We have great pleasure in presenting First edition “Auditing and Corporate Governance” written for students of UG courses. The related matters are written in a simple and easily understandable.
This volume is an attempt to provide the students with thorough understanding of Auditing and Corporate Governance. We have presented the subject matter in a systematic manner with liberal use of charts and diagrams where ever necessary so as to make it interesting and sustain students’ interest.
Contents –
Unit – 1 Introduction to Auditing
Introduction
Meaning of Auditing
Definition of Auditing
Distinction between Auditing and Accounting
Objectives of Audit
Advantages of Audit
Limitations of Audit
Scope of Audit
Classifications of Audits
Audit of for Profit Enterprises and Non–profit Organizations
Review Questions
Unit – 2 Audit Procedures and Documentation
Introduction
Audit Planning
Audit Programme
Procedures
Internal Audit
Internal Control
Internal Check System
Vouching
Cash and Trade Transactions
Verification of Assets and Liabilities and its Valuation
Review Questions
Unit – 3 Company Auditor
Introduction
Appointment of Auditors
Removal of Auditors
Rights of Auditor
Duties of Auditor
Liabilities of Auditor
Audit Report
Recent Trends in Auditing
Information Systems Audit (ISA)
Auditing around the Computer
Auditing through the Computer
E-audit Tools
Review Questions
Unit – 4 Introduction to Corporate Governance
Introduction
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
Introduction to Environment
Social and Governance (ESG, Code of Conduct, Directors and Auditors)
Review Questions
Unit – 5 Corporate Social Responsibility
Introduction
Concept of CSR
Corporate Philanthropy
Strategic Relationship of CSR with Corporate Sustainability
CSR and Business Ethics
CSR and Corporate Governance
CSR Provisions under the Companies Act, 2013
(Section 135 schedule – VII)
CSR Policy Rules
Review Questions
