CA Final is the final gateway of the Chartered Accountancy Course in India. Students should have cleared the CA Intermediate examination and Completed at least 2.5 years of articleship training to appear in the CA Final Examination. CA Final course consists of 6 subjects, which is divided into 2 groups of 3 subjects each. Among all the subjects, CA Final Audit is one of the essential subjects of CA Final.
ICAI CA Final Paper 3 Advanced Auditing, Assurance and Professional Ethics is also known as the CA Final Auditing. It is one of the most crucial chapters to be considered.
The main objective of CA Final Audit is to have expertise in checking financial statements and books of accounts; check the entries and find the discrepancies in the transaction. Auditing plays a primary role in a company. The Auditor validates the data presented in the balance sheet and checks whether the data is correct.
Below are all the details about the CA Final Paper 3. You will get all the details about the CA Final Advanced Auditing and professional ethics, which will help understand CA Final Auditing properly and score well in the examination.
Before we Get on the CA Final Audit let’s have an overview what are other subjects in CA Final.
- Financial Reporting
- Advanced Financial Management
- Advanced Auditing, Assurance and Professional Ethics
- Direct Tax Laws and International Taxation
- Indirect Tax Laws
- Integrated Business Solutions (Multidisciplinary Case Study with Strategic Management)
- Section A: Corporate and Economic Laws
- Section B: Strategic Cost & Performance Management
Click here ICAI to see the release of the CA final exam dates for the November 2024 Exam.
CA Final Advanced Audit and Professional Ethics Paper Pattern 2024 ( New Revised Syllabus)
Below is the latest CA Final Audit Paper/Exam Pattern for the examination.
- CA Final Auditing Paper Pattern is divided into a 30:70 Ratio.
- 30% of the paper is MCQ based, whereas 70% is subjective-based.
- Out of 6 questions in the subjective section, students have to do any 5.
- The duration of the examination is 3 hours
- You can write the examination in either English or Hindi, which you have chosen at the time of filling the application form.
Below is the CA final exam pattern for the audit paper of the May 2024 examination.
CA Final Advanced Auditing and Professional Ethics Weightage 2024
Once you have checked your CA Final Audit paper pattern, the next thing is to go through the CA Final Audit Weightage. The student must know the CA Final Audit Marks Weightage before the preparation will help them to prepare chapters with more weightage first.
Also Read: Chartered Accountancy Salary in India.
Below is the CA Final Audit Chapter-wise Marks Distribution.
| Chapter 1- 4,6 | Chapter 1: Auditing Standards, Statements and Guidance Notes – An Overview Chapter-2: Audit Planning, Strategy and Execution Chapter 3: Risk Assessment and Internal Control Chapter 4: Special Aspects of Auditing in an Automated Environment Chapter 6: Audit Reports | 25%-40% |
| Chapter 5, 7, 8,14 | Chapter 5: Company Audit Annexure: Schedule III to The Companies Act, 2013 Chapter 7: Audit Committee and Corporate Governance Chapter 8: Audit of Consolidated Financial Statements Chapter 14: Liabilities of Auditor | 15%-20% |
| Chapter 9,10, 11,12 | Chapter 9: Audit of Banks Chapter 10: Audit of Insurance Company Chapter 11: Audit of Non-Banking Financial Companies Chapter 12: Audit under Fiscal Laws | 15%-30% |
| Chapter 13, 14, 15, 16, 17 | Chapter 13: Audit of Public Sector Undertakings Chapter 14: Liabilities of Auditor Chapter 15: Internal Audit, Management and Operational Audit Chapter 16: Due Diligence, Investigation and Forensic Audit Unit 1: Due Diligence Unit 2: Investigation Unit 3: Forensic Audit Chapter 17: Peer Review and Quality Review Unit 1: Peer Review Unit 2: Quality Review | 10%-20% |
| Chapter 18 | Professional Ethics | 10%-15% |
CA Final Advance Auditing and Professional Ethics Syllabus 2024
Every year, ICAI keeps on doing modifications to the CA Final Syllabus. Candidates who are appearing in the examination can refer to the CA Final Audit New Syllabus or Old Syllabus.
After completing your CA Final Registration you can check your ICAI Final Audit Syllabus. Below we have given a PDF of the new syllabus and the old syllabus.
Download CA Final Audit New Syllabus 2024.
CA Final Advanced Auditing and Professional Ethics Study Material 2024
CA Final Study material is the base of all the chapters and topics of the examination. After checking your syllabus, you can download your CA Final Auditing study material/ Practice manual. After going through the study material or Practice manual, you don’t need any other reference books.
Click on the below link to download the CA Final Audit New Syllabus Study material.
Module 1
- Chapter 1: Auditing Standards, Statements, and Guidance Notes – An Overview
- Chapter-2: Audit Planning, Strategy, and Execution
- Chapter 3: Risk Assessment and Internal Control
- Chapter 4: Special Aspects of Auditing in an Automated Environment
- Chapter 5: Company Audit
- Annexure: Schedule III to The Companies Act, 2013
- Chapter 6: Audit Reports
Module 2
- Chapter 7: Audit Committee and Corporate Governance
- Chapter 8: Audit of Consolidated Financial Statements
- Chapter 9: Audit of Banks
- Chapter 10: Audit of Insurance Companies
- Chapter 11: Audit of Non-Banking Financial Companies
- Chapter 12: Audit under Fiscal Laws
Module 3
- Chapter 13: Audit of Public Sector Undertakings
- Chapter 14: Liabilities of Auditor
- Chapter 15: Internal Audit, Management, and Operational Audit
- Chapter 16: Due Diligence, Investigation, and Forensic Audit
- Chapter 17: Peer Review and Quality Review
- Chapter 18: Professional Ethics
Students should read everything in the CA Final Audit Study Material after that for those who want to learn and practice more students can go through the notes and reference books to evaluate their performance in the examination. Students can use them for CA Final Audit Revision.
