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CA IPCC Auditing and Assurance Notes

CA IPCC Auditing and Assurance Notes

 CA IPCC Auditing and Assurance Notes – Our blog  gives direct links to download CA Final both Group 1 & 2 Final study material,CA IPCC Auditing and Assurance Notes, Free Text books, Scanners,Old Question Papers for Nov 2018.

CA Intermediate | CA IPCC Auditing and Assurance Notes

CA Intermediate | CA IPCC Auditing and Assurance Notes

CA IPCC Auditing and Assurance Notes

Relevant for Nov 2018 exam
Study MaterialPractice ManualPowerPoint PresentationsPodcasts
Module 1
Initial PagesInitial Pages
Chapter 1 Nature of AuditingChapter 1 Nature of AuditingNature of AuditingNature of Auditing
Chapter 2 Basic Concepts in AuditingChapter 2 Basic Concepts in Auditing Basic Concepts in Auditing Basic Concepts in Auditing
Chapter 3 Preparation for an AuditChapter 3 Preparation for an AuditAuditing EngagementAuditing Engagement
Audit DocumentationAudit Documentation
Audit SamplingAudit Sampling
Chapter 4 Internal ControlChapter 4 Internal ControlInternal ControlInternal Control
Internal Control 2Internal Control 2
Internal Control and CIS EnvironmentInternal Control and CIS Environment
Chapter 5 Vouching ControlChapter 5 Vouching ControlAnalytical Review ProceduresAnalytical Review Procedures
S-2Analytical Review Procedures
Vouching Part 1Vouching Part 1
Vouching Part 2Vouching Part 2
Vouching Part 3Vouching Part 3
Vouching Part 4Vouching Part 4
Vouching Part 5Vouching Part 5
Vouching Part 6Vouching Part 6
Module 2
Initial Pages
Chapter 6 Verification of Assets and LiabilitiesChapter 6 Verification of Assets and LiabilitiesVerification of Assets and Liabilities Part 1Verification of Assets and Liabilities Part 1
Verification of Assets and Liabilities Part 2Verification of Assets and Liabilities Part 2
Verification of Assets and Liabilities Part 3Verification of Assets and Liabilities Part 3
Verification of Assets and Liabilities Part 4Verification of Assets and Liabilities Part 4
Chapter 7 The Company Audit – IChapter 7 The Company Audit – IThe Company Audit-I Part 1The Company Audit-I Part 1
The Company Audit-I Part 2The Company Audit-I Part 2
The Company Audit-I Part 3The Company Audit-I Part 3
The Company Audit-I Part 4The Company Audit-I Part 4
Chapter 8 The Company Audit – IIChapter 8 The Company Audit – IIThe Company Audit – IIThe Company Audit – II
Chapter 9 Special AuditsChapter 9 Special Audits Special Audits Part-I Special Audits Part-I
Appendix
Auditing Pronouncements
Initial Pages
Auditing Pronouncements
Feedback Form

Applicability of

CA IPCC Auditing and Assurance Notes Amendments for Nov 2018 exam

Following are the lists of 34 Engagements and Quality Control Standards on Auditing which are applicable in CA IPC Nov, 2018 exams.

SA 200Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Standards on Auditing
SA 210Agreeing the Terms of Audit Engagements
SA 220Quality Control for Audit of Financial Statements
SA 230Audit Documentation
SA 240The Auditor’s responsibilities relating to Fraud in an Audit of Financial Statements
SA 250Consideration of Laws and Regulations in an Audit of Financial Statements
SA 260Communication with Those Charged with Governance (Revised)
SA 265Communicating Deficiencies in Internal Control to Those Charged with Governance and Management
SA 299Responsibility of Joint Auditors
SA 300Planning an Audit of Financial Statements
SA 315Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and its Environment
SA 320Materiality in Planning and Performing an Audit
SA 330The Auditor’s Responses to Assessed Risks
SA 402Audit Considerations Relating to an Entity Using a Service Organization
SA 450Evaluation of Misstatements Identified during the Audits
SA 500Audit Evidence
SA 501Audit Evidence – Specific Considerations for Selected Items
SA 505External Confirmations
SA 510Initial Audit Engagements-Opening Balances
SA 520Analytical Procedures
SA 530Audit Sampling
SA 540Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures
SA 550Related Parties
SA 560Subsequent Events
SA 570Going Concern (Revised)
SA 580Written Representations
SA 600Using the Work of Another Auditor
SA 610Using the Work of Internal Auditors (Revised)
SA 620Using the Work of an Auditor’s Expert
SA 700Forming an Opinion and Reporting on Financial Statements
SA 705Modifications to the Opinion in the Independent Auditor’s Report
SA 706Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor’s Report
SA 710Comparative Information – Corresponding Figures and Comparative Financial Statements
SA 720The Auditor’s Responsibility in Relation to Other Information in Documents Containing Audited Financial Statements

