The topics covered in Secretarial Audit, Compliance Management and Due Diligence at CS Professional Level
- Meaning of Compliance Framework
- Documentation and Maintenance of records
- Search and status report
- Know your Customers
- Signing and certification
- Segment wise Role of Company Secretaries
- Meaning of Secretarial Audit
- Internal Audit & Performance Audit
- Concepts and Principles of other Audits
- Audit Engagement, Audit Principles and Techniques
- Audit Process and Documentation
- Forming an opinion and reporting
- Fraud Detection and Reporting in Secretarial Audit.
- Quality Review
- Values, Ethics and Professional Conduct
- Due Diligence
The best approach to study Secretarial Audit, Compliance Management and Due Diligence paper
- Start early: Considering the volume of syllabus of financial reporting paper, it is highly recommended to start the preparation much earlier to exams
- 3 Cs Concepts, Consistency and continuity: There is a big difference between knowledge and application. Try to understand every topic from its substance and concepts rather than mere memorisation. Also, Study consistently for every day. Even studying for a few hours daily is better than cramming at the end
- Study content: There are many books which are available in the market as well as various books recommended by ICSI. However, from the point of view of exam and to conceptually understand the entire syllabus, Study materials given by ICSI is highly recommended. Cover the ICSI syllabus in detail and don’t indulge in any selective coverage of syllabus
- Updates: Recently this paper has become a very dynamic subject. Keep visiting ICSI website for notifications and amendments applicable for your exam
- Revise Company Law, Competition Law, FEMA before starting this subject, since these subjects are inter-related
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