Governance and Secretarial Audit - KASNEB Syllabus | KNEC| KASNEB| KISM| Ebooks Kenya

Table of Contents

PAPER NO. 18 GOVERNANCE AND SECRETARIAL AUDIT

GENERAL OBJECTIVE

This paper is intended to equip the candidate with knowledge, skills and attitudes that will enable him/her to effectively plan and conduct a governance and secretarial audit.

LEARNING OUTCOMES

A candidate who passes this paper should be able to:

Identify the objectives and scope of governance and secretarial audits
Design and implement a governance and secretarial audit strategy
Prepare and interpret various governance and secretarial audit reports
Analyse the various check-lists/work sheets for governance and secretarial audits
Conduct board

CONTENT

Professional framework for governance audits

Governance Audit Guidelines and Tools

GG 003: Governance Audit Guidelines
GG 004: Governance Audit Peer Review Mechanism
Governance audit tools
Engagement letter
Management letter
Management representations

Codes of Governance

Code of Governance for State Corporations ( Mwongozo) 2014
Code of Corporate Governance Practices for Issuers of Securities to the Public
Code of Governance for Private Organisations

Introduction to governance auditing

Nature, purpose and scope of the governance audit
Authority and responsibility of the governance auditor
Advantages and disadvantages of governance audit
Types and timing of governance audits
Legal framework for governance audit
General principles of governance audit
Governance audit criteria
The role ICS in governance and secretarial auditing

Governance control and compliance

Management control systems in corporate governance
Objectives and importance of governance control systems
Management of information in governance audit
The importance of governance control in risk management

Governance auditor engagement

Appointment, qualification, rights, duties and dismissal of governance auditors
Governance audit proposal
Acceptance procedures
Governance audit engagement
Agreed upon procedures
Soliciting for clients and advertising

Planning for governance audits

Preparing for a governance audit
Governance audit strategy
Developing governance audit plan and programme
List of documents to be reviewed for the governance audit process

Conduct of governance audit

Reviewing the governance and internal control systems
Documentation in governance audit
Coordination in the conduct of governance audit
Governance compliance checklists
Group governance audits
Role of in-house corporate secretary, internal auditor, external auditor, audit committee, regulatory oversight bodies and other governance assurance functions
Process of governance audit
The governance audit cycle
Governance audit tools
Scoring methodology
Data analysis
Communication between governance auditor and client organisation

Governance audit evidence and review

Nature and sources of governance audit evidence
Types of governance audit evidence
Techniques of gathering governance audit evidence
Limitations in gathering governance audit evidence
Types of governance audit tests
Governance audit sampling
Using the work of experts

Post governance audit

Nature and scope of subsequent events
General guidelines on subsequent events

Peer review mechanism

Purpose, scope and types of peer review
Responsibilities of parties in peer review
Peer review mechanism stages
Quality management and assurance measures
Confidentiality requirements

Governance auditor’s report

Purpose and users of governance auditor’s report
Contents and elements of governance auditors’ report
Types of governance audit reports
Consequences of various governance audit reports
Review of statutory reports, returns and other governance documents
Types of governance audit reports
Filing governance audit reports with relevant authorities

KNEC| KASNEB| KISM| Ebooks Kenya

Governance and Secretarial Audit – KASNEB Syllabus