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

About the Author

Anil Kumar

Prof. Anil Kumar, PhD, is a distinguished academician and seasoned governance expert with over thirty-five years of experience in teaching, research, training, and consultancy. He is a Professor in the Department of Commerce at the Delhi School of Economics, University of Delhi, and previously served for more than 3 decades as a Professor at the Shri Ram College of Commerce (SRCC).

He is also the Chief Executive Officer (CEO) of the University of Delhi Foundation, a Section 8 company of the University. An alumnus of SRCC and Harvard Business School, he completed his postgraduate studies at the Delhi School of Economics. He earned his PhD in Corporate Governance from the University of Delhi.

Prof. Kumar serves as an Independent Director on the Board of the Life Insurance Corporation (LIC) of India and is the Chairperson of its Nomination and Remuneration Committee. He is a regular panellist on national news platforms, including DD News, DD India, ABP News, and Times Now.

He has authored over 10 books on corporate governance and corporate law, published numerous research papers in leading national and international journals, presented his work globally, and conducted executive development programmes for government officials, corporate leaders, and board members.

Lovleen Gupta

Dr Lovleen Gupta, ACA, PhD, is an Associate Professor in the Department of Commerce, Hindu College, University of Delhi. She obtained her PhD from the Department of Commerce, Delhi School of Economics, University of Delhi.

She topped in B.Com during all three years of graduating from GND University, Amritsar. She has been honoured with a number of prestigious awards and medals from various academic institutions, Universities and the Institute of Chartered Accountants of India (ICAI) for her academic performance and literary contributions. She has multiple articles and research papers in nationally and internationally reputed journals.  

Jyotsna Rajan Arora

Jyotsna Rajan Arora is an Associate Professor at Lady Shri Ram College (LSR), University of Delhi. An alumnus of LSR, she was the topper of M. Com (1985) at South Campus University of Delhi. Prof. Jyotsna has over twenty-eight years of experience teaching undergraduate and postgraduate students.

She has been the convener of more than twelve seminars on various business aspects, including a national seminar on CSR. She has just concluded a research project on the Corporate Social Responsibility of Multinational Corporations. She is the General Secretary of Interfaith Foundation, India, and the Secretary of an NGO' Savera'.