Course Content - Comptroller and Auditor General of Indiartikolkata.cag.gov.in/download/CONDUCTEDCOURSE... · Audit of Autonomous Bodies- New Format of SAR/Audit Certificate

Course Content General Courses

Course Title: Workshop on Drafting of Audit Memos, Inspection Reports and Draft Paragraphs Including Regulation on Audit & Accounts.

Day Forenoon Session

10:30 hrs. to 11:45 hrs. – 12:00 hrs. to 13:15 hrs. Afternoon Session

14:15 hrs. to 15:30 hrs. –15:45 hrs. to 17:00 hrs.

I

Introduction Reporting Standards – MSO(Audit) standard Paragraph 7.3.1 to 7.3.61 Overview of Regulation on Audit & Accounts-2007.

Exercises on drafting of Audit Memos

» Each group of participants will study the case and write a draft of Audit Memo.

Discussion on drafts furnished by groups

II

Introduction to drafting of Inspection Report

» Reporting Standards

» General Layout

» Important points that can form the subject matter of comments

» Instructions to be followed

Exercise on Drafting of Inspection Reports

» Each group of participants will study the case and write a draft of Inspection Report

Exercise on Drafting of Inspection Reports


Discussion on exercises furnished by groups

Application – finding out the shortcomings, if any, and how these can be overcome.

III

Introduction to drafting of Draft Paragraph (DP)

» Reporting Standards

» Objectives

Exercise on Drafting of Draft Paragraph (DP)


Exercise on Drafting of Draft Paragraph (DP)


Discussion on exercises furnished by groups

Application – finding out the shortcomings, if any, and how these can be overcome.

Course Title: Financial Attest Audit Manual.


10.30 hrs. to 11.45 hrs – 12.00 hrs. to 13.15 hrs. Afternoon Session

14.15 hrs. to 15.30 hrs. –15.45 hrs. to 17.00 hrs.

I Introduction and nature of Financial Attest Audit. Auditing Standard & Audit Materiality.

II Overview of Audit Process and Audit Sampling & risk assessment Planning for financial attest audit in the context of

Government Accounts.

III

Understanding the entity, Internal Control and Internal Audit. Supervision and review of financial audit & Quality Assurance mechanism.

Conducting a Financial Attest Audit.

Course Title: Detecting Fraud while Auditing

Day Forenoon Session 10.30 hrs. to 11.45 hrs. – 12.00 hrs.to 13.15 hrs.

Afternoon Session 14.15 hrs. to 15.30 hrs. – 15.45 hrs. to 1 17.00 hrs.

I

Introduction Understanding Fraud

Preventing Fraud & Corruption Internal Controls Role of different players

o Role of management o Role of Audit

II

IT Fraud Detecting Fraud and Corruption

Audit standards

Manual provisions and Instructions

Difference between detecting fraud and forensic auditing

III Identifying Red Flags in major areas of fraud. Case studies to Identify Red Flags

Fraud Awareness at Audit Planning Stage Assessing Risk - -A Case Study

IV An Overview of Cyber Fraud & Cyber Laws in India. Vigilance about Fraud at Audit Execution Stage

- A case Study on evidence gathering

V Case studies on fraud Case studies on fraud

Course Title: Audit of Public Works & Project

DAY Forenoon Session 10.30 hrs. to 11.45 hrs & 12.00 hrs to 13.15 hrs

Afternoon Session 14.15 hrs. to 15.30 hrs. & 15.45 hrs. to 17.00 hrs.

I

Different kind of PW Works. Preparation of Estimates. Preliminary estimates on the basis of survey plan. Importance of the Survey plan in preparation of the Preliminary estimates. Provision in the Preliminary estimates for probable escalation in cost.

Detailed Estimates- basis of preparation - difference between Preliminary and Detailed estimates. Schedule of rates- Scheduled items- non-scheduled items- analysis rates. Provision for contingencies in different kinds of works. Recasting of estimates- supplementary estimate- Revised estimate. Addition, alterations and substitution of items – analysis of rates.

II

Administrative approval, Technical Sanction, Financial sanction. Budget provision, Allotment of Fund, letter of Credit. Notice Inviting Tender- Procedure- Competent Authority. Opening of Tenders- preparation of comparative statement. Acceptance of Tenders- procedure, comparative statement- competent authority, Types of contracts. Important provisions of standard forms of tenders.

