B.Com. Accounting & Finance
7th Semester Syllabus
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MJC-13 : Audit & Corporate Governance
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Unit 1: Introduction of Auditing
◦Introduction
◦Meaning
◦Objectives
◦Principles and Techniques
◦Classification of Audit
◦Audit Planning
◦Internal Control-Internal Check and Internal Audit
◦Audit Procedure-Vouching and verification of Assets stabilities
Unit 2: Audit of Companies
◦Audit of limited companies
◦Company Auditor-Qualification and disqualifications
◦Appointment
◦Rotation
◦Removal
◦Remuneration
◦Rights and Duties of Companies auditor
◦Auditors Report-Contents & Types
◦Liabilities of statutory Auditors under the companies Act 2013
Unit 3: Special Audit
◦Special features of cost audit
◦Tax audit
◦Social Audit and Management Audit
◦Special features of Audit of departmental undertaking statutory corporations
◦Government Companies
◦Banks
◦Audit of insurance Companies and non-profit companies
Unit 4: Corporate Governance
◦Conceptual framework of corporate Governance-Issues need
◦Code
◦Transparency & disclosure
◦Theories & Models
◦Broad Committees
◦Role of auditor
◦Corporate Governance Reforms
◦Major Corporate Scandals in India & Abroad
◦Common Governance problems Noticed in various corporate failures
Unit 5: Business Ethics & Corporate Social Responsibility(CSR)
◦Morality and ethics
◦Business values and ethics
◦Approaches and practices of business ethics
◦Corporate ethics
◦Ethics program
◦Codes of ethics
◦Ethics committee
◦Ethical Behavior: Concepts & Advantages
◦Rating Agencies
◦Green Governance
Reference Books:
- Gupta Kamal: Contemporary Auditing, TATA Mc Graw, N. Delhi
- Tandon, B.N.: Principles of Auditing, S. Chand & Comp, N. Delhi
- ParsareDinkar: Principles & Practices of Auditing, Sultan Chand, N. Delhi
- Ghose B.N.: Business Ethics and Corporate Governance, Mc Graw Hill Education
- Mandal S.K.: Ethics in Business and Corporate Governance Mc Graw Hill Education