About the AuthorSumit Kumar Aggarwal is a commerce graduate from Bikaner University, having done his graduationfrom Seth G.l. Bihani S.D. (P.G.) College. He qualified Chartered Accountancy Course in 2005,simultaneously; he also completed his Master in Commerce in 2005. He has cleared various examsconducted by NSE. He also qualified certification course in International Financial Reporting Standard(IFRS) from ICAI in January 2010. He is currently teaching auditing to CA Students & functioningas a Practicing Chartered Accountant. He is also a member of Institute of Certified ManagementAccountant, USA.CONTENTSPart – 11 AUDITING & ASSURANCE STANDARD AND GUIDANCE NOTE1A AUDITING AND ASSURANCE STANDARD1B GUIDANCE NOTE2 ACCOUNTING STANDARDSChapter Part – 23 AUDIT STRATEGY, PLANNING AND PROGRAMMING4 RISK ASSESSMENT, INTERNAL CONTROL & THE SARBANE -OXLEYACT OF 20024A RISK ASSESSMENT & INTERNAL CONTROL4B THE SARBANE -OXLEY ACT OF 2002AUDIT UNDER COMPUTERISED INFORMATION SYSTEM (CIS) ENVIROMENT6 SPECIAL AUDIT TECHNIQUES 6.1Chapter Part – 37 COMPANY AUDIT7A COMPANY ACCOUNTS (SECTION 128 to 138)7B SCHEDULE III OF COMPANIES ACT, 20137C COMPANY AUDIT AND AUDITORS (Sections 139 to 148)7D COMPANIES (AUDITOR’S REPORT) ORDER, 20157E AUDIT OF DIVIDENDSAUDIT COMMITTEE AND CORPORATE GOVERNANCE (CLAUSE 49 OFLISTING AGREEMENT)9 AUDIT OF CONSOLIDATED FINANCIAL STATEMENTS (CFS)10 COST AUDIT11 AUDIT REPORTChapter Part – 412 AUDITS OF BANKS13 AUDIT OF GENERAL INSURANCE COMPANIES14 AUDIT OF CO-OPERATIVE SOCIETIES15 AUDIT OF NON BANKING FINANCIAL COMPANIES (NBFC)Chapter Part – 516 AUDIT UNDER FISCAL LAWS (TAX AUDIT & VAT AUDIT)17 AUDIT OF PUBLIC SECTOR UNDERTAKING 17.1-17.618 SPECIAL AUDIT ASSIGNMENTS18 A AUDIT OF MEMBER OF STOCK EXCHANGES18 B AUDIT OF DEPOSITORIES18 C AUDIT OF MUTUAL FUNDS18 D ENVIRONMENTAL AUDIT & ENERGY AUDIT18 E AUDIT OF ACCOUNTS OF NON CORPORATE ENTITIES (BANKBORROWERS)Chapter Part – 619 INTERNAL AUDIT, MANAGEMENT & OPERATIONAL AUDIT20 INVESTIGATION AND DUE DILIGENCE21 LIABILITIES OF AUDITOR22 PEER REVIEWChapter Part – 723 PROFESSIONAL ETHICS23 A THE CHARTERED ACCOUNTANT ACT, 194923 B FIRST SCHEDULE TO THE CHARTERED ACCOUNTANT ACT,194923 C SECOND SCHEDULE TO THE CHARTERED ACCOUNTANT ACT, 1949Chapter Part – 8EXAMPLE OF AN ENGAGEMENT LETTER, MANAGEMENT24 REPRESENTATION LETTER, AUDIT REPORT & CERTIFICATION ETC. ASPER STANDARDS OF AUDITING25 QUESTION BANK WITH ANSWER OF PAST 35 EXAMS26 SHORT NOTES FOR CHAPTER 1 TO 23 FOR QUICK REVISIONSalient FeaturesΓ* Presentation of whole Syllabus in an easy language to understand the complex subject matter.Γ* Tabular and graphic presentation to facilitate easy understanding and learning.Γ* Inclusion of flowcharts on various topics, including Standards on Auditing.Γ* Presentation of maximum topics in point-wise manner.Γ* Upto date Amendments Including CARO 2015 & Format of New Audit Report Under CompaniesAct, 2013.Γ* Illustration of all “Audit Report” as per SA 700, SA 705 & SA 706 at one place (See Chapter 24) forquick understanding of “Audit Report” in different situations with minimum time frame & fastunderstandability.Γ* All Example of Engagement Letter as per SA 210, SA 2400, SRE 2410, SRS 4400, SRS 4410 at oneplace (See Chapter – 24) for quick understanding of Engagement Letter in different situations withminimum time frame & fast understandability.