Supply of Departmental Materials, Material at site Account, Stock suspense, Issue rate, Recovery rate. Recovery on penal rate, payment at part rate, payment of different kinds of advances to contractor.

III Execution of Road Works- Kinds of Roads. Different stages of execution of National Highways.

Different stages of execution of State Highways. Different stages of execution of District Roads and Village Roads.

IV

Details of Process of taking measurements. Recording of measurements in Measurement Books- Sources of entries. Quantitative calculation including taking of Stock measurement.

Preparation of RA & Final Bills, Consumption Statement- Excess quantity statement. Ad-interim payment, adjustment of advances, payment of escalation.

V Case studies on Execution of Road Works. Case studies on Measurement of Works, payment of escalation etc.

Case studies on Survey, planning, estimation & rate analysis. Case studies on provision of Funds. Tender formalities, contractual provision, procurement and issue of materials.

Course Title: Financial Audit of Autonomous Bodies.

Day Forenoon Session 10.30 hrs. to 11.45 hrs – 12.00 hrs. to 13.15 hrs.

Afternoon Session 14.15 hrs. to 15.30 hrs. – 15.45 hrs. to 17.00 hrs.

I Salient features of Manual of Instructions of Audit of Autonomous Bodies.

Audit of Autonomous Bodies- New Format of SAR/Audit Certificate.

II Drafting and contents of draft SAR/Management letter. Analysis of Balance Sheet-Importance of Accounting policies/notes on Accounts –Accounting Standards.

III Essential features of AAS-28/inclusion of comments in the SAR- emphasis on significance of materiality.

Salient features of Uniform format of accounts –specific focus on receipt & payment a/c and income & expenditure account.

IV Evaluation of internal control mechanism in audit of autonomous bodies. Audit of Fraud.

Adoption of sampling technique in audit

V Audit risk in financial audit –how o evaluate audit risk with practical problem/accounts.

Inherent problems faced and expectations from C&AG . Test

Course Title: Risk Based Audit Approach and Statistical Sampling in Audit

Day Session-I

10.30 hrs. to 11.45 hrs –.

Session-II

12.00 hrs. to 13.15 hrs

Session-III

14.15 hrs. to 15.30 hrs. –

Session-IV

15.45 hrs. to 17.00 hrs.

I Inauguration/ PD RTI Descriptive Statistics: 1. What is data? (Qualitative vs. Quantitative data): 2. What is an Attribute? 3. Frequency distribution of data. 4. Concept of random variable.

1.Measure of Central Tendency (Mean, Median and Mode): Concept, measure & applicability 2. Measure of Dispersion (Range, Standard Deviation & Coefficient of variation): Concept, measure & applicability.

1. Classical definition of probability: Concepts with examples.

2. Probability distribution (Binomial, Poisson & Normal Distribution) Concepts & applicability.

Practical: Using Excel /IDEA package demonstrate different statistics using live data and interpret the statistics to draw conclusions about the distribution, of the data

II Statistical Sampling: 1. What is Statistical Sampling? 2. How it is different from judgmental and convenient sampling? 3. Advantages of statistical sampling. 4. What is a Random

1. Different techniques of statistical sampling. 2.Methodology of drawing samples using SRS & Systematic (both Linear Systematic and Circular Systematic) 3. Estimation formulae for estimation of population

Statistical Sampling (Contd.): 1 .Probability Proportional to Size

(PPS) sampling: concept, definition & applicability.

2. Different techniques of drawing samples for PPS design

3. PPS Systematic sampling & its method of drawing samples.

4. Demonstration may be given

Practical: I) Problems on selection of samples and evaluation of few characters of interest using SRSWR, SRSWOR, Systematic, PPS, and PPS- systematic design. Contd..

Day Session-I

10.30 hrs. to 11.45 hrs –.

Session-II

12.00 hrs. to 13.15 hrs

Session-III

14.15 hrs. to 15.30 hrs. –

Session-IV

15.45 hrs. to 17.00 hrs.

Number Table? Its relevance in statistical sampling and concept of sampling frame. Contd.

average, total and proportion of an attribute and corresponding estimation of standard errors: 4. Demonstration with various examples is very important

with examples 5. Estimation formulae for

estimation of population average, total and corresponding estimation of standard errors & concept of multiplier in sampling.

