Dear friends! I am pleased to present this issue of newsletter. These six months witnessed one extra training on IT side and infrastructure support to two workshops and three international trainings on non-IT side. This institute had 23 trainings on non-IT side and 11 trainings on IT side since 1-4-2015. On non-IT side, courses such as Development of Management Skills, Audit Evi-dence, Aud i t o f PPP Projects, Awareness of ISSAIs, Gender Awareness, Corporate Governance, Accrual Accounting etc. were liked by the trainees. On IT side, the Training Course on IDEA, Qlik View, Oracle, IT Security, IT Audit were liked by the trainees. On 4-09-2015, RAC

members met to review the training activity. The RAC members e x p r e s s e d t h e i r satisfaction about functioning of this institute. I would like to put on record my sincere thanks to the Chairman and RAC members for the guidance provided from time to time. I would like to appeal to all the field offices to contribute articles on Auditing, IPSAS and Corporate Governance & Finance for publish-ing in future issues of Newsletter. I would like to thank Shri K. P . Sashidharan former Director General for contributing an article on Ethical Corporate Leader-ship for this issue of Newsletter. The festival of lights is on the card and everyone would be celebrating it with friends and relatives. May this Diwali bring happiness to entire mankind.

Abdul Rauf Principal Director

From P. D’s Desk

Issue Date - Sept. 2015 Issue 6 Year 2015

Indian Audit & Accounts DepartmentIndian Audit & Accounts DepartmentIndian Audit & Accounts Department

Regional Training Institute, MumbaiRegional Training Institute, MumbaiRegional Training Institute, Mumbai

NewsletterNewsletterNewsletter

Our Mission :-

To organize and conduct training courses in strategic skills in general subjects relating to audit including Corporate Finance/G o v e r n a n c e , Commercial Audit, IPSAS, Municipal Audit. To impart requisite knowledge and skills in i n f o r m a t i o n technology to enable audit of information systems and to provide essential EDP skills. To act as a development centre for courses / courseware for delivery of these courses in in-house training units and training centers.

Inside this issue

Contact Us :-

GN Block, Plot No. C-2, Bandra Kurla Complex, Behind Asian Heart Institute, Mumbai - 400051 Ph-022-26521902, Fax-022-26522627

“Be the change that you wish to see in the world.” Mahatma Gandhi

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Courses Conducted-List 2

Photo Gallery 2,4

Ethical Corporate Leadership (Article) - By Shri K. P. Sashidharan, Director General (Retd.)

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Courses we conducted from 1-4-2015 to 30-9-2015

General Courses :-

1. Local Language Training (Level-I) Marathi (Two Trainings)

2. Local Language Training (Level-II) Marathi (Two Trainings)

3. All India Training Programme on Corporate Governance

4. State Finance

5. Accounting and Auditing Standards & Analysis of Financial Statements.

6. Regulations on Audit & Accounts 2007

7. Accrual Accounting , GASAB & IPSAS

8. Certification Audit of Accounts including Financial Audit of Autonomous Bodies.

9. Development of Management Skills

10. Audit of PPP Projects

11. Awareness of ISSAIs

12. Statistical Sampling in Audit

13. Preparation & Conduct of DPC meetings (Rosters, etc.)

14. Induction course for Auditors/Accountants

15. Induction course for AAOs/AOs/Sr.A.Os.

16. Internal Control & Internal Audit

17. Communication with Pensioners - etiquette

18. Audit Evidence

19. Gender Awareness

20. Communication, Motivation & APARs

21. Audit Reporting

Infrastructure support was provided to following International Trainings taken up by H.Qrs. Office

1. SAI Iraq

2. SAI Bhutan

3. SAI Bangladesh

Also supported two workshops undertaken by O/o the PAG (Audit) Viz. (1) Performance Auditing Guidelines & Audit Methodology (2) Financial Attest Audit Guidelines.

IT Trainings :-

1. QlikView (Two Trainings)

2. IT Audit (Two Trainings)

3. IDEA ( Two Trainings)

4. Oracle Backend SQL

5. IT Security Policy of IA & AD (Two Trainings)

6. IT Audit Level 1b (IT Audit Concept)

IT-Additional Trainings

1. SQL– For O/o the PAG (Audit) - I, Mumbai

SAI Bangladesh– Revenue Audit Training

Corporate Governance Training

Audit of Municipal Corporation

SAI Bhutan Visit to New Bombay Mun. Corpn.

SAI IRAQ Visit

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Maybe true, though it is hard to find hard core fully baptized ethical business leaders. Many of them may raise a ques-tion. Do ethics matter to business? For them ethical business is oxymoron. Here some of the pertinent questions are: Is it prudent to embed ethics into a core corporate business strategy? How do corporate ethics link to corporate social responsibilities? Does dynamic corporate leadership leave a legacy of ethics to its stakeholders while discharging the core functions of enhancing the bottom-line of the organization? In the corporate ethics domain, the Ethisphere Institute (EI) is considered the global leader. It works hard in advocating the best ethical corporate business practices prevalent in the world. The Institute believes in bringing together business leaders who have demonstrated improved organizational transparency, integrity, ethics and compliance. The EI framework and methodology are based on five key categories: ethics and compliance programme (25 percent), reputation, leadership and innovation (20 percent), governance (10 percent), corporate citizenship and responsibility (25 percent) and culture of ethics (20 percent). The experience of successful enterprises demonstrates that it is important to embed ethics into a company’s overall business strategy and culture. Ethical corporate leadership positively impacts its multifarious stakeholders, including employees and

customers. An ethical corporate goes beyond mere compliance with applicable regulations but spearheads all its activities with ethics and integrity by doing the right thing at the right time in the right way, strategically building a corporate image, goodwill and character, marketplace trust and confidence, winning customers and thereby increasing its market share. The Ethisphere Institute’s Business Ethics Leadership Alliance (BELA) showcases trends and best practices in ethics. It finds that the world’s most ethical companies perform well. Their performance is correlat-ed to ethical leadership, resulting in retaining better employees and gaining investor confidence, suppliers and customers. Corporate leadership should focus on brand building based on trust, integrity and reputation. Ethical leadership balances the apparently conflicting interests of internal and external stakeholders of the company. They not only perceive social responsibility but also leave deep impressions on organizational behaviour and on the community and society at large. They go much beyond mere anti-corruption compliance and build trust, transparency, accountability, integrity and ethics. The Dell and the Wipro have been recognized by the Ethisphere Institute as 2014 World’s Most Ethical Companies among 10 companies in the technology sector. These companies treat business

(Continued on page 4)

Ethical Corporate Leadership By

Shri K. P. Sashidharan, D.G. (Retired)

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ethics and corporate good governance as an integral part of their strategic management ideology. The Dell is applying ethics and compliance to its daily decision-making process. It makes sure its code of ethics and ethical training help the organization function ethically while dealing with its stakeholders, including customers, suppliers and strategic partners. Critical Programmes are designed to address key risks across the enterprise. These programmes are operated under the super-vision of the Dell Global Risk and Compli-ance Council (GRCC), consisting of mem-bers of the Dell Executive Leadership Team and strategic functional heads. Wipro Ltd, a leading global information technology giant from India, functioning in the sphere of consulting and outsourcing, is recognized in corporate ethics and governance. Corporate leaders must lead the organization with a balanced vision meeting its ethical obligation and corporate social responsibility which should blend

suitably with its inalienable obligation to stockholders to provide an adequate return on investment.

RAC Meeting

Hindi Pakhwada Celebrations