| 1. | Basics of internal audit and operational audit | 10% |
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| | • | Concept of internal and operational audit | | • | Internal Audit - techniques and procedures | | • | Internal Audit Report. | | • | Operational audit – techniques and procedures | | • | Operational audit report | | • | Special reports for banks, shareholders, employees etc | | • | evaluation of internal control system, budgetary control system, inventory control system, management information system. |
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| 2. | Management Audit in Different forms and functions | 10% |
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| | • | Corporate Services Audit | | • | Audit checks of different functions | | • | Corporate Governance and Audit Committee |
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| 3. | Various types of audit and their process; | 10% |
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| | • | Due Diligence audit | | • | SOX Audit | | • | Energy Audit – meaning & methodology | | • | Productivity audit | | • | Inventory audit | | • | VAT Audit. | | • | Special audit under excise , service tax and customs records by cost accountant | | • | Environment audit | | • | Qualities of good certificate/report | | • | Bank Audit and Concurrent Audit. | | • | Systems Audit. | | • | Audit under ERP environment. |
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| 4. | Fields for practicing cost accountants | 5% |
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| | • | Statutory, | | • | Non Statutory. | | • | WTO regime. | | • | Assessment and quantification of losses under marine, fire & accident policies | | • | ANTI-DUMPING – meaning, process, role of cost accountants |
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| 5. | Professional Ethics | 10% |
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| | • | Meaning of professional values and ethics, | | • | ICWAI & IFAC guidelines for professional values and ethics, | | • | Ethical codes applicable to professional Accountants in India, Ethical code for Cost Accountants under Cost and Works Accountants Act, 1959 and The Cost and Works Accountants Regulations, 1959, as amended up to date. |
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| 6. | Auditing and Assurance standards | 5% |
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