Highlights of CA IPCC Auditing and Assurance Notes

1. QUESTION PAPERS OF RECENT

2 EXAMS: At the beginning of this material we have included the question papers of recent 2 exams. This will help to analyse the previous exam trends in a better manner and to assess whether our material is able to cater the needs of the examinations or not. 2. EXAMINATION TRENDS: At the beginning of each chapter we have given a table called QUESTION – WISE ANALYSIS OF PREVIOUS EXAMINATIONS. This analysis will help you to judge the relative importance of each question in each chapter. Based on that analysis you can easily pay more attention on relatively more important questions. Similarly at the beginning of the material we have included a table called CHAPTER WISE ANALYSIS OF PREVIOUS EXAMINATIONS. This analysis will help you to judge the relative importance of each chapter and you can pay more attention on relatively more important chapters.

3. ONE STOP SOLUTION: All Questions in SM, PM, latest RTPs and latest MTPs have been covered in our material along with previous examination questions of IPCC. Our material is like a one stop solution. In the public exam you can expect atleast 90% of the Questions to come from our material. For each question we have given the reference of Study Material (SM), Practice Manual (PM), RTPs, MTPs & previous examinations of IPCC. This will help you to assess the relative importance of each question from examination point of view.

4. RECENT AMENDMENTS: All the recent amendments are being highlighted with GREY background and all such amendments are important from examination point of view. With this students can pay more attention on such areas.

5. PURPOSE OF ABC ANALYSIS: All the questions are categorized into ABC which shows the importance of the question from examination point of view. This analysis helps the student to devote the time on the important areas at the time of exams. However, it is advisable to read even “C” category questions atleast once. In other words, don’t ignore C category questions completely. On the other hand, if you have enough time to prepare then it is recommended to thoroughly read C category questions also. The decision to leave B category or C category questions is purely left to your discretion and it is advisable for you to take the decision based on the availability of time and your caliber. In simple words, if you have enough time and if you are capable enough then read all the questions. Otherwise leave C category questions. If you are ready to take still more risk then you can leave B category questions too. Everything depends upon – availability of time, your caliber and the amount of risk that you are ready to take.

6. APPROACH TO PRACTICAL QUESTIONS: First get a complete grip on theory conceptually and then read practical questions, but simply don’t mug up the practical questions. This is to ensure that you feel comfortable at the examination. As the CA course is a professional course you won’t always get the same questions every time, therefore in order to clear the exams you must be conceptually strong.

7. ANSWERING PRACTICAL QUESTIONS: Students are advised to answer the practical questions in the same format as given in the material (Facts, Provision, Analysis, Conclusion i.e. FPAC).

8. REFERENCE OF PRACTICAL QUESTIONS: At the end of each Theory question, we have given the reference of practical question to be read correspondingly. Immediately after completion of each theory question it is advisable to refer the corresponding Practical Questions, as per the reference given by us.

9. SIGNIFICANCE OF TEXT GIVEN IN ‘ITALICS’ IN SOME PLACES: The text given in italics indicate that the matter need not be written, if that question is asked for lesser marks i.e. as a short answer. However, if the question is asked for more number of marks then the entire answer must be written. In simple words, in the examination, write the content given in italics only if time and marks permit.

10. FEW QUESTIONS ARE TO BE PREPARED ON YOUR OWN: Few theory questions and practical questions are marked as “FOR STUDENT’S SELF STUDY”. Those questions will not be discussed by the faculty in the classroom. Generally questions of very easy nature are classified under this category. Students shall not get confused that all the questions given under this category are unimportant. Some of the questions classified under this category might be even important. We have done this to ensure that syllabus is completed in time.

11. PURPOSE OF “SIMILAR QUESTIONS”: At the end of each question there are some similar questions and the purpose of giving similar questions is to make students understand the different ways of asking the same question. For your convenience we have also given hints for answering such similar questions in the exam.

12. QUESTIONS FOR ACADEMIC INTEREST ONLY: Questions classified under this heading are not important from examination point of view and they are given only for your academic knowledge and are not important from examination point of view. If time permits then it is advisable to prepare those questions also.

If time does not permit then students can leave those questions as choice. So, it is upto you to decide based on your preparation schedule. Are you appearing for Group 1 alone or aiming for a rank in IPCC exams?: If you want to attempt for Group 1 alone or aiming for a rank in IPCC exams then you shall not take risk. So, for such kind of students it is advisable to read the full content of the material.

Download CA IPCC Auditing and Assurance Notes By Manoj Kamavat Applicable for Nov 2018 Exam

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