ASSAM UNIVERSITY SYLLABUS (NON - HONS): AUDITING AND CORPORATE GOVERANCE (5th SEM - CBCS PATTERN)

B.Com: Semester V

Paper B.C. 5.1 (c) : AUDITING AND CORPORATE GOVERANCE

Internal Assessment -30

Term End Exam - 70

Marks: 100

Lectures: 65

Objective: To provide knowledge of auditing principles, procedures and techniques in accordance with current legal requirements and professional standards and to give an overview of the principles of Corporate Social Responsibility.

Contents:

Unit 1: Introduction

11 Lectures                 20

Auditing: Introduction, Meaning, Objectives, Basic Principles and techniques, Classification of Audit, Audit Planning, Internal Control – Internal Check and Internal Audit; Audit Procedure – Vouching and verification of Assets and Liabilities.

Unit 2: Audit of Companies

11 Lectures          20

Audit of Limited Companies: Company Auditor – Qualifications and disqualifications, Appointments. Rotation, Removal, Remuneration, Rights and Duties Auditor’s Report – contents and Types, Liabilities of Statutory Auditors under the Company Act 2013

Unit 3: Special Areas of Audit      

11 Lectures                        20

Special Areas of Audit: Special features of Cost audit, Tax audit, and Management audit; Auditing Standards; Relevant Case Studies Problems.

Unit 4: Corporate Governance and Business Ethics:

21 Lectures                           20

Conceptual framework of Corporate Governance: Theories and Models, Brand Committees; Corporate Governance Reforms. Major Corporate Scandals in India and Abroad: Common Governance Problems Noticed in various Corporate Failures Codes and Standards on Corporate Governance.

Morality and ethics, business values and ethics, approaches and practices of business ethics, corporate ethics, ethics program, codes of ethics, ethics committee; Ethical Behaviour; Concepts and advantages; Rating Agencies; Green Governance; Clause 49 and Listing Agreement.

Unit 5: Corporate Social Responsibility (CSR):

11 Lectures                      20

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.

Suggested Readings:

1. Ravinder Kumar and Virendra Sharma, Auditing Principles and Practice, PHI Learning.

2. Aruna Jha, Auditing. Taxmann Publication.

3. A.K. Singh, and Gupta Lovleen, Auditing Theory and Practice. Galgotia Publishing Company;

4. Anil Kumar, Corporate Governance: Theory and Practice, Indian Book House, New Delhi.

5. MC Kuchhal, Modern Indian Company Law, Shri Mahavir Book Depot. (Publishers). Relevant Chapters).

6. KV Bhanumurthy and Usha Krishna, Politics, Ethics and Social Responsibility of Business, Pearson Education.

7. N Balasubramanian, A Casebook on Corporate Governance and Stewardship, McGraw Hill Education.

8. B.N. Ghosh, Business Ethics and Corporate Governance, McGraw Hill Education.

9. S K Mandal, Ethics in Business and Corporate Governance, McGraw Hill Education.

10. Bob Tricker, Corporate Governance-Principles, Policies, and Practice (Indian Edition), Oxford University Press.

11. Christine Mallin, Corporate Governance (Indian Edition), Oxford University Press.

12. Relevant Publications of ICAI on Auditing (CARO).

13. Sharma, J.P., Corporate Governance, Business Ethics, and CSR, Ane Books Pvt Ltd, New Delhi.