Advanced Auditing & Professional Ethics
Quality control, group audits, reporting, digital audit tools, and the ICAI Code of Ethics in full.
Your Success Path
Quality Control — SQC 1, SA 220 and NFRA
SQC 1, SA 220SQC 1 six elements · Engagement Quality Control Review · NFRA and its jurisdiction
Risk-Based Auditing — SA 315, SA 330 and SA 240
SA 315, SA 330, SA 240Audit risk model · Understanding the entity · Fraud triangle and management override
Audit Evidence and Special Procedures
SA 500–580, SA 620Reliability hierarchy · Confirmations and analytical procedures · Subsequent events · Going concern · Expert use
Audit Reports — Modifications, KAMs and CARO 2020
SA 700, 705, 706, 701Modifications matrix · Key Audit Matters · CARO 2020 requirements · Emphasis of matter
Group Audits and Reliance on Internal Audit
SA 600, SA 610Component auditor instructions · Significant components · Reliance vs direct assistance · Group engagement team responsibility
Audit of Banks and Financial Institutions
RBI Guidelines, LFARNPA classification and provisioning · Long Form Audit Report · CRAR and Basel III · Concurrent audit
Public Sector Audit — CAG and Government Audit
CAG, Articles 148–151Constitutional framework · Financial, compliance and performance audit · Propriety audit · CAG supplementary audit
Special Audits — Tax Audit, Cost Audit and Forensic Audit
S.44AB, S.148, ForensicTax audit thresholds and forms · Cost audit by CMA · Forensic audit methodology · Secretarial audit
Digital Audit, CAATs and Data Analytics
CAATs, ITGCAudit software and test data · Embedded audit modules · IT general controls vs application controls · Data analytics
Professional Ethics — ICAI Code 2020 and Independence
ICAI Code 2020, CA Act 1949Five fundamental principles · Five threats and safeguards · Partner rotation requirements · CA Act Schedules I and II