III Statistical Sampling (I. Stratification in sampling 2. Cluster Sampling.

3. Stratification vs. Cluster Sampling' 4.Advantages of stratification. 5. Estimation formulae under stratification. 6. Demonstrate with examples.

1. Multistage Statistical Sampling, with particular reference to two-stage sampling: Concepts & applicability. 2. Estimation formulae using two-stage design- (a) 1st stage as PPSWR and the 2nd Stage as SRSWOR. (b) SRSWOR in both the stages.

Practical: I) Selection of samples under a two-stage stratified design from a given set of data and estimation of two characteristics of the population from the selected sample.

IV

Audit Sampling: I. What is Statistical Audit Sampling.? 2. Its advantages in audit. 3. The risk of statistical sampling. 4. Attribute Vs. Variable Sampling

1. Attribute sampling plan, determination of optimum sample size along with concepts of confidence level, precision & population deviation rate. 2. Variable Sampling plan determination of optimum sample size along with concepts of Confidence level, precision & population standard deviation. 3. Un stratified Mean Per Unit. 4. Stratified Mean Per Unit.

1. Concept of alpha & beta risk & their relevance in audit hypothesis testing.

2. Concept of tolerable misstatement & materiality in audit hypothesis testing.

3. Compliance test vs. Substantive test in audit

4. Monetary Unit Sampling (MUS) '& demonstration of planning and selection of samples using IDEA.

Practical example of selection of samples using IDEA-MUS.

V Risk assessment & sampling in audit I. Risk based analysis & the risk model in audit. 2. Risk perception as input to statistical sampling.

Case studies Discussion on risk assessment and statistical sampling with Case Studies

Case studies Discussion on risk assessment

and statistical sampling with Case Studies

Valediction

Course Title: Management Development Programme



14.15 hrs. to 15.30 hrs. – 15.45 hrs. to 17.00 hrs.

I Macro Economics, Theory and Policy. International Trade; Impact of global economic crisis.

Corporate Finance Understanding Financial Statements Using Financial information for Decision making, Managing Growth.

II Formulation and Implementation of flagship schemes of the government.

- Personality Development - Ethical Standards

Motivation, Innovation

III Organisational Culture Interpersonal relation & Communication Skills.

Leadership & Organization Development - Group Dynamics & Team Building - Conflict Management & Negotiations Skills - Leadership Styles

- Creative Styles - Creative Leadership

Change Management

IV - Time & Stress Management - Emotional intelligence

V Environmental Awareness Day.

VI Rural Development and Poverty Alleviation Programmemes, Civil Societies and NGOs, Social Audit.

Training, Development & Communication.

Course Title: Performance Audit




I

Outlining the learning process, training techniques to be followed. Change in approach. What was the earlier method? What is the new one?

Strategic planning & selection of subjects for performance audit. Principles & procedures. Risk assessment. Hands-on exercise on risk assessment.

II

Understanding the entity. Concept & hands-on exercises. Understanding performance audit implementation plan: Steps in planning. Structure of performance audit. Implementation guidelines. Exercise / Group Discussion.

Setting audit objectives & Understanding issue analysis. Exercise/ Group Discussion Hands-on exercises in setting audit objectives & issue analysis..

III

Criteria: the concepts & sources. Hands-on exercises in setting criteria. Exercise / Group discussion. Concept of study design matrix. Exercise / Group Discussion. Statistical Sampling Using Information Systems in Performance Audit.

Evidence: types & sources. Exercise / Group Discussion, Preparation of audit test Programme, evidence-gathering, analysis & documentation. Exercise / Group Discussion

IV

Developing audit conclusions from audit findings and observations, developing recommendations. Overall reporting process Follow-up procedures, supervision of performance audits. Potential impacts of performance audit and quality assurance

Overview of Thematic Audit and its approach.

Course Title:-Establishment Matter including APAR, Promotion Roster, DPC RTI Act.




I

Recruitment rules in various cadres in IA&AD. Reservation and concessions in appointments in the various cadres of the IA&AD.

Post Based Roster- Preparation of rosters for various categories in recruitment and promotion, calculation of carry forward vacancies etc. Departmental Promotion (DPC)-size, composition, frequency of meetings, general instructions/guidelines Practical exercises on post based roster and group discussion.

