CA Inter Audit Study Material By CA Pankaj Garg May 26 Exam

Description

The Present Publication is the 15^th Edition, authored by CA. Pankaj Garg, with the following noteworthy features:

• [Comprehensive & Updated Coverage] Incorporates all latest changes in Company Law, Code of Ethics (Revised 2024), Engagement & Quality Management Standards (SQC 1, SA 220), and Audit Report Revisions
• [Self-learning Framework] Designed for independent study with logical sequencing, clear definitions, and incremental learning
• [Tabular and Flowchart Presentation] Complex inter-relations (e.g., risk assessment, audit evidence, and quality control) are condensed into comparative tables and visual connectors
• [Concept-application Integration] Links theoretical propositions with audit cases, firm policies, and procedural examples
• [Revision-friendly Format] Summaries, checkpoints, and key-term highlights at every chapter end
• [Exam-aligned Language] Concise, point-wise drafting supports easy memorisation and replication in ICAI exam papers
• [Pedagogical Reinforcement] ‘Quick Recap,’ ‘Concept Check,’ and ‘Practical Insight’ boxes ensure balanced cognitive recall

The text systematically covers 11 chapters, each building on the previous, as per ICAI’s module:

• Nature, Objective & Scope of Audit
  • Core audit philosophy, independence, and professional judgement
• Audit Strategy, Planning & Programme
  • Risk-based approach, engagement planning, and documentation
• Risk Assessment & Internal Control
  • Identification, testing, and evaluation of control frameworks
• Audit Evidence
  • Nature, sufficiency, reliability, sampling, and analytical procedures
• Audit of Items of Financial Statements
  • Verification, valuation, and substantive testing of key account areas
• Audit Documentation
  • Standards on documentation, retention policies, and confidentiality
• Completion & Review
  • Final review procedures, subsequent events, and going-concern assessment
• Audit Reports
  • Form, content, modifications, and responsibilities under SA 700–720 series
• Special Audits
  • Statutory and regulatory audits of different entities (NPOs, firms, LLPs, etc.)
• Audit of Banks
  • Comprehensive audit programme aligned with RBI guidelines, provisioning norms, and NPAs
• Ethics & Terms of Audit Engagements
  • Core professional ethics, independence threats, SQC 1, and SA 220 principles

About the author