Governance, Risk, Compliance - Audit

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Audit is an evaluation of a person, organisation, system, process, enterprise, project or product. The term most commonly refers to audits in accounting, but similar concepts also exist in project management, quality management, and energy conservation.

Audits are essential for quality management. These not only determine conformance but also focus on non-compliance.

The role of the internal auditor is changing. It is no longer restricted to internal audits check, legislative compliance and procedural conformance but auditors now need to be aware that they play a key role in the development and improvement of working practices across the organisation.

In our programme, you develop the competency to carry out internal audits, identify improvement opportunities as well as conformance and add value to the business. You will be introduced to the processes of internal audit, the role of the auditor and to the complete audit process. You will also gain knowledge about vouching, peculiarities of capital expenditure transactions, payments and receipts.

On completion of the programme, you will be able to acquire auditing skills to strengthen internal audit process and ensure that audits are conducted to the necessary depth to give confidence in the existing systems.

This course will prepare you to be an effective and contributing member of the accounts function as an Auditor. This will enable you to pursue a career with the audit function of a company or be an effective member of internal/external audit firm. Exposure to this course would also strengthen your future prospects in accounting control career. With a few years of experience in the field you will eventually supervise and direct the audit staff.

Full Time Programmes

For Graduates
Professional Programme in Business Management with specialisation in Finance

For 10+2
Professional Programme in Business Management with specializations in Finance (Integrated)
Deliverables               Content
Fundamentals of AuditAudit and its impact on users of Financial Statements, Audit as conformation of Accounts by an independent and Expert verifier, Understanding the impact of systems Audit, Management Audit, Tax Audit.
Types Of AuditStatutory audit, Internal Audit, Tax Audit, Cost Audit, the usefulness of statutory Audit, the efficiency of Cost Audit, Tax Audit implication at the assessment stage, Independent audit, Management Audit, Systems Audit.
Internal Control & Risk AssessmentInternal control& Audit, usefulness of internal audit, Internal control in computerized audit environment, role of auditor and audit techniques in computerized environment
Vouching & VerificationVouching aspects, peculiarities for capital expenditure transactions, Payments and receipts under FEMA, Details of Internal control in vouching and the utilisation, Impact of International conversion rates, Deferred payment systems for Foreign collaboration agreements.
Auditor RoleRights, Powers, Duties, Liabilities, Lien. Analysing provisions with regard to the appointment of the Auditor to a company, Taxa Audit, Management Audit, Environ ment Audit, Valuation Of Assets And Liabilities. Impact of Audits in a Global Economic scenario.
Audit ProgrammeAudit Program of Profit oriented businesses, Audit Program of Charitable Organization, NGO, Government Department, cooperative society. Combining Management Audit.
Employer's Council Members
Mr. Amit Kumar GoelAsst Vice President, Citibank
Mr. Anand SankheCorporate Finance and Investment Banking, PricewaterhouseCoopers Pvt. Ltd.
Mr. Atul VarmaAdvisor, ARCIL
Mr. Behram SabawalaChief Finance Officer, UPBG & EPBG Division, Voltas Ltd.
Mr. G. ShivkumarHead Financial Controlling, ACC Ltd.
Mr. Ganesh GanapathyCFO Global, Essel Propack
Mr. Gaurang ShahManaging Director, Kotak Mahindra Old Mutual Life Insurance Ltd.
Mr. Manek KalyaniwalaExecutive Vice President(Finance) and CFO, Blue Star Ltd.
Mr. Milan GanatraAsst Vice President, Citibank
Mr. Mohit AgarwalFinance Manager(West), ITC Ltd.
Mr. Moni Rajput Cluster Head, Barclays Finance
Mr. Mukul GulatiManaging Director, Zephyr Peacock
Mr. Pradeep GaitondeSenior General Manager, Corporate Finance, Tata Consultancy Services Ltd.
Mr. R.GovindanGeneral Manager, Corporate Finance, Larsen & Tourbro Ltd.
Mr. S. KrishnanChief Finance Officer, Siemens Ltd.
Mr. S.RanganathanHead Research, LKP Securities Ltd.
Mr. Sandeep BatraDirector, Finance, Pidilite Industries
Mr. Sankalp MishraVice President IndiaBulls
Mr. Vivek GuptaPartner, BMR & Associates
Mr. P.K. ShrivastavBusiness Head (BOP) KEC RPG Group
Mr. Siva Rama KrishnanExecutive Director - PWC
Mr. Deeptan ChakravortyHead Investment Advisory Services, Standard Chartered
Mr. Vishal DixitVice President, Zypher