CPD-II (Paper-I: C3)-Public
Finance
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Public Financial Management |
Meaning and Importance
of Public Finance, The Principle of Maximum Social Advantage, Role of Public
Finance under different Economic Systems, Concept and Principles of Federal
Finance, Analytical study of Union Budget, Government Accounting Standards
issued by the GASAB. |
|
Public Expenditure |
Principles of Public
Expenditure, Revenue and Capital Expenditure, Development and Non-Development
Expenditure, Effects of Public Expenditure |
|
Public revenue |
Sources of Revenue,
Taxes, Canons of Taxation, Characteristic of Good Tax System, The Theory of
Tax Structure Development, Changes in Tax Structure under the Impact of
Economic Development, Incidence of taxation Money Burden and Real Burden.
Factors Determining Incidence, Relative Merits and Demerits of Direct and
Indirect Taxes. |
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Problem of equity |
Cost of Service
Principle, Benefit or ‘Quid Pro Quo’ Theory. ‘Ability to Pay’ Theory,
Proportional vs. Progressive Taxation. Taxable Capacity |
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Public debt |
Classification of
Public Debt. Purposes of Public Debt. Methods of Debt Redemption. Voluntary
or Forced Loans. Effects of Public Debt on Production, Distribution,
Consumption and Level of Income and Employment. |
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Economic development and Planning |
Concepts of National
Income & Product, Central Banking Principles, Functions of Central Banks,
Monetary Policy Vs Fiscal Policy, Balance of Payments, Determinants of
economic growth, Government Measures to Promote Economic Development, Regulatory
Bodies established by laws, Provision of Economic and Social Overheads,
Provision of Financial Facilities, Institutional Changes, Direct
Participation, Indirect Measures, Forms of Planning : Planning by inducement
and planning by Direction, Centralized planning vs. Decentralized Planning
Pre-requisites of a Successful Planning. |
|
Suggested Study Material: |
· Public Finance
in Theory & Practice by Dr. S. K. Singh · Modern
Economic Theory by Dr. K.K. Dewett and Shri M.H. Navalur (published by Shyam
Lal Charitable Trust, New Delhi (sole distributor S. Chand & Company Ltd,
New Delhi) · Union
Budget · Government
Accounting Standards issued by the GASAB · Fiscal Responsibility and Budget Management
Act, 2003 |
CPD-II (Paper-II: C4)-Auditing: Method &
Techniques
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1 |
1. Performance Auditing including Public Private Partnership
(PPP) audit, formulating audit
Plans including risk analysis. Use
of quantitative techniques and analytical procedure in audit, Framing audit
objectives and issue analysis, setting audit criteria, audit of Internal
controls including forensic audit, Audit evidence and documentation, Quality
assurance in auditing including audit quality management framework and
Assurance through Peer Review, Reporting and following audit
findings/observations. |
Suggested Reading:- · Auditing Standards &
Performance Auditing Guidelines issued by the CAG of India · Public Audit Guidelines issued by
the CAG of India. · Internal Control Evaluation Manual
issued by the CAG of India. · Practice Guide Series and
supplementary guidelines issued by the CAG of India. · International auditing standards
and practice statements issued by IFAC · Auditing Standards and guidelines
issued by INTOSAI · CAG’s standing order on role of
audit in relation to cases of fraud & corruption · Audit Quality Management Framework
and Quality Assurance through Peer Review |
|
2 |
2. Practice Guide Series and supplementary
guidelines issued by the CAG of India. International Auditing Standards and
International Auditing Practice Statements issued by the IFAC, Auditing
standard issued by the INTOSAI. |
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