Advanced Auditing Assurance & Professional Ethics (Audit) | Study Material

This book has been prepared to meet the specific requirements of the New Syllabus for the Final Level of the Chartered Accountancy Examination. It has been refined over numerous editions to address common student challenges and exam pitfalls. The book’s relevance comes from its exam-oriented approach ? it imparts conceptual knowledge of auditing standards and ethics. Also, it focuses on how those concepts are examined in the exam. Using this book, students can be confident they are covering 100% of the syllabus content and the latest applicable rules for their auditing paper.

The Present Publication is the 15th Edition, thoroughly revised and updated till 28th February 2025, tailored for the CA-Final | New Syllabus | Nov. 2025 Exams. It is Authored by Pankaj Garg, with the following noteworthy features:

[Strictly Aligned with the Latest Syllabus] Follows the CA Final (New Syllabus) guidelines, ensuring comprehensive coverage of topics relevant for Group I | Paper 3
[Amendments & Updates] Incorporates all relevant amendments up to 28.02.2025, covering changes in the Code of Ethics, Quality Control and Engagement Standards, and Company Law provisions
[Tabular Presentation] Complex topics are broken down into tables for easier retention, quick revision, and conceptual clarity
[Exam-oriented Approach] Emphasises important questions, practical case scenarios, and how to approach them effectively under exam conditions
This book is presented as per the New Scheme of Education and Training, where the entire syllabus has been divided into 19 Chapters, which are given below

Quality Control (QC)
General Auditing Principles & Auditor Responsibilities
Audit Planning, Strategy and Execution
Materiality, Risk Assessment and Internal Control
Audit Evidence
Completion and Review
Reporting
Specialised Areas
Related Services
Review of Financial Information
Prospective Financial Information and Other Assurance Services
Digital Auditing and Assurance
Group Audits
Audit of Banks
Audit of Non-Banking Financial Companies
Audit of Public Sector Undertakings
Internal Audit
Due Diligence, Investigation & Forensic Accounting
SDG and ESG Assurance
Professional Ethics and Liabilities of Auditors
The structure of the book is as follows:

Logical Flow ? The material progresses systematically?from fundamental auditing principles to specialised audits (e.g., banks, NBFCs, PSUs) and emerging areas such as digital auditing and ESG assurance
Detailed Explanation & Examples ? Practical cases, practical illustrations, and examples are woven into the text to reinforce understanding of the application of standards
Easy Navigation ? Each chapter is subdivided into clear sections and subheadings, allowing readers to locate specific topics quickly
Highlighting Key Points ? Bullet points, tables, and charts are frequently used to summarise critical points for quicker revision
Practice & Revision Tools ? Includes references to extensive practice material such as ‘CRACKER cum Exam Guide,’ which addresses both descriptive questions and MCQs/case scenarios, further enhancing exam preparedness