II

Service Books, Personal and APAR File & the distinction and use of each nomination for GPF, Gratuity etc. and their filling. Leave account, GPF accounts etc with practical exercise and group discussion.

Receipt Payment Rules overview & its application. DDOs functions—Duties & Responsibilities.

III Preparation of Revised Estimates and Budget Estimates. Practical exercises and group discussion.

Over view of the Pension Rules including Defined Contribution Pension Scheme. Practical Exercises and group discussion. TA, DA on tour and Transfer- practical exercises.

IV

CCS conduct Rules CCS (CCA) Rules & Disciplinary Proceedings; Practical exercise on writing of reports of the Disciplinary Proceedings.

Purchases & Procurement.

Overview of Record Management.

V Over view of CGHS & CSMA Rules RTI Act & Its Overview

Course Title: Environmental Audit


10.30 hrs. to 11.45 hrs - 12.00 hrs. to 13.15 hrs Afternoon Session

14.15 hrs. to 15.30 hrs. - 15.45 hrs. to 17.00 hrs.

I An overview of Environmental Systems and Climate Change. Environmental aspects, policy, legislation and system management in connection to water resources and soil

Environmental aspects, policy, legislation and system management in connection to waste water. Environmental aspects, policy, legislation and system management in connection to forestry, biodiversity and wildlife protection.

II

Environmental aspects, policy, legislation and system management in connection to water supply. Environmental aspects, policy, legislation and system management in connection to air resources.

Field visit to a Environment management Project.

III ISSAIs guideline on Environmental Audit. A case study on Environment Audit.

Course Title: Audit of Public Private Partnership

Date Forenoon Session 10.30 hrs. to 11.45 hrs - 12.00 hrs. to 13.15 hrs

Afternoon Session 14.15 hrs. to 15.30 hrs. - 15.45 hrs. to 17.00 hrs.

I

Introducing – What is PPP: Understanding the characteristic of PPPs and some common myths and facts. Why PPP: Understanding the rationale for PPPs and commonly cited benefits and objections. How to do PPP: Understanding the common PPP models and critical success factors of PPPs

Contract Management Contract Management Team

II

Understanding Structuring

Issues, Time Value of Money

Demand, Cost Analysis and Risk Analysis

Assessing Financial Viability Value for Money Analysis. PPP Structuring, Sequential analysis to arrive at Optimal structure

Understanding the Standard

Bid Process

Pre-qualification of Bidder

Understanding the Request for

Proposal : Instruction to Bidders

Key elements of Draft Concession Agreement

III INTOSAI Guidelines on Best Practice for the Audit of Public/Private Finance & Concessions.

Scope & Objectives of PPP Audit-Audit planning & sélection of PPP Projets for audit-process flow of PPP arrangements and audit methodology.

Course Title: Audit of Finance & Appropriation Accounts of Railways.

Date Forenoon Session 10.30 hrs. to 11.45 hrs – 12.00 hrs. to 13.15 hrs.

Afternoon Session 14.15 hrs. to 15.30 hrs. –.15.45 hrs. to 17.00 hrs

I Origin & Structure of Railway Accounts, Preparation of Finance Accounts, Combined Accounts, Salient Features of Stores A/cs, Traffic A/cs.

Concept of Capital and Revenue Accounts, Workshop A/cs , Preparation of Budget, Role of Accounts Department, Software used in Railway Accounts

II Identifying Risk Areas, Appropriation to Funds, Transfer of Assets Without Financial Adjustment, Balance Sheet and Block Account & Suspense Account

Defects in Budgeting, Irregular Re-Appropriation Misclassification with special reference to i) Revenue Expenditure charged to Capital Revenue; and ii) Capital Expenditure charged to Revenue Mistakes in Accounting Defective Re-Appropriation

Course Title: Ethical Standards.




I

Ethics an overview and objectives.

What is Ethics?

Why Ethics is important.

The ethics of Auditing.

Objectives of Training on Ethical Standards.

Ethics and its application in IA&AD

Public Interest.

Trust Confidence and credibility.

Integrity & Objectivity.

Independence.

Professional Competence.

Due Care & Concern

Professional Secrecy.

