRDEsMt90A13k5i2AdMRgsgq3vtQr0/view?usp=share_link
Lession-2: Classification of Audit
Material:
Dr. Prakash Chandra Swain M.COM, M.PHIL, PhD (Ravenshaw University) Assistant Professor (Accounting & Finance) , B.COM Coordinator, School of Management, Centurion University of Technology and Management, Jatni, Khurda, Odisha, India, PIN-752050, Bhubaneswar Campus