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???? Practical Learning Series — Auditing and Ethics

1. Introduction

The Practical Learning Series — Auditing and Ethics is a comprehensive, real-world learning program crafted to provide students and professionals with applied knowledge in the fields of auditing and professional ethics. The course focuses on practical exposure, analytical thinking, and ethical judgment—core components required in today’s audit and assurance environment.

2. Course Objectives

By participating in this learning series, learners will:

• Understand the audit process from planning to reporting.

• Gain hands-on experience with audit tools, checklists, and techniques.

• Develop skills in identifying and addressing ethical dilemmas.

• Learn to apply national and international ethical codes (e.g., ICAI, IFAC).

• Strengthen professional behavior, independence, and judgment.

3. Course Structure & Content

Module 1: Audit Fundamentals

• Nature, objectives, and scope of auditing

• Types of audits: statutory, internal, forensic, tax, etc.

• Audit standards (ISA, SA, GAAS)

Module 2: Audit Planning and Risk Assessment

• Understanding client’s business

• Internal controls and control testing

• Risk-based auditing approach

• Materiality and audit assertions

Module 3: Audit Execution

• Sampling techniques and evidence collection

• Vouching and verification of transactions

• Analytical procedures

• Audit working papers and documentation

Module 4: Audit Reporting

• Types of audit reports and opinions

• Audit conclusions and communication

• Limitations and disclaimers

Module 5: Ethics and Professional Conduct

• Code of Ethics (ICAI, IFAC)

• Integrity, objectivity, and independence

• Confidentiality and professional behavior

• Conflict of interest, whistleblowing

Module 6: Ethical Decision Making

• Frameworks for resolving ethical dilemmas

• Case studies involving audit failures and fraud

• Role of ethics in public interest and corporate governance

Module 7: Contemporary Issues

• Technology in auditing: e-audits, AI, and data analytics

• Regulatory expectations and audit quality reviews

• ESG auditing and ethics in sustainability reporting

4. Learning Methodology

This series is built on applied learning using:

• Real-world case studies and industry examples

• Group discussions and ethical dilemma simulations

• Practical exercises and mock audits

• Role-plays and debate-based learning

• Guest sessions from practicing auditors and ethics professionals

5. Target Audience

This course is ideal for:

• Commerce and accounting students (B.Com, M.Com, CA, ACCA, CPA)

• Entry-level audit trainees and interns

• Corporate finance professionals

• Governance, risk, and compliance (GRC) officers

• Anyone preparing for professional audit exams

6. Learning Outcomes

Upon successful completion, learners will be able to:

• Conduct basic audit assignments independently.

• Evaluate ethical situations with sound judgment.

• Enhance audit documentation and reporting capabilities.

• Build a strong foundation for a career in audit, assurance, and ethics compliance.

7. Assessment & Certification

• Module-wise assessments (MCQs, case analysis, presentations)

• Final practical project (audit file preparation or ethical case resolution)

• Certificate of Completion (with distinction for top performers)

8. Conclusion

The Practical Learning Series — Auditing and Ethics offers a unique opportunity to combine academic knowledge with the practical insights necessary for real-world success. It aims to develop responsible professionals who uphold audit quality, ethical principles, and public trust in financial reporting and corporate conduct.