Political Neutrality.

Conflict of Interest

II

Ethical Standards.

Ethical.

Standard.

Honesty and Integrity.

Essentials for sound character.

Ethical Values and decision making.

Greed.

Fear & insecurity.

Pressure from seniors.

Self Esteem.

Education.

Other issues.

III

Different Methods of Teaching.

CCA CCS Rules & CCS Conduct Rules

Official secret Act

RTI Act

Prevention of Corruption Act

Doubt Clearing Session

Ethical Standards of SAI

Ethical Standards of INTOSAI/ASOSAI

Course Title: Audit of Finance & Appropriation Accounts



I Overview of the Finance & Appropriation Accounts. New Format of the Accounts. Details of the Schedules & Annexe. Important Dates of finalisation of Accounts.

II Audit of the Finance & Appropriation Accounts. Audit of the Finance & Appropriation Accounts.

Course Title:-“Awareness of International Standards of Supreme Audit Institutions (ISSAIs)”

Day Forenoon Session 10.30 hrs. to 11.45 hrs – 12.00 hrs. to 13.15 hrs


I Introduction to ISSAIs Level Two ISSAIs Level Two ISSAIs ISSAIs on Financial Audit

II ISSAIs on Financial Audit ISSAIs on Performance Audit ISSAIs on Performance Audit ISSAIs on Compliance Audit

III ISSAIs on Compliance Audit INTOSAI GOV 9100 to 9199 INTOSAI GOV 9100 to 9199 Summary and closure

Course Title:-“Audit Reporting



I Introduction to Audit Reporting

Components of an audit paragraph

Components of an audit paragraph

Compliance Audit Reports

II Audit Objectives findings & Recommendations

Audit Objectives findings & Recommendations

Balanced and Objectivity Balanced and Objectivity

III Audit Report – Language and Structure

Audit Report – Language and Complying Style Guide Closing up and Course Evaluation

Course Title: Audit Evidence



I

Basic Concepts: Definition of Evidence/Audit Evidence

ISA and ISSAIs on Audit Evidence in Financial Auditing, Performance Audit and Compliance Audit

Evidence Gathering Techniques-Standards and Documentation

Evidence Gathering Techniques-Various Types and their Strength & Weakness

II

Evidence Gathering Techniques-Various Types and their Strength & Weakness (Contd...)

Case Studies/Illustrations on Evidence Gathering Techniques

Key points on Audit Evidence in Financial Audit

Key points on Audit Evidence in Financial Audit- Exercises & Case Studies

III

Key points on Audit Evidence in Performance Audit

Key points on Audit Evidence in Performance Audit - Exercises & Case Studies

Key points on Audit Evidence in Compliance Audit including Case Studies

Closure & Summing Up

* Valediction

Course Title:- Comprehensive Training on Government Accounts including GASAB etc.




I Inaugural Session:-Pr.Director/RTI Banking arrangements- RBI- its roles & responsibilities.

Cash Management by RBI including concept of Ways & Means Advances & Overdrafts. Principles of Govt.

Accounts: System of accounts- Cash vs. Accrual system, objectives, comparison, differences. Classification, Major & Minor Heads.

Govt. Accounting System- Accounting arrangements in Central/ State/ Local Self Govts. Central & State Feeder Networks

II Inter government transactions, occurrence, adjustment & settlement.

Integration of Cash balances in Govt. accounts. Reconciliation of accounts between Deptt & Treasury (for receipts), Between Deptt & AG (Expenditure) and between AG & RBI (cash balances)

Implication of Adverse Balance in Public Accounts including Suspense, Remittance and Personal Deposit Accounts.

III Introduction to Treasury Accounts & Inspection.

Guidelines for Treasury Inspection ,Points to be seen during Inspection, Reporting Process, Follow-up procedure

Field Visit to a Treasury/PAO

IV Finance Accounts- structure, data & its sources, checks, different statements & its significance, preparation schedules, responsibilities along with practical.

Appropriation Accounts: Preparation of Appropriation Accounts, Sources and Calculation of Data for all Statements

V Overview of Central Plan Scheme Monitoring System. State plan Schemes & World Bank aided projects.

Overview of GASAB. Valediction

Course Title: Right to Information Act.

