Auditing and Corporate Governance | B.Com. (Hons.) | CBCS

The objective of this book is to impart the basic knowledge of the following in the global and Indian context:

• Auditing
• Corporate Governance
• Corporate Social Responsibility

This book also discusses the issues in corporate governance, ethics, and auditing.

This book covers the entire syllabus for undergraduate students of the following:

• B.Com. (Hons.)
• B.Com. (Programme)
• BBA
• BMS of Delhi University
• Other Universities

This book is a recommended textbook by the University Grants Commission (UGC) for undergraduate students of B.Com. (Hons.) and allied courses under the Choice Based Credit System (CBCS) Programme.

This book incorporates recent changes in the Indian Companies Act, 2013 & SEBI (LODR) Regulations at the relevant places.

The Present Publication is the 7th Edition, authored by Anil Kumar, Lovleen Gupta, and Jyotsna Rajan Arora, with the following noteworthy features:

• [Simple, Systematic and Comprehensive Explanation] of the concept and theories underlying Auditing & Corporate Governance
• [Organised Analysis] of the theories and issues underlying corporate governance and business ethics
• [Most Updated & Amended] This book incorporates all the latest amendments and rules concerning company audit and corporate governance provisions laid down by SEBI (LODR) Regulations and the Companies Act 2013
• [Student-Oriented Book] This book has been developed keeping in mind the following factors:
• Interaction of the authors/teachers with their students in the classroom
• Shaped by the authors/teachers' experience of several years
• Reactions and responses of students have also been incorporated at different places in the book
• This book also incorporates the previous year's question papers:
• B.Com. (Hons.) CBCS (2018) Semester VI
• B.Com. (Prog.) CBCS (2018)
• B.Com. (Hons.) CBCS (2019) Semester VI
• B.Com. (Hons.) CBCS (2020) OPEN BOOK EXAM
• B.Com. (Hons.) CBCS (2022) Semester VI
• B.Com. (Hons.) CBCS (2023) Semester VI

The structure of the book is as follows:

• [Conceptual Aspects, Principles & Techniques] The first three chapters contain the conceptual aspect of auditing-objects, principles, and techniques, including the role of auditing in Corporate Governance
• [Corporate Governance] Chapter four lays down the theoretical aspects of corporate governance, including the models of corporate governance prevalent in most countries of the world
• [Board Committee] is an essential mechanism of corporate governance, which is discussed in Chapter fifth
• [Corporate Governance in India] Chapter sixth is devoted exclusively to corporate governance in India, which includes discussion on the following:
• Various Reforms Undertaken
• Initiatives of SEBI, Government of India & CII in the direction of better governance of companies
• [Issues of Corporate Governance] The issues of insider trading, whistleblowing, class action, shareholders' activism and credit rating are discussed in the next chapter
• [Major Corporate Governance Failures] Chapter eight of the book presents significant scams that took place in different parts of the world, including Enron, WorldCom, Vivendi, BCCI, Andersen worldwide, Maxwell Communications, Satyam, downfall of Kingfisher Airlines, IL&FS debacle and PNB heist.
• [Codes on Corporate Governance] Chapter nine contains the standards and codes of corporate governance as developed in the UK and USA and also the international codes like OECD Principles on corporate governance
• [Business Ethics] The basic concept of ethics is laid down in chapter ten, which also discusses the corporate code of ethics. This chapter extends the concept of ethics to include principles and theories of business ethics
• [Corporate Social Responsibility] The book's last chapter is the most contemporary. It addresses the buzzword 'Corporate Social Responsibility'. This chapter discusses various views on CSR and also highlights the internal processes besides external standards relating to CSR