Issue of Shares, Forfeiture of Shares, Rights Issue, Bonus Issue, Sweat Equity Shares, Employee Stock Option and Stock Purchase Scheme, Buy-back of Shares
Redemption of Preference Shares, Issue and Redemption of Debentures
Underwriting of Securities
2. Preparation of the Statement of Profit and Loss and Balance Sheet (As per Schedule III of Companies Act, 2013) - 10%
Statement of Profit and Loss (as per Division I of Schedule III)
Balance Sheet (as per Division I of Schedule III)
An Introduction to Division II of Schedule III
3. Cash Flow Statement - 10%
4. Accounts of Banking, Electricity and Insurance Companies - 10%
5. Accounting Standards - 10%
Conceptual Framework
Specified Ind AS with Comparative Provisions under AS
Presentation of Financial Statements (Ind AS 1)
Inventories (Ind AS 2)
Events after the Reporting Period (Ind AS 10)
Employee Benefits (Ind AS 19)
Earnings per Share (Ind AS 33)
Provisions, Contingent Liabilities and Contingent Assets (Ind AS 37)
SECTION B: AUDITING [50%]
6. Basic Concepts of Auditing - 10%
Nature, Scope, Objectives and Significance of Auditing
Audit Risk, Assessment of Audit Risk, Internal Control, Internal Check, Internal Audit - Industry Specific, Interplay between Internal Audit and Statutory Audit, Risk Based Internal Audit, Internal Financial Control and Internal Control over Financial Reporting
Audit Sampling, Audit Techniques and Analytical Procedure (Including Scrutiny of Trial Balance and Grouping Schedules)
Application of Technology in Audit and Audit Trail
7. Provisions Relating to Audit under Companies Act, 2013 - 30%
Statutory Audit – Auditor’s Eligibility, Qualifications, Disqualifications, Appointment, Resignation, Rotation, Remuneration, Removal, Rights and Duties, Liabilities, Branch Audit and Joint Audit, Role of Audit Committee
Cost Audit
Secretarial Audit
Audit of Various Items of Financial Statements (with Special Emphasis on Audit of Inventory and PPE)
Audit Report, Report vs. Certificate, Reporting Requirements under Companies Act, Contents of the Reports and Modifications in the Report (with Coverage of CARO)
Report on Internal Financial Control over Financial Reporting
National Financial Reporting Authority (NFRA)
8. Auditing of Different Types of Undertakings - 10%
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