Also Read: Download CA Final Admit Card 2024 Examination.
CA Final Advance Auditing and Professional Ethics Best Books
Below are the best ICAI Final Audit Books, which you can read once you have completed your ICAI Final Audit Study Material. Students can download the Final Audit Book PDF from the author’s official website.
Best CA Final Audit Books.
- Surbhi Bansal
- Pankaj Garg
- Vikas oswal
CA Final Advanced Auditing and Professional Ethics Pronounce/ Amendment 2024
Every year ICAI issues a set of new amendments. Below is the latest ICAI Final Audit Amendments issued by the ICAI. Click on the link to download the CA Final Audit amendments November 2024 Examination.
- Part I: Auditing and Assurance Standards
- Part A
- Part B
- Part II: Statements
CA Final Advanced Auditing and Professional Ethics Question Paper 2024
Once you have completed your CA Final Auditing syllabus within the time boundation, then you can give time for solving the CA Final Audit Question Paper with a solution. Solving the CA Final Paper helps the students analyze their performance and score well in the examination. You must at least give 2 months for the Final Audit Revision.
CA Final Advanced Auditing and Professional Ethics Mock Test Paper 2024
Mock Test papers are based on real-life implications. ICAI also released the CA Final Audit Mock Test Paper, which will help students practice the topics where they are finding difficulty. Students can solve these mock test paper right before the examination.
Download CA Final all Previous year Mock Test Papers with answers.
CA Final Audit Mock Test Paper with a solution.
Series 1
Also Read: CA Final Strategy to score Rank in Examination.
CA Final Advanced Auditing and Professional Ethics Revision Test Paper 2024
It is necessary to give time for the CA Final Audit Revision. Below is the latest revision test paper of the final audit. Revision test paper works as a sample paper, which helps the students in increasing their ability to perform well in the examination.
Below are the ICAI Final Audit Revision Test Paper Nov and May months of 2018, 2019, and 2020.
- May, 2022 – Hindi Medium
- May, 2022
- November 2021 – Hindi Medium
- November, 2021
- May 2021 – Hindi Medium
- May, 2021
- May 2020 – Hindi Medium
- May, 2020
- November 2019 – Hindi Medium
- November 2019
- Corrigendum
- May 2019 – Hindi Medium
- May 2019
- Corrigendum
- November 2018 – Hindi Medium
- November 2018
- May 2018
CA Final Advanced Auditing and Professional Ethics Sample Question for 30:70 Assessment
ICAI has released the CA Final Auditing sample Question of the 30:70 Assessment for the students so that they can get more material to perform well in the examination. Below are the latest ICAI CA Final Audit MCQ assessment 2024.
MCQ Sample Paper 1 – Download Now
MCQ Sample Paper 2- Download Now
MCQ Sample Paper 3- Download Now
CA Final Advanced Auditing and Professional Ethics Reference for Quick Revision 2024
Recently ICAI has Published the CA Final Audit Reference for Quick Revision for the Nov 2024 Examination. This reference for quick revision will help the student during the last preparation for the examination.
Download CA Final Audit Reference for Quick Revision 2024. (Click Here)
CA Final Advanced Auditing and Professional Ethics Online and Pendrive Classes
Students who are finding any problems in CA Final Audit subjects can prefer choosing CA Final Coaching Classes. You must do the proper research while choosing the Best Final Audit Classes. In case if your locality does not have the best faculty, students can choose the CA Final Online Classes or CA final Pendrive Classes. Attending coaching classes helps a lot of students who are facing any problems in ICAI Final Auditing. There are a lot of benefits to choosing the CA Final Coaching Classes. You can clear your doubts and queries regarding the subject. Every coaching institute provides notes, which help the students during the preparation times.
Also Read: Follow these Amazing tips to clear the CA Final on the First Attempt.
CA Final Advanced Auditing and Professional Ethics Self-Study and Preparation Tips
While preparing for the examination most of the students are confused between self-study and online classes. We would advise you if you really feel that you have expertise, knowledge and already done a lot of practice and you can go with CA’s final self-study tips. But on the Other side, this is your last attempt, taking coaching classes will definitely benefit at some point.
CA Final Audit Exam Preparation and CA final study tips November 2024.
- Prepare a Proper Study Plan and time table and follow it strictly.
- Set daily task and make a deadline to complete it
- Try to complete your syllabus 40 days before the examination so that you can revise all the study material.
- Give priority to solving CA Final Audit Question Paper.
- Keep calm and be confident during the examination you will definitely score well in CA Final Result.
Check the CA final question paper for November 2024 Exam.
Frequently Asked Question
Q1. Is CA Final Audit Difficult?
Ans: It’s easy to score in ICAI Final Audit, it requires practice and Experience.
Q2. How long does CA Final Audit take to Complete?
Ans: To complete CA Final Audit students must Study 3hrs a Day for 60 Days.
Commencement of Live Virtual Classes (LVC Batch – 2) under the New Scheme from 15th April 2024 for the students of CA Foundation/Intermediate/Final courses appearing in September/November 2024 Examinations – (10-04-2024)