Day Session-I 10.30 hrs. to 11.45 hrs

Session-II 12.00 hrs. to 13.15 hrs.

Session-III 14.15 hrs. to 15.30 hrs

Session-IV 15.45 hrs. to 17.00 hrs.

I

Inauguration/OSD RTI RTI Act 2005 & role of CPIO RTI Act 2005 & role of CPIO Benefits, Challenges, Exclusions, Appeals. Historical Background of The

Right to Information Act in India.

II Case studies./Valediction

Course Title: Regional Language(Basic)




I Alphabets & Words in Bengali and conversion in Hindi, English for interpretation.

Alphabets & Words in Bengali and conversion in Hindi, English for interpretation.

II Alphabets & Words in Bengali and conversion in Hindi, English for interpretation.

Alphabets & Words in Bengali and conversion in Hindi, English for interpretation.

III Grammar & formation of sentences Tense and correction of errors

Grammar & formation of sentences Tense and correction of errors

IV Grammar & formation of sentences Tense and correction of errors

Development of ideas on communication

V Paragraph writing and reading Test & Valediction

Course Title: Analysis of Financial Statement




I Yet to Finalise

II

Course Title :New Companies Act 2013




I Books of Accounts.

Financial Statements and Schedule-III.

Loans & Advances.

Borrowings and Guarantees. Case Study.(Contd)

Books of Accounts.

Financial Statements and Schedule-III.

Loans & Advances.

Borrowings and Guarantees. Case Study.

II Audit & Auditors.

Audit Standards-overview & structure.

Inspection, Inquiry, Investigation.

Case study.

CSR Provision.

Fraud Reporting.

Penalties & Prosecution.

Q&A Round.

Valediction

Course Title: Training on newly recruited Accountant/Auditors on Office Procedure




5 days DPC Act, Office Procedures, Regulation on Audit & Accounts and Guidelines

Course Title: Training on newly recruited Divisional Accountant




60 days Yet to Finalise

Course Title: Pre Examination Revenue Audit Training





Course Title: Pre Examination SAS Training





Course Title: Pre Examination SAS Mock Test




1 day Yet to Finalise

Course Title: Audit of Tender and Contracts





Course Title: Audit of PAO





Course Title: Brief introduction to IFRS and Accounting Standard





Course Title: Audit of GST




I Inaugural address:-Pr.Director/RTI Indirect Tax Structure in India

Concept of GST and its advantages

II Salient features of proposed GST Challenges before GST & Transitional Provisions III Proposed Frame Work and Expected Model GST - Expected Rate structure and Exemption IV Impact of GST on Industries and Other

Sectors

IT Strategy for GST Network &

V

GST and Centre State Financial Relations Fundamentals of Public Sector Ethics - Valediction

Course Title: Internal Control Evaluation Mechanism





Course Title: Audit of Railway Works including procurement of Stores




I Overview of Railways Works Overview of Railways Civil Works

Overview of Railways works relating to Tracks Renewal

Overview of Railways Works Audit Relating to Civil & Track Renewal Works along with case studies.

Civil Works.

• Classification of Works.

• Deposit Works.

• Survey.

• Project Report.

• Financing of Works Budget.

• Tenders & Contracts.

• Guideline for Auditor. II

Overview of Railways Electrical Works Contracts.

Overview of Railways Works Audit Relating to Electrical Works Contracts along with case studies.

• Classification of Electrical Works (OHE &

Others).

• Budget Estimate, Expenditures.

• Budgetary control and maintenance of

A/Cs.

• Electrical Stores and their accounting.

Tenders.

III

Overview of Railways works relating to Signal and Telecommunications Works.

Audit of Works relating to signal & telecommunications along with case studies.

• Signalling system.

• Budget Estimate & Expenditure.

• Budgetary Control and maintenance of

A/Cs.

• Signalling and Telecom stores & their

accounting.

• Tenders. IV Procurement of Stores- in Railways. Audit of Stores and purchases in Railways along

with case studies.

• Classification of Stores.

• Purchase of Stores.

• Receipt and custody of Stores.

• Issue of Stores.

Valediction

Documents

Course Content - Comptroller and Auditor General of Indiartikolkata.cag.gov.in/download/CONDUCTEDCOURSE... · Audit of Autonomous Bodies- New Format of SAR/Audit Certificate